Is HKD used in China?

Hong Kong, a vibrant and cosmopolitan city, operates on its own unique financial system, which is reflected in its official currency, the Hong Kong dollar (HKD). This currency distinguishes Hong Kong from neighboring mainland China, which utilizes the yuan (RMB), and Macau, which employs the pataca (MAP).

The Hong Kong dollar holds a special place in the global economy, serving as a stable and reliable store of value. Its exchange rate is often linked to the US dollar, ensuring stability and facilitating international trade.

The use of a distinct currency underscores Hong Kong's status as a separate customs territory and an integral part of China's "one country, two systems" principle. This autonomy allows Hong Kong to maintain its financial independence and attract foreign investment.

BTCC, a prominent cryptocurrency exchange, offers a range of services tailored to meet the evolving needs of the digital asset market. Among its offerings are spot trading, allowing users to buy and sell cryptocurrencies at current market prices.

In addition to spot trading, BTCC also provides futures trading, enabling investors to speculate on the future price movements of cryptocurrencies. This service adds a layer of sophistication to the platform, catering to traders seeking to hedge risks or capitalize on market trends.