China's BTCC Relaunches Cryptocurrency Exchange

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Hong Kong-based cryptocurrency firm BTCC has relaunched its new cryptocurrency exchange platform.

The new exchange will support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), as well as trading pairs like LTC/USD and LTC/BTC.

BTCC has introduced zero trading fees for the first three months. The new exchange also boasts of new rewards point system, enhanced liquidity, quicker deposits, and withdrawals as well as tighter bid-offer spreads.

The reward points are fully convertible to BTCC tokens and can be used across the whole BTCC ecosystem.

BTCC, known as BTCChina when it was founded in 2011, was one of China's largest Bitcoin trading platforms before BTCChina Exchange stopped trading for its China-based customers in September 2017 following a crackdown on cryptocurrencies by Chinese regulators.

However, the company's trading on the BTCC international exchange and other services, including its Mobi bitcoin wallet, USD/BTC exchange service, and BTCC mining Pool for miners, continued to operate.

Later in January 2018, BTCC was acquired by Hong Kong blockchain investment fund.

The flourishing cryptocurrency sector in China had come under increased scrutiny from regulators due to potential financial risks after a boom in initial coin offerings or ICOs, and a surge in bitcoin and Ethereum prices.

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