Good news for Ethereum Classic holders..
BTCC, the operator of China’s oldest bitcoin exchange, has launched a ‘pure crypto-to-crypto exchange’ in BTCC DAX, with Bitcoin/Ethereum Classic (BTC/ETC) as its first trading pair.
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Launched today at 10:00 AM (UTC) with customer deposits enabled, BTCC DAX will see trading go live tomorrow on Tuesday, June 27th, at the same time.
In an announcement on its website, BTCC added:
BTCC DAX is fully supported by the BTCC customer service team, which provides 24/7 support. Our support team guarantees a response within 12 hours, and is working around the clock to ensure prompt on-boarding of new clients.
The exchange’s decision to launch with the ETC/BTC trading pair follows BTCC CEO Bobby Lee’s public twitter poll in May. The bitcoin executive sought a public vote to enable support for a new digital currency. Nearly 200,000 votes and a fortnight later, Lee announced Ethereum Classic as the cryptocurrency with the most votes in a ‘final four’ list that included Dogecoin, Steem and Monero’s tokens.
BTCC has followed up on that promise to list ETC, albeit in its new all-crypto exchange. The exchange is available to users worldwide.
ETC will be the first among several new cryptocurrencies to be listed on BTCC DAX in the near future. The exchange will notable introduce the ETH/BTC trading pair next week on July 3rd.
As the blockchain that chose not to implement changes to the Ethereum blockchain to rectify the 2016 DAO debacle, Ethereum Classic went as far as being valued above Litecoin by total market capitalization in late May. The Ethereum Classic developer team have since pointed to initial coin offerings (ICOs) that will soon be facilitated on the Ethereum Classic blockchain. ‘No bail outs in $ETC’, the Ethereum Classic team added with a disclaimer earlier this month.
At the time of publishing, Ethereum Classic – like the wider market – has taken a downward turn, losing over 10% in a 24-hour period. Currently ranked #5 on list of the biggest cryptocurrencies, Ethereum Classic has a market cap of just under $1.9 billion.
Since the turn of the year, Ethereum Classic’s ETC token has gained 1440% in value while the overall market cap has risen over 1500%.
Happy Steeming
Good information. I am still wondering why ethereum classic price has not matched that of ethereum. Some people are speculating that the stolen ethereum classic that lead to the fork to ethereum has not been sold off. Does anyone have any clarification on this. Is there any maker to differentiate between the stolen coin and the normal one? It is a great news you gave here and I hope it will impact positively on the price of etc going forward when the market normalizes.
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Hi @yourhelper, the truth haven't out yet and I believe that those stolen coin are still in ETH and ETC blockchain. For now the most impact that will affect ETH and ETC is the upcoming uncontrollable ICOs not the stolen coin. We do not worry on how the stolen coin will be done, but we worry about ICOs that will affect both ETH and ETC.
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The impact of ICOs are meant to be positive on both ETH and ETC so I do not understand the basis for your worry.
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True if the ICO are for real and legit. Take an example of Bancor ICO that raised 150m last week. Till now there are more bad new s coming out from Bancor program and this has cause a turmoil on the exchanges. Here is the link
https://btcmanager.com/bancor-criticized-for-untested-code-after-150m-ico/
Hope they ( Bancor ) will solve this as soon as possible cause due to this problem some exchange platform will need to put BNT wallet in maintenance
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nice
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.cryptocoinsnews.com/chinese-bitcoin-giant-btcc-launches-global-crypto-exchange-dax-ethereum-classic/
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