A New Exchange Is Ready To Serve The Crypto Market
By Luke Flowers – Crypto Broker
In all the markets, either traditional or digital, there is always space for new entrants to enhance and widen its scope and availability. Similarly, there are already a good number of exchanges and those trading as a Bitcoin broker such as us at BC Bitcoin for users to gain access to buy and sell cryptocurrency.
A new exchange under the name of AAX was initiated in November 2019. So far, it is reported to be the first exchange powered by LSEG Technology (delivers infrastructure to the London Stock Exchange Group). Their aim is ‘a mission to connect crypto to global finance’ and have planned many different offers like tokenized commodities and indexes as well as the addition of security tokens and social trading programs. This may attract large investors holding Bitcoin but do not know how to sell Bitcoin in the UK.
The CEO of AAX, Thor Chan, considers the Bitcoin halving as a constructive and revolutionary event. He is confident that the crypto market has the potential to expand beyond expectations and reach a true equilibrium in global finance with many hoping to make a Bitcoin investment using traditional financial instruments. You can already buy Bitcoin for an investment over on our platform as well as sell BTC. However, Chan believes tokenization has the potential to tap into gold markets valued at over $8 trillion and even global stock markets valued at $80 trillion.
The company is ready to serve once cryptocurrency becomes more mainstream and has quoted over 50 cryptocurrency pairs. Coins can even be traded with 100x leverage such as Ether (ETH), Bitcoin (BTC), Litecoin (LTC), EOS, and XRP. ‘The faster the better’ is one of the beliefs of AAX for attracting more traders into crypto buying and new people into buying crypto.
Don’t forget you can find all your services to Buy and Sell Bitcoin in the UK over on our platform!
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards