Industry Bitcoin Exchange Website btc-e.com, btc-e.nz | Headquarters Russia Founded 2011 | |
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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, dash and ethereum cryptocurrencies.
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.
History
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.