BTCC Exchange

BTCC is a centralized cryptocurrency exchange operating continuously since 2011. While originally established as a spot trading venue in China, the platform now specializes in perpetual futures contracts with up to 250x leverage, alongside a spot market, copy trading, and an educational academy.

Corporate history and leadership

BTCC was founded in June 2011 under the name BTC China by Bobby Lee, Yang Linke, and Huang Xiaoyu. In November 2013, the platform raised $5 million in a Series A funding round backed by Lightspeed China Partners and Lightspeed Venture Partners, temporarily becoming the largest Bitcoin exchange by trading volume globally. After rebranding to BTCC in 2015, the exchange ceased operations in mainland China in September 2017 following domestic regulatory bans. An investment firm in Hong Kong acquired the platform in January 2018, pivoting its headquarters to Hong Kong and refocusing operations on international crypto derivatives. Dan Liu was appointed as chief executive officer in May 2025.

Trading products and custody mechanics

BTCC functions on a centralized custody model where user funds are maintained in segregated 1:1 storage. Users deposit digital assets directly via supported blockchain networks or purchase USDT using Visa and Mastercard bank cards. Trading encompasses perpetual futures contracts with cross or isolated margin settled in USDT, USDC, or underlying coins, offering up to 250x leverage. In May 2024, BTCC expanded its offering by rolling out spot trading. A copy trading engine also allows participants to automatically mirror position orders placed by designated lead traders.

Fee structure and account limits

Spot trading fees start at a flat 0.20% maker and 0.30% taker rate without volume discounts. Futures contracts carry base maker fees of 0.025% and taker fees of 0.045%, which scale down via a VIP tier system based on rolling trading volume or account balance rather than a proprietary token. The exchange also runs promotional zero-fee trading on selected trading pairs. Crypto deposit fees are zero, while card-based fiat purchases incur a 200 USDT minimum requirement. Crypto withdrawal network fees vary dynamically by asset and network, with no direct fiat withdrawal options supported.

Availability and compliance risks

BTCC serves international clients, though it enforces regional restrictions in jurisdictions including mainland China. South Korea's Financial Services Commission designated BTCC as an unregistered foreign exchange in August 2022, requesting local website access blocks. Users must complete identity verification (KYC) to unlock full account limits and features. To demonstrate solvency, the exchange publishes monthly Merkle tree Proof of Reserves reports covering major currencies, which recorded reserve coverage of 136% in April 2026. Key risks include custodial counterparty exposure, lack of fiat off-ramps, and high liquidation exposure inherent in 250x leveraged derivatives.