BTCC
| BTCC | |
| |
| Founded | 2011 |
|---|---|
| Headquarters | Shanghai, China |
| Key People | Huang Xiaoyu and Yang Linke, Co-Founders; Bobby Lee, Co-Founder and CEO |
| Products | Cryptocurrency derivatives trading platform |
| @YourBTCC | |
| Profile | |
| Page | |
| Website | https://www.btcc.com/ |
| Releases | Company News |
| Blog | Blog |
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.[1] 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.[2]
On June 24, 2021, BTCC announced that it had closed its Chinese trading and mining operations.[3]
Products and Services[edit]
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.[4]
Key People[edit]
Huang Xiaoyu, Co-Founder; Yang Linke, Co-Founder; Bobby Lee, Co-Founder and CEO
References[edit]
- ↑ 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.