The Hong Kong-based Blochen Investment Fund was acquired on the Chinese BTCCplatform, formerly considered the "Big Three" platform.
In this week's announcement, "BTCC" confirmed this by the Hong Kong Investment Fund. While the details are still rare and the terms of the deal are undisclosed, joining this new life introduced to your former Betquin client, first known as the "BTC" China, allegedly the oldest platform for the circulation of Betquin in the world. The BTCC platform explained the accession process that it will help the company shift its focus to the international market after China's severe restrictions have led to the closure of local digital currency platforms on a large scale. Bobby Lee, co-founder of the BTCC platform, said:
"The accession process, which has become an important milestone for the BTCC platform, underscores our hard work over the past few years. I am very excited about the resources that will be given to the "BTCC" platform to move faster and grow strongly through 2018 and beyond "
With his optimism about the future of the new "BTCC" platform, Lee said that new resources will catalyze the platform to drive every part of the digital currency ecosystem, including pooling, payments and trading. The **BTCC **cluster, or the BTCC mining cluster, will remain one of three core products in the new platform business model, along with the Mobi portfolio and the dollar-backed digital currency. BTCC is no longer the operator of the DAX, the digital currency platform launched in June 2017. "The DTC," the vice president of the BTCC platform, said:
"We now have the resources to fully realize our vision of maintaining the stability of the digital currency blockers"
At the time of publication, data from Blockchain.infoshows that the BTCC mining pool represents 2.8% of the total retail rate of the Betcone. The BTCC platform, along with the rest of the emerging Pitquin companies in China, also witnessed the first inspection by the authorities in January 2017 after central bank officials made field visits to several local exchanges. This led to the BTCC platform suspending user withdrawals from Bitqcoin in mid-February before the eventual lifting of the ban in June.
In mid-September, the Chinese authorities were ordered to shut down the Bitcoin platforms, prompting the "BTCC" to suspend trading immediately before closing operations on 30 September 2017. After its forced relocation, the BTCC platform has since relocated from Shanghai to London .