New Hong Kong Bitcoin exchange HKCEx announces $2M investment

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The Hong Kong-based HKCEx, a new Bitcoin exchange service that claims to be the world’s most secure Bitcoin trading platform, just secured an investment of $2 million, backed by local financial organizations and private investors.

According to a statement released by the company, the first trench of investments will be used to “create a high-load trading infrastructure, merchant platform and to promote and popularize the HKCEx brand”, launched in September of 2013.

“The base of the principles of our company is the interests of our clients. Every step we take is adapted to their prosperity and needs”, says the company’s CEO Pheng Cheah.

“It is no secret nowadays there are several large exchanges in the world. However all of them experience difficulties working with fiat currencies. Our exchange won’t have these shortcomings”, he assured.

logoThe exchange plans to attract traders from Asia, the United States, Canada, Europe, Australia, Russia and Latin American countries thanks to guaranteed access to various processing centers. It will allow the clients to deposit and withdraw funds using different methods, from credit cards to electronic payment systems.

Besides, HKCEx guarantees its system was “designed to become the most secure Bitcoin trading platform in the world” with two-factor authentication and SSL-connections. The traders’ accounts will also be secured by means of AES-256 encryption and all the security-related information will be saved on offline servers.

Image from Wikimedia

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Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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