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Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Leading digital currency exchange BTCC has announced a temporary cut in fees on US dollar-based bitcoin trades, effective 01 March 2017.
“Starting on March 1st, 2017, BTCC USD Exchange will temporarily remove all trading fees, meaning 0% fees for both maker and taker orders. This promotion will continue until March 31st, 2017”, BTCC said.
This means that BTCC will not charge its customers on both sides of trades on BTCC.com, its international exchange site. There is no change in the fee charged on BTCChina.com, its domestic exchange, CoinDesk reported.
Did you know that #BTCC has a USD #bitcoin exchange? Starting tomorrow, you can buy BTC with ZERO trading fees: https://t.co/aoWgu0ExcT pic.twitter.com/SS7GvQ3Qww
— BTCC (@YourBTCC) February 28, 2017
BTCC representative Tendai Musakwa told CoinDesk the “tactical move” aims to outflank competitors by focusing on the exchange's international reach.
"We're now focusing on growing more. Part of that includes learning from experiences operating the longest-running bitcoin exchange”, Musakwa said.
The new promotion follows recent efforts by the People’s Bank of China to ensure regulatory compliance of domestic digital currency exchanges. Earlier this year, the central bank issued a fresh notice to caution users when engaging in bitcoin-related activities and also met with the representatives of leading bitcoin exchanges in the country.
