BTCC resumes operation of crypto exchange

The world's oldest crypto exchange is reopening its platform nine months after it closed. Its leaders also shared their plans to launch their own token in the future.

On Monday, BTCC exchange announced the launch of a new version of the exchange with support for crypto-to-fiat and crypto-to-crypto trading pairs. The exchange will support bitcoin, bitcoin cash, litecoin and ethereum. BTCC, formerly BTC China, is the world's first crypto exchange, which began operations back in 2011. However, in 2017, management decided to close the exchange as a result of government crackdowns on cryptocurrencies in China. In 2018, the exchanger was acquired by a Hong Kong investment fund.

Talking to CCN reporters, BTCC Vice President Aaron Choi talked about the new customer rewards feature. He said: "We have already launched the platform and decided to focus on working on a reward system with points that can be converted into BTCC tokens. We want to thank the community that supported us during a rather difficult period. Initially, we planned to trade only BTC/USD, but then we added pairs with Ethereum, Litecoin and Bitcoin Cash. Most likely, we will expand this list in the future and the opinions of users will be taken into account, but we will only choose from the best.”

Some of the new features of the BTCC exchange are new trading pairs, increased liquidity, faster deposits and withdrawals. All bonus points will be converted into BTCC tokens, which can be bought and sold on the exchange. BTCC has not yet announced the exact timing of the release of new tokens.

According to ccn.com