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 Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term 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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term to attract international clientele currently paying 0.2-0.5% on trades.