BTCC, one of the longest-running and once part of the major three trading platforms in China, has announced the re-opening of its exchange business with plans to issue its own tokens.
The company said the new crypto exchange is now officially open with new trading pairs including bitcoin, bitcoin cash, ethereum and litecoin against the US dollar, as well as several crypto-to-crypto trading options.
BTCC further noted that it is planning to add major cryptocurrency assets and is also open to listing more ERC-2o based tokens.
BTCC has also announced a reward system for user registrations. Users will be rewarded with points for completing full registration including ID verification and for trading. The points can be fully converted into BTCC's own tokens, which will be further tradable on its platform.
The company did not reveal a concrete timeline for the launch its token but noted it will be in the next "couple of months."
BTCC had suspended trading last year following the Chinese government clampdown on cryptocurrencies and ICOs.