BTCC the world’s oldest bitcoin exchange unit has announced that it has been acquired by a Hong Kong- based block chain investment fund.
This acquisition by a Hong Kong-based blockchain investment fund is a turning point for BTCC as this shift in ownership will mean a shift from the Chinese market to focusing on making digital currencies available to everyone globally.
“Today’s acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years,” said Bobby Lee, CEO and co-founder of BTCC, in a statement. “I’m very excited about the resources this gives BTCC to move faster and agressively grow our 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 are 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 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’ blockchain. Going forward we’ll provide better , fairer and more transparent, and more comprehensive mining services to our customers worldwide.
Ma, who has several years of product design experience at Alibaba among other companies, said:
Mobi, the global multi-currency wallet that we introduced in March 2017 now has customers from more than 180 countries.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.
For the most recent cryptocurrency news follow us on Twitter and Instagram @mntrendsblog or like us on Facebook “Mntrends Blog” Or you may simply subscribe to our newsletter below.