Dominant player for CNY trades
BTCC closed its trading activity on September 30th due to regulatory pressure from the Chinese authorities.
BTCC was the dominant player for CNY (Chinese Yuan) trades into Bitcoin. The Exchange has rebranded to BTCC from BTCChina to reflect the international nature of Bitcoin.
The Company also started moving into mining by offering its own pool - mimicking the business model of CEX.io & GHash.io. The mining pool has remained unaffected.
At the beginning of 2017, the People's Bank of China announced inspections on the three major exchanges in the country. Following these inspections, BTCC has halted margin trading services and instituted a trading fee of 0.2%/0.2%
Shanghai based BTCC is an exchange that secures your account and funds using offline cold storage, geographically redundant cloud servers, SSL encrypted traffic, real-time internal controls and strict procedures which has a team consisting of highly experienced industry professionals from the world’s leading e-commerce, internet, and payment processing companies.
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