BTCC Bitcoin China returns strongly, contract transaction volume exceeds 1 billion

While the virtual currency spot market is sluggish, the futures market is booming. The spot CFD platform BTCC Global, a subsidiary of the established exchange BTCC (Bitcoin China), has seen a trading volume of over RMB 1 billion in the past 24 hours , with more than 10,000 daily active users. It seems that BTCC (Bitcoin China) has reached a new level.

Founded in 2011, BTCC, as the oldest exchange in China, has created many milestones in the history of the currency circle. In 2012, the platform's Bitcoin trading volume accounted for more than 80% of the domestic market, ranking second in the world . Before the September 4th Incident, BTCC's trading volume was the highest in China, but after September 4th, BTCC chose to close the domestic spot exchange, missing the subsequent big market trend. The editor also felt sorry for it. Subsequently, BTCC was acquired by the Hong Kong Blockchain Investment Fund, involving the BTCC trademark, the entire technical team, the mining pool "Guochi", Mobi wallet, and the US dollar spot exchange. After the acquisition, BTCC began to fade out of the domestic currency circle. In this way, OKEX, Huobi, and Binance have the opportunity to rise. Now BTCC has returned strongly with the CFD platform BTCC Global. I believe that OKEX, Huobi, Binance, etc. will feel pressure.

The editor learned from the official website of BTCC Global that BTCC Global is a digital asset contract exchange under the BTCC Group, mainly providing mainstream digital asset contract trading services such as Bitcoin, Litecoin, and Ethereum to global investors.

The spot CFDs pioneered by this platform are somewhat different from the general futures contracts on the market. The contract pricing is based on the weighted average of several exchanges, which effectively avoids the risk of malicious manipulation by the main force leading to a fixed-point liquidation . This is good news for small investors. After all, in other futures exchanges, some inexplicable surges and plunges often lead to liquidations. The editor randomly cut a comparison between the OKEX BTC weekly contract daily chart and the BTC spot daily chart, as follows (the left is the OKEX BTC weekly contract daily chart, with an up and down amplitude of more than 30%):

What retail investors fear most is not the normal ups and downs of the market, but the malicious manipulation of the market to make money. As a retail investor, I feel that it is more reliable to choose platforms that are difficult to manipulate prices. I tried to download the PC software of BTCC Global and found that there are currently 9 types of contracts on this platform. I believe that so many types of choices can meet the needs of most users at the same time:

In addition, the editor contacted BTCC Global's customer service and learned that this current spot CFD platform also has the characteristics of fiat currency deposits, no margin sharing, and low transaction thresholds . The margin adopts a tiered margin system , which is determined by the number of transactions and will not change with price changes. It is more flexible than the full-position margin or position-by-position margin system currently on the market.

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