BTCC relaunches crypto exchange and plans to launch own token.
The oldest crypto exchange BTCC, which for some time was one of the largest in China, announced the relaunch of the trading platform, as well as plans for the release of its own tokens. This is reported on the company’s website.
The new trading platform is already available for users and offers trading in pairs such as Bitcoin, Bitcoin Cash, Ethereum and Litecoin against US dollar, as well as a number of cryptocurrency pairs.
Also, on the updated crypto exchange implemented a reward system. The users will be rewarded with points for registration, the verification of the account, the deposit of funds and trading activity. The accumulated points can then be converted into BTCC own tokens, which in the future will also be used in the trading platform.
The exact timeframe for the BTCC token release is still unknown. However, representatives of the company said that the release will be implemented within the next few months. Also, BTCC has not yet decided on the volume of the offer and the ratio, according to which points will be converted into tokens. In addition, which is quite important for traders, in the first three months BTCC Exchange is introducing zero trading fees.
Representatives of crypto exchange also said that in the future BTCC is planning to add other cryptocurrency assets, as well as ERC-20 based t tokens.
The oldest bitcoin exchange of China announced plans to launch an updated trading platform in late May. It was argued that modernization would lead to increased liquidity, simplify the deposit and withdrawal of funds, as well as allow trading contracts for price differences tied to the cryptocurrency. After the closure of BTCChina in September 2017 due to the tightening of crypto regulations in China, the company said that they will continue to develop their technology. In particular, the developers of the team concentrated on the Mobi cryptocurrency wallet, which belongs to BTCC.