The trend continues: BTC China adds USD and HKD trading

Tuesday, 22/07/2014 | 09:23 GMT by Leon Pick
The trend continues: BTC China adds USD and HKD trading

BTC China has announced that they are adding USD and Hong Kong dollar (HKD) bitcoin trading. This comes days after OKCoin announced its launch of USD trading via OKCoin.com.

With the launch, BTC China says it's the first such exchange in China to offer trading in 3 fiat currencies.

The moves come as Chinese exchanges look westward to increase their client base and expand beyond the grip of the People' Bank of China (PBOC), which has placed restrictions on Bitcoin in the country. Hong Kong, which does not impose such restrictions, is an ideal launching pad catering to the Chinese, local and international markets.

BTC China is offering the new service through its Hong Kong-based affiliate. Such Affiliates have been key in allowing exchanges like OKCoin and Huobi to get back into the margin game.

The exchange says that it has already gotten millions in deposits from its invite-only trial period.

BTC China does not charge fees for trades, a selling point they hope to Leverage to attract international clientele currently paying 0.2-0.5% on trades.

BTC China has announced that they are adding USD and Hong Kong dollar (HKD) bitcoin trading. This comes days after OKCoin announced its launch of USD trading via OKCoin.com.

With the launch, BTC China says it's the first such exchange in China to offer trading in 3 fiat currencies.

The moves come as Chinese exchanges look westward to increase their client base and expand beyond the grip of the People' Bank of China (PBOC), which has placed restrictions on Bitcoin in the country. Hong Kong, which does not impose such restrictions, is an ideal launching pad catering to the Chinese, local and international markets.

BTC China is offering the new service through its Hong Kong-based affiliate. Such Affiliates have been key in allowing exchanges like OKCoin and Huobi to get back into the margin game.

The exchange says that it has already gotten millions in deposits from its invite-only trial period.

BTC China does not charge fees for trades, a selling point they hope to Leverage to attract international clientele currently paying 0.2-0.5% on trades.

Topics
Exchanges
About the Author: Leon Pick
Leon Pick
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