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Bitcoin exchanger BTCC was sold

Bitcoin-start the Btcc was acquired by Hong Kong investment Fund.

The details of the transaction were not disclosed, but the BTCC said in a press release that this step contributes to their efforts to expand and grow internationally.

Bobby Lee, co-founder of the BTCC, said:

Today’s deal – an incredible milestone for the BTCC… I am very pleased that the BTCC will have access to resources that will help him faster and more aggressive to develop business in 2018 and beyond.

According to the statement, the company is currently seeking to take a leading position “in each segment of the digital currency ecosystem.” BTCC was forced to shift to the international market after the Chinese authorities forced to close all cryptocurrency exchangers in the country at the end of September 2017.

Cryptocurrency exchanger owned by the company – DAX is no longer functioning, so the BTCC concentrates all its attention on three main products: Mining Pool, cryptocurrency wallet Mobi and bitcoin exchange USD/BTC.

According to the BTCC, which is now registered in the UK, the volume of transactions in cryptocurrency exchanges totaled $ 25 billion in bitcoins in 2017 and mining of the company’s business has brought almost $900 million in bitcoins in the same year.

CoinMarketCap data indicate that in the last 24 hours the volume of trading on USD/BTC on the exchange BTCC amounted to 123 million dollars. She currently ranks eighth in the world rankings.

According blockchain.info that mining pool BTCC has approximately 3.2% of the total hash power of the network.

The post Bitcoin Exchanger Btcc was sold appeared first on FineCrypto.



This post first appeared on Cryptocurrency News, please read the originial post: here

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