BTC-e exchange enables trading in Chinese offshore CNH

Thursday 3 April 2014 10:48 CET | News

BTC-e, a Chinese exchange, will begin trading in Chinese ‘offshore yuan’ (CNH), thus becoming an international Bitcoin exchange to offer both USD and CNY.

As a result, btc-e clients can trade 3 new instruments, which are now available in their btc-e MetaTrader4 and WebTrader platforms, under the following symbols: USD/CNH (available on WebTrader only), BTC/CNH and LTC/CNH.

‘Offshore yuan’ (CNH) refers to the amounts of Chinese (CNY) available for trade on international markets by businesses. It is the fourth fiat currency offered for trading on BTC-e, the others being USD, EUR and RUB. It also allows trading between these currencies, as well as Bitcoin and a selection of seven alternative crypto-currencies including litecoin, namecoin and peercoin.

To fund a BTC-e account with CNH, users must wire money via a National Australia Bank (NAB) account in Sydney.

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Keywords: BTC-e, China, exchange, Bitcoin, CNY, USD, EUR, LTC
Categories: Payments & Commerce
Countries: World
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