London based Exchange Indacoin has launched China UnionPay

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London based Exchange Indacoin has launched China UnionPay (CUP) payments that will allow users from China buy bitcoins & litecoins with their banking card. The minimum amount is 10$ and the maximum is 2000$ per transaction. TheBitcoinNews readers can add the funds via CUP without any fees till the end of July. To use that option just create a ticket with the following text: TheBitcoinNewsCUP bonus”.

Indacoin not only offers the service for buying bitcoins instantly with a debit/credit card without registration, but also has a trading platform with a margin trading, professional API, zero fee for execution of a limit order. And all the clients of the exchange currently earn 15% annually on those funds, that they keep within the platform. This interest is calculated on the free USD balance and paid on a daily basis.

“As far as Chinese market was closed to Visa & Mastercard till this year, more than 70% of population uses China Union Pay there. So though such integration we d like to expand our operations to a new market” Indacoin CEO Stanislav Kosorukov said. He also added that in August Chinese clients would be able to sell bitcoins and withdraw funds to their CUP cards.