The world’s oldest Bitcoin exchange, Chinese cryptocurrency firm BTCC has revealed its plans to launch a new exchange platform next month that will support some of the major cryptocurrencies in the world.
The Hong Kong based BTCC in announcing its plans to introduce a new and improved ‘BTCC Exchange’ in June said the new exchange will have improved liquidity. The exchange has indicated that this will make it possible for small bid-offers as well as faster confirmation of deposits and withdrawals. The new features will be accessible to users worldwide.
At introduction, the new exchange will support Bitcoin, Ethereum, Bitcoin cash and Litecoin and their trading pairs. The exchange will look into the needs of its user base to bring on board other crypto tokens to its trading platform. Users will not be charged any trading fees for the first three months following the launch of the new exchange.
With a vision of providing a new “‘cutting-edge’ system to facilitate faster, seamless trading,” BTCC spoke of its new platform as, “In terms of technical developments, our exchange will utilize a multi-tier, multi-clustered system with an optimized, high-speed memory trading engine.”
The new exchange will be improved to include offline storage to better protect customers’ digital assets.
“We take security very seriously and are proud of the fact that we have never been compromised,” the exchange added.
“[The] acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years,” founder and CEO Bobby Lee said at the time. “I’m very excited about the resources this gives BTCC to move faster and aggressively grow our businesses in 2018 and beyond,” he added, stating the company would shift focus to offering services to the international market.