|Key People||Huang Xiaoyu and Yang Linke, Co-Founders; Bobby Lee, Co-Founder and CEO|
|Products||Cryptocurrency derivatives trading platform|
BTCC was one of the earliest and most successful Chinese cryptocurrency trading platforms.
BTCC (then operating as BTC China) closed operations in China on October 1, 2017, in response to a crackdown on trading platforms by Chinese authorities that started after an announcement to that effect on September 4. Having once been one the longest-running as well as one of the largest Chinese exchanges, the platform changed its name from its original BTC China to BTCC when it reopened in July 2018. I also said that it would run a mining pool and support its own new Mobi wallet software.
On June 24, 2021, BTCC announced that it had closed its Chinese trading and mining operations.
Products and Services
When BTCC re-opened in 2018, it focused on offering a renminbi-priced perpetual bitcoin contract which it launched in 2019. BTCC claims that this was the first physically-settled perpetual bitcoin contract. The instrument allows up to 150% leverage for both bitcoin and Ethereum contracts.
Huang Xiaoyu, Co-Founder; Yang Linke, Co-Founder; Bobby Lee, Co-Founder and CEO
- Bitcoin Exchange BTCC Brings Chinese Trading to a Close. CoinDesk.
- Formerly Top Three Crypto Exchange BTCC Relaunches, Plans to Issue Native Token. Cointelegraph.
- BTCChina, the country’s first bitcoin exchange, gives up on the cryptocurrency amid Beijing’s tightening crackdown. South China Morning Post.
- How BTCC Became the Leading Crypto Derivative Trading Platform. BTCC.