Every now and then, big news seem to happen and we almost miss the official announcements. Luckily for me, I do check my Twitter feed quire regularly. This is exactly how i came across BTC China’s major announcement today.
More payment options for both deposits and withdrawals have been added to the BTC China platform, as both USD and HKD are now officially supported. By doing so, BTC China is the first Chinese exchange to support no less than three different fiat currencies!
Even though USD and HKD support was available to select group of people on an invite-only basis, all International Account Holders can now make use of it as well. Fun fact : during the invite-only period, BTC China collected several million USD in deposits.
Existing International Account Holders are not required to take any additional action. If you already have a BTC China account, but are registered as a Domestic Account Holder, you will need to open an International Account in order to deposit and/or withdraw in USD and/or HKD.
Once you have made a deposit as a new International Account Holder, you will have access to BTC China’s full range of products and services. Keep in mind that all trades will be conducted in BTC/CNY and LTC/CNY.
‘ “As a global company, BTC China is pleased to accommodate the demands of our users, both domestic and international,” said BTC China CEO, Bobby Lee. BTC China’s users have demonstrated strong demand for the exchange to support other currencies, and this is the first step. Previously, users were only able to make deposits and withdrawals in CNY. As always, trading at BTC China is completely free. BTC China looks forward to continually expanding its products and services to cater to the global market.’
You can find the official press release here :
Personally, I find it intriguing how much funds in USD were collected during the invite-only period. This goes to show there is a massive demand to use USD for transactions, even if the exchange is not US based.
Or maybe exactly because the exchange isn’t US based?