OKCoin Adds Margin Trading to iOS and Android Apps

OKCoin Adds Margin Trading to iOS and Android Apps

OKCoin, a cryptocurrency exchange that offers trades between Bitcoin (BTC), Litecoin (LTC), US Dollar (USD), and Chinese Yuan (CNY), has added margin trading to its iOS and Android apps. “In our continued efforts to build the world’s best retail and institutional blockchain asset exchange, OKCoin has added margin trading to its iOS and Android Apps. OKCoin.cn CNY users can trade on up to 5x margin while OKCoin.com USD users can trade on up to 3.3x margin. Thanks for your feedback and continued support of OKCoin. We hope you like it!” added OKCoin in a statement. OKCoin released the....


Related News

OKCoin Introduces Bitcoin Futures Trading to Mobile Android App

OKCoin has officially updated its mobile Android trading app to include futures trading and new candlestick charts. The new product launch brings features available on OKCoin.com to mobile app users, including 10x leverage on all trades, a profit calculator and bi-weekly, weekly, monthly and quarterly contract types. In an interview, OKCoin international marketing manager Zane Tackett indicated that the China-based company believes the product will appeal to serious traders who need the ability to manage their positions on-the-go and at all times. Tackett told CoinDesk: "It can be a....

OKCoin Introduces Multiple Balances for Trading Flexibility

OKCoin yesterday added a new 'margin management' system to its recently launched Futures trading platform, allowing multiple margin balances for a trader's different positions. Margin management replaces a previous system which allowed only a single margin balance for all positions held. This meant that gains and losses of individual positions had the potential to impact each other by drawing on the same margin balance. An OKCoin representative said: "As a pioneer of crypto-futures trading, OKCoin has devoted time to refining its platform to accommodate the most sophisticated traders in....

Chinese Bitcoin Exchanges Halt Margin Trading: Zero-Fees Next to Go?

As Bitcoin exchanges in China halt margin trading, zero-fee trading may also be on the chopping block as the industry awaits regulation. China Halts Margin Trading Following the inspections conducted by the People’s Bank of China, the country’s ‘Big Three’ Bitcoin exchanges BTCC, OKcoin and Huobi have stopped margin trading services. Although no official statement from the PBoC has been issued regarding the legality of the margin loan services, media reports state that the platforms’ margin trading “violated rules” and resulted in abnormal price volatility. BTCC CEO Bobby Lee reacted to....

OKCoin Puts an End to Bitcoin Margin Trading, Cites Regulations

OKCoin and Huobi, two leading Chinese Bitcoin platforms have stopped offering margin and leveraged trading options in accordance with the new regulatory requirements. The Chinese Bitcoin exchanges are making significant changes to their service offering. These changes follow a recent inspection of cryptocurrency platforms carried out by the People’s Bank of China (PBOC). The latest announcement of such a change comes from OKCoin. In its most recent post, the platform has announced the suspension of margin trading service. The platform’s decision follows the requirements stated by the....

OKCoin Targets International Markets with Margin Trading Launch

In the wake of increasingly strict policies from the People's Bank of China - China's central bank - the country's bitcoin exchanges are beginning to turn their focus to international markets and foreign buyers. For example, on 12th June, BtcTrade announced it would introduce USD trading on its platform. OKCoin is now following suit by announcing new offerings to English-language investors with the relaunch of its previously halted peer-to-peer (P2P) margin trading services. OKCoin now indicates that users of its Chinese-language and new English-language website can take advantage of its....