BTCC, a Chinese cryptocurrency establishment, has announced the news that it will be launching a modified and further improved exchange in the coming month with optimal support for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
The decision to make updates stemmed from the fact that BTCC needed to focus on areas that require the most work. This is believed to include its speed in confirmations for deposits and withdrawals, security, liquidity and access to users globally.
As for the launch, only the mentioned coins above will be supported for the time being, as well as every trading pair possible. Since it will be newly released, users will be able to take advantage of the “zero trading fees” for the first three months of the BTCC exchange release.
According to the BTCC team, the platform supposedly aims to target concerns that several other exchanges continue to face. In their statement, they suggest that the platform,
“In terms of technical developments, our exchange will utilize a multi-tier, multi-clustered system with an optimized, high-speed memory trading engine.” They went on to state the importance of security has gone up, as several hacks in 2018, proved that loopholes still exist.
BTCC, which was once known as BTC China, was the first-ever crypto exchange to exist as it took for some time in 2011. Unfortunately, due to China’s regulations, their services were put on hold on September 30, 2017. Instead of ceasing operations, the firm made a country change and based its services in Hong Kong and London.
Today, BTCC is Hong Kong-based and to see that the exchange will be back in action is great news. However, this could mean that the team involved has a lot of catching up to as other exchanges already support a wide range of coins.
The Founder and CEO of BTCC, Bobby Lee, has expressed extreme excitement and is confident that “this gives BTCC to move faster and aggressively grow out businesses in 2018 and beyond.” Will BTCC’s re-entry have users onboard its exchange?