Huobi's BitVC Opens Bitcoin Interest Accounts to All International Customers
BitVC, the Hong Kong-registered subsidiary of China-based digital currency exchange Huobi, has officially opened its margin trading and digital currency savings accounts to the international public. Huobi's margin trading platform BitVC and its 'Yubibao' wallets, which also function as interest-bearing savings accounts, had been in an invitation-only beta phase since June. Speaking to CoinDesk, Huobi's Robert Kuhne said that more than 5,000 users had signed up and used their accounts during this trial period, with about 30% of current BitVC account holders residing outside mainland China.....
Related News
Chinese 'big three' exchange Huobi is bringing margin trading and interest accounts to bitcoin, in a bold and possibly industry-first move designed to make more 'traditional' financial products available to serious digital currency traders. The company's new platform, BitVC, is a Hong Kong-listed subsidiary company with a margin trading platform for both bitcoin and litecoin. Users may borrow up to 200% of the net value of all assets in their accounts; that is, BTC, LTC, CNY values combined. Bitcoin interest. To accompany the move, Huobi is launching another new brand called Yubibao to....
Huobi is launching a bitcoin futures trading feature on its BitVC platform with a 10-day simulated trading competition to get users involved. The exchange is offering prizes of funded trading accounts to the top 50 traders in the competition, which closes at 12:00 (Beijing time) on 19th September. The only catch is, winners must then turn those accounts into profits to pocket the winnings. BitVC COO Wang Huaiqiang explained the competition's purpose: "We tried to design BitVC Futures to be easy for beginners to understand and convenient for experienced traders. Playing the game is a good....
As the bitcoin/digital currency landscape in the People's Republic of China continues its evolution, major exchanges are looking for ways to expand their business models to, well, stay in business. Such is the case with the Huobi exchange. At the BTCChina 3rd anniversary celebration that took place this weekend, Huobi CEO Leon Li announced a new platform dubbed BitVc. It's a derivatives-based platform that includes margin trading, though as of current, it's very much still in beta. In fact, Leon Li handed out a few invitations to beta test the service, which launches to the public on the....
China-based bitcoin exchange Huobi has announced another update to its trading fee policies today. Following news from last week that the exchange would add 0.2% to both sides of domestic bitcoin trades, Huobi said it will enact the same pricing for international users via its BitVC platform. Huobi had previously offered both services without trading fees. Fees, the exchange said, will be calculated daily at 13:00 local time, and it detailed how fees would be exacted from customers and in which digital and fiat currencies. Founded in 2014, BitVC is notably a Hong Kong-based entity....
Hong Kong-based bitcoin exchange BitVC announced an update to its trading fee policies today. Following news from last week that the exchange would add 0.2% to both sides of domestic bitcoin trades, BitVC said it will enact the same pricing for international users as other major bitcoin exchanges including BTCC, Huobi and OKCoin. All three exchanges previously offered both services without trading fees. Fees on BitVC, the exchange said, will be calculated daily at 13:00 local time, and it detailed how fees would be exacted from customers and in which digital and fiat currencies. Founded in....