The Hong Kong-based cryptocurrency firm BTCC – the world’s first Bitcoin exchange – today announced an upgraded new exchange platform due to go live in June. This new platform will enhance liquidity, accelerate the confirmation of deposits and withdrawals, and will be geared primarily to Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
Earlier today (May 28) BTCC announced through its social media and its website that it will be launching a brand new Bitcoin exchange platform in June. This new upgraded exchange will offer a number of improvements including enhanced liquidity, accelerated confirmation of deposits and withdrawals, and will also provide a small bid-ask spread to provide global customers with reliable, convenient, and secure digital asset services.
Only Bitcoin, Ethereum, Bitcoin Cash and Litecoin Supported
BTCC’s new platform will only support the following cryptocurrencies: Bitcoin (BTC) , Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). According to a press release issued, other currency options will be periodically increased to meet the needs of users.
No Transaction Fees For First 3 Months
The new exchange will not charge transaction fees for the first three months of operation. BTCC also stated that in terms of tech development, their communication system will use a multi-level, multi-cluster system and a fully optimized high-speed memory transaction engine.
BTCC states that their improved trading platform has been optimized to include offline cold storage and SSL encrypted traffic to ensure better protection of customers’ digital assets. The statement stated :
“We attach great importance to security issues and are proud of the fact that we have never been harmed.”
Officially known as BTC China, BTCC is the first Bitcoin trading platform to come out of the People’s Republic of China. It was founded by entrepreneur Bobby Lee in 2011, and within three years had become the world’s second largest Bitcoin trading platform.
In January of this year, BTCC was acquired by a Hong Kong blockchain investment fund, transferring 100% of the BTCC trading platform and continuing to operate mining pools, Mobi Bitcoin wallets, and USD/Bitcoin exchanges. BTCC then stated its intention of shifting its focus toward the international market.