BTC-e
| Industry | Bitcoin Exchange |
|---|---|
| Founded | 2011 |
| Headquarters | Russia |
| Website |
btc-e |
BTC-e is a digital currency trading platform and exchange. It was founded in July 2011 and as of February 2015 handles around 2.5% of all Bitcoin exchange volume. It allows trading between the U. S. dollar, Russian ruble and euro currencies, and the bitcoin, litecoin, namecoin, novacoin, peercoin, and ethereum .
It has been a component of the CoinDesk Bitcoin Price Index since the index started in September 2013.
BTC-e is operated by ALWAYS EFFICIENT LLP, which is registered in London and is listed as having 2 officers: Sandra Gina Esparon and Evaline Sophie Joubert.
BTC-e started in July 2011, handling just a few coin pairs, including Bitcoin/U. S. dollar and I0Coin to Bitcoin. By October 2011, they supported many different currency pairs, including Litecoin to dollars, Bitcoin to rubles and RuCoin to rubles.
On July 31, 2012, BTC-e had their Liberty Reserve API Key compromised, the attacker injected thousands of fake U. S. dollars into the site and used it to disrupt the markets. A large number of Bitcoins were stolen during the attack, some sources estimate the equivalent of $35,000 were taken in Bitcoins. The attackers are still unknown, although BTC-e recovered without taking coins from their users.
During 2013 and 2014, BTC-e had many outages related to Distributed Denial of Service attacks. They later began using the reverse proxy service CloudFlare to help mitigate these attacks, reducing downtime for the exchange.
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