China's OKCoin Exchange Launches New P2P Lending Services
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....
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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....
Chinese bitcoin exchange OKCoin released their full-screen trading interface today. According to the bitcoin exchange, the interface was designed for futures as well as the new addition of person. -to-person lending. The full-screen view is reminiscent of what someone is watching candles on BitcoinWisdom might be accustomed to, but allows for direct trades on OKCoin. To the non-trader, the charts, graphs and order books might look a bit overcrowded as the bitcoin exchange fits all market information into their interface for a single glance looks. But to the trader who's been in the game....
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....
BTC China has announced the launch of USD and HKD deposits and withdrawals, joining OKCoin in an effort to extend services to the international community. Launching USD and HKD deposits and withdrawals, BTC China is now the first Chinese exchange to support three fiat currencies. The launch began after an invite-only period. During this trial stage, BTC China collected several million USD worth of deposits. This service will be processed via its registered Hong Kong affiliate.
Changpeng Zhao is chief technology officer at OKCoin, a China-based bitcoin and litecoin exchange that is now seeking to extend its services to the international market. OKCoin is one of the largest exchanges in the world by exchange volume, according to data from Bitcoinity, and boasts more than 90 employees. The company raised $10m in Series A funding in March as part of a round led by Ceyuan Ventures, Mandra Capital and VenturesLab. Zhao attended The North American Bitcoin Conference in July, where he introduced his exchange to the international bitcoin audience and announced the launch....