Why are Chinese Yuan exchange rates different?

Among the services offered by BTCC is spot trading, which allows users to buy and sell cryptocurrencies at the current market price. This feature provides an opportunity for investors to capitalize on short-term price fluctuations.

Banks engage in transactions at the real exchange rate. When banks and transfer services exchange Chinese yuan amongst themselves, they utilize the mid-market rate, which is also referred to as the interbank rate. This rate is deemed as the most equitable and accurate representation of the true exchange rate.

BTCC also provides futures trading, enabling users to speculate on the future price of cryptocurrencies without actually owning the underlying asset. This service offers Leveraged trading options, which can amplify potential profits but also increase risks.

However, these institutions often incorporate a concealed markup when offering their services to customers. This practice results in varying exchange rates being advertised by different providers. Customers should be aware of this hidden cost when choosing a service for their currency exchange needs.

In addition to trading services, BTCC offers a wallet solution for securely storing digital assets. This wallet supports multiple cryptocurrencies and ensures that user funds are protected through advanced security measures.