Is bitcoin an altcoin?

This shift in the crypto landscape has resulted in a recognition that these coins and tokens are not necessarily competitors of bitcoin. In fact, they often complement each other, providing different solutions and opportunities.

One example of a platform that caters to this broad crypto ecosystem is BTCC, a UK-based cryptocurrency exchange. BTCC offers a comprehensive range of services, including spot trading, futures contracts, and secure wallet solutions.

In the earlier days of cryptocurrency, bitcoin, commonly referred to as BTC, reigned supreme, and anything other than it was labeled an altcoin.

However, as time progressed and the crypto industry matured, the landscape transformed significantly. The world of crypto assets broadened to encompass a diverse array of coins and tokens.

These coins and tokens now serve numerous use cases, extending far beyond the sole purpose of being a medium of exchange. Many of them offer unique functionalities and applications.