BTCC Has Been Acquired
BTCC Has Been Acquired; Will Shift Focus to International Pool, Wallet, and Exchange Markets
BTCC, the company behind the longest-running bitcoin exchange, today announced that it has been acquired by a Hong Kong-based blockchain investment fund.
“Today’s acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years,” said Bobby Lee, co-founder of BTCC. “I’m very excited about the resources this gives BTCC to move faster and aggressively grow our businesses in 2018 and beyond.”
Calvin Cheng, a Singaporean businessman, former Singaporean parliamentarian, and World Economic Forum Young Global Leader who advises the Hong Kong blockchain investment fund, said, “We’re humbled that we were able to acquire BTCC. BTCC has an unparalleled brand and reputation, and we look forward to taking it to greater heights of success internationally.”
BTCC officials said the company will now focus exclusively on the international market and its three major products — BTCC Pool, Mobi, and USD Exchange, which will be led by Denver Zhao, Mark Ma, and Aaron Choi, respectively.
Zhao, who has several years of sales experience and an MBA from the University of Strathclyde, said that the acquisition would allow BTCC to realize its vision of global digital currency adoption.
“We now have the resources to more fully realize our vision of safeguarding and stabilizing digital currencies’ blockchains,” said Zhao, BTCC’s senior vice president of BTCC Mining Pool. “Going forward, we’ll provide better, fairer, more transparent, and more comprehensive mining services to our customers worldwide.”
Ma, who has several years of product design experience at Alibaba and other companies, said the acquisition would allow BTCC to sharpen its competitive edge globally.
“Mobi, the global multicurrency wallet that we introduced in March 2017, now has customers from more than 180 countries,” Ma, vice president of BTCC Mobi said. “The capital injection we received today gives us a boost towards reaching our goal to grab a dominant market share in the payments and digital currency industries of each of those countries.”
Choi, has many years of startup management experience at RockYou, Tapjoy, Chinapex, and other companies, said BTCC would use its experience operating the longest-running bitcoin exchange to provide the most accessible digital currency services going forward.
“We gathered ample experience, expertise, and customer feedback over seven years of operating the longest-running and most trusted bitcoin exchange,” said Choi, vice president of BTCC Exchange. “The acquisition gives us resources to more effectively apply our unparalleled industry knowledge to provide customers with the most accessible digital currency services.”
Lee expressed optimism about BTCC’s future.
“I’m excited about this new chapter in BTCC’s future — the acquisition poises us for success in 2018 and beyond,” Lee said. “The resources we’ll gain and the new set of experienced and talented executives we’ll have joining the BTCC team give us impetus to lead every segment of the digital currency ecosystem, including the pool, payments, and exchange businesses.”
BTCC was founded in 2011, and plays a leading role in every segment of the bitcoin ecosystem, offering a digital currency exchange, mining pool, and consumer wallet. The diverse products and services BTCC offers allow its customers to engage in all aspects of the digital currency spectrum in one integrated platform.
Headquartered in Hong Kong, BTCC serves a global customer base and has become an industry leader for security, risk mitigation, credibility, and technological innovation. BTCC’s mission is to provide the world with the most convenient and trustworthy digital currency services. For more information about BTCC, please visit https://www.btcc.com/.
About BTCC Pool
BTCC Pool, which was launched in October 2014, is the most reliable and transparent digital currency pool, offering low fees, and guaranteed payments. BTCC Pool boasts 100 percent transparency in reward distribution, giving miners peace of mind that there are no hidden hash rate reductions. BTCC Pool has maintained 99.999 percent uptime since it was launched. For more information about BTCC Pool, visit https://pool.btcc.com/.
Mobi (https://www.mobi.me/) is a digital wallet app that allows storage, conversion, and transfer of more than 100 currencies, including bitcoin, litecoin, ethereum, and bitcoin cash. All that is needed to use Mobi is a mobile phone number and an iOS or Android smartphone; there are no complicated signup and login procedures. Mobi is available worldwide in 15 languages, used in more than 180 countries, and has desktop and app versions. Learn more by visiting https://mobi.me/. Download the app on the iTunes App Store (https://bt.cc/mi) or Google Play Store (https://bt.cc/ma), and use the web version on https://web.mobi.me/.
About BTCC Exchange
BTCC Exchange is a BTC/USD exchange from the company behind the longest-running bitcoin exchange in the world. In creating its exchange, BTCC consolidated, crystallized, and applied customer feedback from seven years of operation to create the ideal exchange — one that is easy to use and access, with an intuitive interface that creates an effortless trading experience. BTCCExchange is also geared for dedicated traders too, with a customizable and complementary library of over 100 technical indicators, WebSocket API, and a fast trading engine. For more information about BTCC USD Exchange, visit https://exchange.btcc.com/.