OKCoin Launches Margin Trading With P2P Lending and Two Investment Funds
OKCoin, China's largest Bitcoin exchange and one of the world's largest digital currency exchange by volume, funding, users, and page views, announced today the launch of a new Margin Trading feature through Peer to Peer (P2P) lending. OKCoin's users will now be able to borrow and lend bitcoins and fiat as well as invest in two new interest yielding funds, the "OK Standard Fund" and the "OK VIP Fund." From today, traders will be able to borrow up to 3 times their capital or lend their funds for an interest rate and loan duration of their choice without any risk as the exchange guarantees....
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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....
The largest bitcoin exchange in China at the moment - OKCoin - has announced on Friday the release of peer-to-peer margin trading features in a move that hopes to keep business running strong. According to the announcement, the exchange is now allowing for borrowing and lending in addition to two new interest-yielding investment funds dubbed the 'OK Standard Fund' and the 'OK VIP Fund'. OKCoin's p2p lending market allows users to take advantage of up to 3x leverage at an interest rate and loan duration of their choice. Meanwhile, users can earn interest on their idle funds by lending to....
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....
OKCoin.com, the international arm of China's OKCoin, has introduced a peer-to-peer (P2P) lending system it says will increase liquidity on its spot market and provide low-risk interest returns for users willing to loan their coins to traders. It is the first time all OKCoin's users around the world will have the opportunity to access the lending feature. Traders can choose loans at their preferred interest rates, and are offered 2.2x to 3x leverage depending on their 'VIP level'. OKCoin has previously deployed the lending system on its Chinese OKCoin.cn site, and says there has been a....
Margin Trading Was The Cause? Some theorize there are whales (people with large enough funds that they can make the market shift noticeably) who are pushing (selling lots of Bitcoins) through margin calls. Margin calls is an element of margin trading. A margin trader can deposit funds in a specified account with a related business - in this scenario, digital currency exchanges. Or specifically some have mentioned Bitfinex. Once a margin trader has deposited her or his funds they receive percent of it back as credit. For example, you deposit $5,000 in Bitcoin and you would have your account....