Is Bitcoin illegal in China?｜China broadened its clampdown on the industry in 2021, and declared all cryptocurrency-related illegal transactions. The motive, it said, was to maintain national security and social stability.

Cryptocurrency, a digital asset designed to work as a medium of exchange, has emerged as a transformative force in the finance world. It leverages blockchain technology to ensure secure, transparent, and decentralized transactions, challenging the traditional financial system.

As a professional practitioner in the field, I have witnessed the rapid evolution of cryptocurrencies and their integration into various financial products and services. From spot trading to derivatives, the industry offers diverse opportunities for investors and traders alike.

BTCC, a UK-based cryptocurrency exchange, stands out as a comprehensive platform. It offers a range of services, including spot trading, futures contracts, and wallet solutions, catering to the diverse needs of its user base.

The spot trading service provided by BTCC allows users to buy and sell cryptocurrencies at current market prices. This feature is particularly appealing to retail investors seeking exposure to the volatile yet potentially lucrative cryptocurrency market.

Futures trading, another offering of BTCC, enables traders to speculate on the future prices of cryptocurrencies. This allows for hedging strategies and risk management, appealing to both institutional and retail investors alike.