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....
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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....
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 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....
Beijing-based bitcoin exchange provider OKCoin has announced its latest strategic bid to move beyond Asia's markets and serve the global bitcoin community by announcing the planned launch of its new international exchange website. The move will find the China-based company accepting USD deposits and processing USD withdrawals via OKCoin.com. OKCoin will also host servers for the new offering outside of China and provide English-language customer service. Speaking to CoinDesk, OKCoin CTO Changpeng Zhao said: "The international site will be skewed very heavily to international users in the....
Today marks a special day: The first day that newcomer international Bitcoin exchange OKCoin.com has had a higher daily Bitcoin volume than all other exchanges. In the last 24 hours, OKCoin.com has transacted nearly 16,000 BTC, compared with Bitstamp's ~14,700 BTC and Bitfinex's ~15,100 BTC. OKCoin.com is the international arm of OKCoin. OKCoin also runs OKCoin.cn, a Chinese Bitcoin exchange that also has high volume CNY/BTC trading but does not charge fees (the Chinese norm). Whether or not OKCoin's lead in 24-hour Bitcoin volume will persist until tomorrow is anybody's guess. However, it....