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.
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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.