mBTC Trading May Come To BTCC Exchange Shortly
One issue this change could resolve is how most people assume they need to own a full bitcoin to become part of the ecosystem. A lot of things are changing in the world of bitcoin exchanges right now. Bobby Lee, CEO of BTCC, is contemplating a switch in trading units. To be more precise, he is asking the public’s opinion on trading in mBTC units moving forward. A rather strange idea, although his reasoning for this idea is quite solid. In his opinion, smaller bitcoin units should aid with the public perception of cryptocurrency. The latest idea by Bobby Lee is one that just might work. The....
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The news that all major Chinese exchanges are planning to adopt a new primary unit for trading purposes has caused a commotion that may hinder the idea from taking off. The differences which center on the choice of Bitcoin unit that would be best suited for trading purposes may suffocate the suggestion being promoted by BTCC CEO Bobby Lee, who seems bent on pushing the idea further despite his being reminded that he had made a similar suggestion at a post-conference dinner in Berlin in 2014 but it didn’t get off the ground. In his reply, Lee states: According to Lee, who has started an....
As bitcoin’s price has gained quite a bit of value over the past few months, many bitcoin proponents have been asking the community to start thinking about using mBTC denominations rather than using decimal points. People proposing this idea believe it’s the right time to start referring to bitcoin percentages below one bitcoin in this fashion, to make....
Four major Chinese Bitcoin exchanges including BTCC, Huobi, OKCoin and Yunbi have officially begun to charge trading fees to all users, traders and investors, as of Jan. 24, 2017. BTCC, the world’s oldest and largest Bitcoin exchange, first announced its plans to implement trading fees on Jan. 20. OKCoin, Yunbi and Huobi shortly followed BTCC, announcing their official decisions to charge trading fees to Chinese users within 24 hours since the announcement of BTCC. Why did Bitcoin exchanges introduce fees? All three Bitcoin exchanges that were previously inspected by the People’s Bank of....
"It's both a liabilty and an opportunity." 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, one of the largest bitcoin exchanges in the world, announced its Pro Exchange at a Money 20/20 panel held at The Venetian Resort Hotel Casino in Las Vegas. Pro Exchange is a bitcoin margin trading tool that will allow traders to exercise 20x leverage on spot trading. Unlike BTCC's regular spot exchange, which might be useful for those who are looking to buy or sell one or two bitcoin, Bobby Lee, CEO of BTCC, explained that this product is better suited for more experienced traders. "If you want to buy a lot of bitcoin, it's a quick way to get a lot really fast," Lee explained in an....