One of the three oldest cryptocurrency exchanges acquired by Hong

+++ BTCC exchange, one of the three oldest crypto exchanges has been acquired by Hong Kong based Blockchain Investment Fund.

1. This is a “thrilling” deal
In a report last week, BTCC confirmed to be acquired by a Hong Kong based Blockchain Investment Fund. Although details about the deals have been undisclosed, BTCC is expected to enjoy another future.
Originated in China, BTCC is formerly known as China BTC. Due to the fact that Chines government banned cryptocurrences in general and Bitcoin transactions in specific, China BTC moved their base of operations to Hong Kong under the new name of BTCC. BTCC explained that the deal would help them redirect to the focus on international cryptocurrency. BTCC would become the pioneer in expanding cryptocurrency market on a global scale.

2. BTCC Future
At the time of writing this article, data from Blockchain.info shows that BTCC’ mining pool accounts for 3.3% of the total bitcoin hash rate. In the near future, BTCC will get more resources to focus on hash deployment in order to compete with other exchanges in this industry.

NilecoinTeam.