The Chinese exchange BTC China has confirmed that it is accepting USD and HKD deposits and withdrawals, becoming the first crypto-platform in the country to support three fiat currencies.
The exchange is now opening the new trade possibilities to all users, after an invite-only period. “BTC China is thrilled to expand this service to all of its International Account Holders. During this trial stage, BTC China collected several million USD worth of deposits. This service will be processed via its registered Hong Kong affiliate”, the company revealed on a press release published on Reddit.
To use the service, the clients have to register and then choose between the account options ‘domestic’ or ‘international’.
- International Account holders will be automatically eligible for this new service.
- Existing Domestic Account holders who wish to deposit and withdraw using USD or HKD are encouraged to open an International Account. After making their deposit, users will have access to the full range of BTC China’s products and services. All trades will be conducted in BTC/CNY and LTC/CNY.
“As a global company, BTC China is pleased to accommodate the demands of our users, both domestic and international”, said the company’s CEO, Bobby Lee. The exchange decided to offer new options following the requests made by several customers. According to the press release, “users have demonstrated strong demand for the exchange to support other currencies, and this is the first step”.
Before the integration of USD and HKD, the users were only able to make deposits and withdrawals in CNY. However, despite the introduction of new options, trading at BTC China remains free of charge.
BTC China is the second Chinese exchange to announce similar changes. A few days ago, OKCoin also launched USD deposits and withdrawals, as well as a new webpage in English.
The BlueCoin Phenomenon
BlueCoin is very serious about their chosen theme. Taking cue from the cultural antics of the Dogecoin community, the founders of BlueCoin have been trying to give it something of a personality. They announced an official BlueCoin afterparty to ...read more
Ripple Labs CTO Designs Smart Contracts
Stefan Thomas is one of the more talented and respected developers in the space. An old hat at this young technology, he has been making waves as the CTO of Ripple labs. In a recent effort he has set ...read more
American court stops Mt. Gox from auctioning Bitcoin domain
A United States court issued a temporary order to forbid the sale of the domain Bitcoins.com, which is still owned by the CEO of the defunct cryptocurrency exchange Mt. Gox. Mark Karpeles announced the auctioning of the domain two weeks ago. The injuction ...read more
New York-based Coinsetter evolves to “full US Bitcoin exchange”
Following the recent presentation of the first BitLicense draft, the Bitcoin-related set of rules that will regulate the crypto-economy in New York, the local exchange Coinsetter announced its evolution from beta stage to “full US Bitcoin exchange”. “Today, we’re pleased ...read more
Building a Bitcoin Economy: How to Close the Loop
This guide is a continuation of a previous article at http://bitcoinmagazine.com/13104/building-bitcoin-economy-stimulate-adoption/ If you or someone in the area has been preaching crypto for a while, you probably have a few nearby businesses accepting Bitcoin by now. This is an important first ...read more
#OffTheCouch: Award-winning Film Could Bring Bitcoin to 1,000 High Schools
The Corporation Film’s Crypto Challenge from Hello Cool World on Vimeo. For its 10th year anniversary, “The Corporation” is raising money for a re-release shown to 1,000 schools across North America. Their original fiat campaign closed at $30,000, and they’re ...read more