An unnamed investment Fund from Hong Kong said the purchase of the BTCC leading cryptocurrency platform in China. Details of the deal were not specified, but the BTCC emphasizes that this step will help the company expand internationally after the closing of mainland China.
«This acquisition is a new step in business development BTCC, which will help us better and faster to develop,» – said the head of the BTCC Bobby Lee.
According to the statement, the company is committed «to conduct every segment of the digital currency ecosystem,» expanding the international market after the Chinese authorities forced to close all cryptocurrency exchanges at the end of September 2017.
While cryptocurrency exchange BTCC DAX is no longer available due to ban the trade of bitcoin in China, the company will focus on the three remaining services: international mining pool, cryptocurrency wallet Mobi and exchange, working with the U.S. dollar.
Only in 2017 owned by the cryptocurrency exchange has carried out transactions of more than $25 billion, and mining pool of bitcoins has generated nearly $900 million.
According to CoinMarketCap, over the last 24 hours of trading volume on BTC/USD exchange BTCC was $123 million right Now, she ranks eighth in the world rankings. Pool BTCC currently owns 3.2% of the hashing power in the bitcoin network.