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Author Topic: [2016-11-02] BTCC Takes Aim at Bitfinex With US Dollar Bitcoin Trading  (Read 251 times)
foserfox (OP)
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November 02, 2016, 05:08:21 AM
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At least that's how BTCC CEO Bobby Lee describes his Shanghai-based bitcoin exchange startup's affiliation with its domestic market. Formerly known as BTC China, BTCC markets itself as the "world's longest-running bitcoin exchange", but it's now taking steps to expand its customer base internationally.

BTCC announced today that it is launching a new service BTCC USD Exchange, one that boasts a new user-interface and that is operated by a separate legal entity. Run out of Hong Kong, the US dollar trading arm will complement BTCC's Chinese yuan trading, and Lee said support for more currencies is likely to follow. It officially launches tomorrow.

http://www.coindesk.com/btcc-takes-aim-bitfinex-us-dollar-bitcoin-trading/
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November 02, 2016, 09:31:20 AM
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I am, and have always been solely a BTC/USD trader even though I am from a EUR country. Bitstamp is the perfect exchange for that even though its volumes are lacking nowadays. I have thought that after the hack of Bitfinex, which was, and still is the largest USD exchange according to its volumes, Bitstamp would significantly benefit from that. But it didn't happen.

For some reason people are slowly coming back to Bitfinex as this exchange is slowly picking up its volumes again. Not sure if it ever goes back to the levels of how it was before the hack, but I think it's quite worrying that people are returning to an exchange that messed up so badly.

I don't think there will be much demand for another Chinese exchange to list a BTC/USD trading pair. Just look at OKCoin for example, their BTC/CNY pair got a volume of over 1,400,000BTC in the last 24 hours, while their BTC/USD pair just sits at 3250BTC. And yes, I am well aware of the fact that their CNY volumes are higly inflated.
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