LakeBTC

LakeBTC_Logo.png

LakeBTC project was started in early 2013 as a virtual bitcoin exchange initially for traders and other financial professionals. Later that year, the exchange was incorporated and operated under the current domain name.

The company is based in Shanghai, China, owned by Lake Investments Limited (BVI), supported by Shanghai Trading IT, Inc. Thomas Xie is the CEO. Begun in June 2014, LakeBTC is one of the world's largest exchanges by volume.

In July 2014, LakeBTC has released a "hidden" orderbook feature that it calls its "darkpool", designed to protect investors against "financial predators" waiting to exploit the price distortions created by big trades. Then, they Launched the LakeTrader to help users traded Bitcoin more easily.

Just like Bitstamp, LakeBTC is also Ripple Gateway of IRBA, meaning that users no longer have to wire fiat money LakeBTC's account, Investing commented that "This development should allow more participants into the Bitcoin market, especially those with no access to a bank account."