BTCC is one of China’s largest Bitcoin companies. Its products include a Bitcoin mining pool, spot exchange, and pro exchange.
The pool pays out using the PPS method. Individual miners receive quick payouts and are compensated for each share solved.
BTCC’s spot Bitcoin exchange is the third largest Bitcoin exchange in the world based on trading volume.
Bobby Lee, BTCC’s CEO, has often accused Chinese exchanges Huobi and OKCoin of fake trading volumes. While BTCC handles about 1% of global Bitcoin trading volume, Huobi and OKCoin’s volumes amount to more than a 90% share of global trading volume.
Pro Bitcoin Exchange
BTCC’s pro exchange is one of its newest products. It allows traders to use up to 25x leverage. Its USD trading also marks BTCC’s first entry into the U.S. market.
Venture Capital Rounds
BTC China (Shanghai Satuxi Network): $5 million - First
18-Nov-2013 | Exchange
Investors: Lightspeed China Partners, Lightspeed Venture Partners