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BTCC Exchange Unveils Enhanced Trust Center Amid 15th Anniversary Celebrations
BTCC, the world’s longest-serving cryptocurrency exchange, has announced the launch of its refreshed Trust Center as part of its 15th anniversary celebrations. This initiative underscores the exchange's commitment to security, which has been a foundational principle since its inception.
15 Years of Building Trust
As BTCC participates as a Platinum Sponsor at TOKEN2049 Singapore, Alex Hung, Head of Operations, reflects on the exchange's resilience through various market conditions. He emphasizes that while many exchanges focus on competitive fees and product offerings, BTCC has prioritized security and trust over the years.
The Refreshed Trust Center
The updated Trust Center consolidates BTCC’s security measures and financial protections, which include:
- Multi-signature cold storage
- 1:1 asset storage
- Multi-layer risk monitoring
- 24/7 AML controls
- Independent security audits by CertiK, Chainalysis, Forter, and SEON
- Monthly Proof of Reserves with a total reserve ratio of 100%
- $25.5 million Risk Reserve Fund to buffer against market disruptions
Since its founding in 2011, BTCC has recorded $0 in hacker theft, reinforcing its commitment to security through its '0 Panic' initiative, which includes zero trading fees across over 380 pairs.
Expanding Beyond Crypto
BTCC is also expanding its offerings beyond cryptocurrency, providing access to US stocks, gold, forex, and commodities, reflecting the evolving needs of traders who seek seamless transitions between asset classes.
Aiming for Standards, Not Size
When asked about BTCC’s ambitions, Hung stated that the exchange is not focused on becoming the largest but rather on raising industry standards. He envisions a future where the lines between crypto and traditional finance are more fluid, aiming to build a platform that is secure, compliant, and globally connected.
Traders attending TOKEN2049 Singapore are invited to visit the BTCC booth for interactive activities and exclusive merchandise.
FAQ
What is the purpose of BTCC's refreshed Trust Center?
The refreshed Trust Center aims to consolidate BTCC’s security measures and financial protections, reinforcing the exchange's commitment to security and trust as part of its 15th anniversary celebrations.
What security measures does BTCC implement?
BTCC implements several security measures including multi-signature cold storage, 1:1 asset storage, multi-layer risk monitoring, 24/7 AML controls, independent security audits, and a monthly proof of reserves with a total reserve ratio of 100%.
How has BTCC maintained its security record?
Since its founding in 2011, BTCC has recorded $0 in hacker theft, thanks to its '0 Panic' initiative and robust security protocols.
What new offerings is BTCC expanding into?
BTCC is expanding its offerings beyond cryptocurrency to include access to US stocks, gold, forex, and commodities, catering to the evolving needs of traders.
What is BTCC's vision for the future of finance?
BTCC aims to raise industry standards rather than focusing on becoming the largest exchange, envisioning a future where the lines between crypto and traditional finance are more fluid and building a secure, compliant, and globally connected platform.