BTCC – the exchange that handled the first-ever Bitcoin deal – looked down and out when they folded in 2017. Nine months later, and BTCC are back; re-launched and improved, with the capacity to exchange digital currencies to fiat currencies, and even the possibility of their own BTCC token.
Nine months ago, amid ever-tightening restrictions from the Chinese authorities, BTCC (formerly BTC China), unofficially regarded as “The Oldest Cryptocurrency Exchange In The World”, and the exchange that handled the “First Ever Bitcoin Transaction”, announced it was bringing an end to its domestic trading.
BTCC: Relaunched And Upgraded
That was late September 2017. Fast forward nine months later, and on Monday (July 2) BTCC formally announced its relaunch, promising plenty of upgrades and improvements, crucially the support of crypto-to-fiat and crypto-only trading pairs. These look set to include Bitcoin, Bitcoin Cash, Litecoin and Ethereum.
The Vice President of BTCC, Aaron Choi (pictured), also stated that the relaunched version of BTCC would feature a system to reward clients with points, which is very likely to be a precursor to BTCC launching its very own cryptocurrency, in a similar fashion to what fellow “Big Three” Chinese exchange Binance have done.
Here’s what Aaron Choi said:
“A soft launch has already been made and we decided to go ahead with the BTCC points system that will be fully convertible to BTCC tokens. We wanted to give something back to the community which has supported us through a rather difficult period. Initially, we started trading with just Bitcoin/USD pairs and eventually added Ethereum, Litecoin and Bitcoin Cash. We will be adding further coins according to what our customers tell us although these will probably be Top 10 anyway”.
Features to look out for on the new BTCC Exchange will include the addition of a whole range of new trading pairs (BTC, ETH, BCH, LTC / USD, ETH, BCH, LTC / BTC, etc.), greater liquidity, faster deposits and speedy withdrawals. Overall, BTCC are looking to supply the user with a tighter, slicker, more professional experience when using the platform.
In addition to the range of new trading pairs listed above, BTCC will regularly update the list and add additional trading pairs based upon customer feedback. All points that have been awarded will be converted to BTCC tokens, although as of yet, BTCC has not revealed a specific date for its token ICO.