BTCC, the operator of China’s oldest bitcoin exchange, has launched a ‘pure crypto-to-crypto exchange’ inward BTCC DAX, with Bitcoin/Ethereum Classic (BTC/ETC) every bit its get-go trading pair.
Launched today at 10:00 AM (UTC) with client deposits enabled, BTCC DAX volition come across trading decease alive tomorrow on Tuesday, June 27th, at the same time.
In an announcement on its website, BTCC added:
BTCC DAX is fully supported past times the BTCC client service team, which provides 24/7 support. Our back upward squad guarantees a response inside 12 hours, as well as is working unopen to the clock to ensure prompt on-boarding of novel clients.
The exchange’s determination to launch with the ETC/BTC trading couplet follows BTCC CEO Bobby Lee’s world twitter poll inward May. The bitcoin executive sought a world vote to enable back upward for a novel digital currency. Nearly 200,000 votes as well as a fortnight later, Lee announced Ethereum Classic every bit the cryptocurrency with the close votes inward a ‘final four’ listing that included Dogecoin, Steem as well as Monero’s tokens.
BTCC has followed upward on that hope to listing ETC, albeit inward its novel all-crypto exchange. The telephone commutation is available to users worldwide.
ETC volition hold upward the get-go alongside several novel cryptocurrencies to hold upward listed on BTCC DAX inward the close future. The telephone commutation volition notable innovate the ETH/BTC trading couplet adjacent calendar week on July 3rd.
As the blockchain that chose non to implement changes to the Ethereum blockchain to rectify the 2016 DAO debacle, Ethereum Classic went every bit far as being valued to a higher identify Litecoin by amount marketplace seat capitalization inward belatedly May. The Ethereum Classic developer squad lead maintain since pointed to initial money offerings (ICOs) that volition before long hold upward facilitated on the Ethereum Classic blockchain. ‘No bail outs inward $ETC’, the Ethereum Classic squad added with a disclaimer before this month.
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At the fourth dimension of publishing, Ethereum Classic – similar the wider marketplace seat – has taken a downward turn, losing over 10% inward a 24-hour period. Currently ranked #5 on listing of the biggest cryptocurrencies, Ethereum Classic has a marketplace seat cap of only nether $1.9 billion.
Since the plough of the year, Ethereum Classic’s ETC token has gained 1440% inward value piece the overall marketplace seat cap has risen over 1500%.
Featured picture from Shutterstock.