The Digital Source For China's Tech Innovation Since 2000

Search
Close

Chinese Bitcoin Trading Platform Gains USD5 Million Investment

November 19, 2013
Business | Internet | Security

BTC China, one of the largest Bitcoin virtual currency trading platforms in China, announced that the company has completed its first-round financing and gained total investments of USD5 million from Lightspeed China Partners and US-based Lightspeed Venture Partners.

According to statistics provided by Bitcoinity.org, over the past few weeks, BTC China's trading volume exceeded Mt. Gox and BitStamp, two other major Bitcoin trading platforms in the world, making it the largest Bitcoin trading platform worldwide. The daily trading volume of BTC China reached nearly 90,000 Bitcoins during peak times, representing daily trading values of over CNY200 million.

Born in 2009, Bitcoin is created basing on a set of complex algorithms. The original Bitcoin software by Satoshi Nakamoto was released under the MIT license. Bitcoin uses peer-to-peer technology to operate with no central authority and it can realize worldwide circulation via any computer that accesses the Internet.

During the past few years, Bitcoin has become the fastest growing virtual currency. In China, many Chinese Internet companies, including Baidu, accept payment with Bitcoin. In other countries, Bitcoin has gained wider acceptance and over 10,000 Internet vendors accept this virtual currency.

Tags: bank | bitcoin | BTC China | e-commerce | finance | Internet bank | investment | Lightspeed | online bank | venture capital | virtual currency

Other Related News:

Alibaba, Tencent fined in China crackdown

November 21, 2021

Tower Bridge Advisors Acquires 12,182 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

September 14, 2021

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Colony Group LLC

November 14, 2021

Leading cross-border fintech startup Dowsure raised $20 million to fuel the growth of millions of cross-border e-commerce sellers in China

February 22, 2022

STARTUP DIGEST: Freshworks lists on Nasdaq, OYO IPO to have $300-mn secondary component, China bans crypto

September 27, 2021

Griffin Asset Management Inc. Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

January 2, 2022

Tom Online Says Goodbye To 8282

September 4, 2007

KBC Group NV Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

January 17, 2022

UTStarcom Gains USD48.5 Million From Three Investors

February 3, 2010
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....