In the fast-evolving world of digital currencies, Bitcoin China stands as a pioneering name that helped shape the early landscape of cryptocurrency adoption in Asia. Originally launched as a leading cryptocurrency exchange platform, Bitcoin China has undergone significant transformation over the years—shifting from a trading-focused business model to a diversified ecosystem centered around mining, wallet infrastructure, and currency conversion services.
This article explores the journey of Bitcoin China, its core offerings today, leadership insights, corporate history, and strategic pivots in response to regulatory and market dynamics—all while maintaining relevance in the global crypto conversation.
From Exchange Pioneer to Infrastructure Innovator
Bitcoin China, once known as one of China’s earliest and most prominent digital asset exchanges, provided users with trading access to major cryptocurrencies like Bitcoin (BTC) and Litecoin (LTC). The platform offered real-time market data via its mobile application, enabling traders to monitor price movements and execute transactions efficiently.
However, following increased regulatory scrutiny in China around cryptocurrency trading activities, Bitcoin China made the strategic decision to discontinue its DAX digital asset exchange operations. This shift aligned with broader national policies restricting crypto trading platforms.
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Instead of exiting the industry altogether, Bitcoin China repositioned itself by focusing on three key areas:
- BTCC Mining Pool: A high-performance Bitcoin mining pool supporting global miners.
- Mobi Bitcoin Wallet: A user-friendly mobile wallet for secure BTC storage and transfers.
- USD/BTC Exchange Service: A compliant service facilitating fiat-to-crypto conversions outside restricted jurisdictions.
These services reflect a long-term vision focused on decentralized infrastructure, user empowerment, and compliance with international financial standards.
Leadership: Visionaries Behind the Brand
The strength of Bitcoin China lies not only in its technology but also in its founding team—visionaries who were ahead of their time in recognizing blockchain’s potential.
Li Qiyuan – Co-Founder & Former CEO
Li Qiyuan is a seasoned tech entrepreneur and blockchain pioneer. With a Master’s degree in Computer Science from Stanford University, he held senior engineering and executive roles at Yahoo!, EMC, PPTV, and Walmart China before entering the crypto space.
As co-founder and CEO of Bitcoin China (BTCC), Li played a pivotal role in scaling the platform into one of Asia’s top exchanges during the early 2010s. He later founded Ballet, a hardware wallet company aimed at making cryptocurrency ownership accessible to mainstream users.
Li is also the author of "The Promise of Bitcoin", a thought-provoking exploration of Bitcoin’s societal and economic implications. His career trajectory reflects a consistent commitment to innovation at the intersection of finance and technology.
Yang Linke – Co-Founder & Early Advocate
Yang Linke, another co-founder of Bitcoin China, brought both technical insight and educational expertise to the project. A former mathematics teacher and researcher, Yang was instrumental in promoting blockchain literacy in China’s early crypto community.
Despite stepping back from active management, Yang remains a respected figure in decentralized finance circles. In 2023, he confirmed that all original shareholders—including himself, Li Qiyuan, Lightspeed Capital, and Huang Xiaoyu—had fully exited their stakes in BTCC through a 100% equity transfer to a Hong Kong-based investment fund.
While financial details were not disclosed, this move signaled a clean break from past ownership structures and reinforced the company's new direction under institutional stewardship.
Corporate Background & Registration Details
Bitcoin China operates under Shanghai Satuxi Networks Limited (工商全称: 上海萨图西网络有限公司), a company registered in Shanghai’s Pudong New Area.
Key registration details include:
- Legal Representative: Shi Tianyu
- Date Founded: July 9, 2013
- Registered Address: Room 349, Building 2, No. 526 Gaoxiang Road, Pudong New Area, Shanghai
Though the original exchange platform is no longer active in mainland China, the brand continues to influence global crypto infrastructure development through its affiliated products and partnerships.
Strategic Transitions: Exiting Trading, Expanding Infrastructure
In January 2019, Bitcoin China announced it had sold its stake in ZG.COM—a Singapore-based digital asset exchange it previously invested in—to a Dubai-based crypto foundation. While terms remained undisclosed, this divestment underscored its broader strategy of exiting direct exchange operations.
Simultaneously, the company emphasized ongoing support for user assets:
“We will continue to provide withdrawal services for existing accounts.”
— Official Statement, Bitcoin China
To manage dormant accounts efficiently, a monthly maintenance fee was introduced for users who had not completed withdrawals—an operational measure common among legacy platforms ensuring long-term custodial sustainability.
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This approach balances user responsibility with platform viability—an important consideration as more projects face legacy account challenges.
Core Keywords & SEO Focus
To align with search intent and improve discoverability, this article naturally integrates the following core keywords:
- Bitcoin China
- BTCC
- Bitcoin mining pool
- Mobi wallet
- Cryptocurrency exchange
- Blockchain infrastructure
- Crypto wallet
- USD to BTC service
These terms reflect both historical interest and current demand for information about BTCC’s evolution and services.
Frequently Asked Questions (FAQ)
Q: Is Bitcoin China still operating as a cryptocurrency exchange?
No. Bitcoin China discontinued its DAX digital asset exchange operations in compliance with Chinese regulations. It no longer offers trading services within mainland China.
Q: What services does Bitcoin China offer now?
Today, Bitcoin China focuses on three main products: the BTCC mining pool, the Mobi Bitcoin wallet, and a USD/BTC exchange service available outside restricted regions.
Q: Who owns BTCC now?
BTCC’s equity was fully transferred to a Hong Kong-based investment fund. All original shareholders—including Li Qiyuan, Yang Linke, and Lightspeed Capital—have exited their positions.
Q: Can I still withdraw funds from my old Bitcoin China account?
Yes. The platform continues to support withdrawal requests. However, inactive accounts may incur monthly maintenance fees until withdrawal is completed.
Q: Where is Bitcoin China registered?
It is registered under Shanghai Satuxi Networks Limited in Shanghai, China, founded on July 9, 2013.
Q: What happened to ZG.COM after Bitcoin China’s investment?
Bitcoin China’s stake in ZG.COM was acquired by a Dubai-based crypto foundation. ZG.COM now operates independently across multiple jurisdictions including Singapore, Estonia, and Seychelles.
Looking Ahead: Relevance in a Changing Crypto Landscape
While Bitcoin China no longer functions as an exchange in its original form, its legacy lives on through infrastructure innovation and thought leadership. The shift from trading to mining and wallet development mirrors broader industry trends—where sustainable value is built not just on speculation, but on real utility.
As global regulators refine frameworks for digital assets, companies like BTCC demonstrate how early pioneers can evolve responsibly while contributing to decentralized finance ecosystems.
Whether you're researching historical crypto ventures or evaluating current infrastructure players, understanding Bitcoin China’s journey offers valuable insights into resilience, adaptation, and long-term vision in the blockchain era.
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