Bitcoin Magazine reports that BTCC officially launches 20x leverage professional trading

"If you want to buy a large amount of Bitcoin, Pro Exchange can help you do it quickly," said Li Qiyuan in an interview with Bitcoin Magazine. Miners who want to hedge against falling prices, miners looking for arbitrage opportunities, as well as professional traders and speculators will find Pro Exchange very useful.

“We are the first exchange to launch a completely new trading platform,” Lee said. “We will rewrite the rules instead of waiting to be marginalized. We will use this trading platform to innovate ourselves, which is a huge change. I guarantee that this kind of trading will be adopted by other companies.”

Spot trading actually involves borrowing and lending Bitcoins to trade, and returning the Bitcoins once the individual trade is complete. If a user holds 1 Bitcoin and its price increases by $10 before selling it, he will make a profit of $10. However, if Bitcoin is borrowed with a 20x leverage, the user will actually hold 20 Bitcoins to trade. If the price increases by $10, the user will actually make a profit of $200. In this way, the user gains greater purchasing power than in actual trading.

BTCC charges two parts. "Users need to pay a handling fee for opening a new position (long or short)," said Li Qiyuan, "and a holding fee charged for 20x leverage, which is similar to an interest rate and very competitive." For details of the fees, please see https://bt.cc/p.

“Pro Trading is also the first platform to allow users to earn interest,” Lee said. Essentially, if users are willing to lend Bitcoin to other traders, they will earn interest on top of BTCC’s fees.

Not long ago, Bitcoin China changed its name to BTCC. After the name change, BTCC launched the "Pro Exchange-Professional Trading" product for the first time, and will launch more solutions in the future.

“Our mission is to provide the most reliable and convenient digital currency services to the world,” said Li Qiyuan. “This includes commercial payments, remittances and user wallets that will be launched later this year, as well as a series of new products that will be launched soon.”

In Li Qiyuan's words, BTCC's goal is to build "a world-class exchange serving global Bitcoin users", and professional trading is just the first step to achieve this goal.