OKCoin Adds Algorithmic Trading Tools to Attract High-Volume Investors
China-based bitcoin exchange OKCoin has announced the introduction of new algorithmic trading tools designed to give its international investors more control over high-volume market activities. As part of the rollout, the Beijing-based company has launched three new features meant to eliminate pain points common to these larger orders: Icebergs - which allow large volume orders to be subdivided into many smaller orders. Modified time-weighted average price orders - designed to combat the price slippage that can result from large trades. Trigger orders - which give users more control over....
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Not terribly long following last week's announcement that Chinese bitcoin exchange OKCoin would be offering peer-to-peer lending services and marginal trading comes yet another announcement. The Beijing company on Monday announced that they have added algorithmic trading tools on their popular trading platform - making them the self-proclaimed first bitcoin exchange to offer these sorts of institutional trading tools to investors using their service. The exchange has started rolling out the following strategies to users of their platform: Trigger orders: Allows the investor to make....
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....
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....
If you're looking for an opportunity to ask a bitcoin exchange questions about their operations, Monday morning will be your chance. OKCoin, China's largest bitcoin exchange, has announced that they will be conducting a Reddit AMA (ask me anything) session on Monday, June 30th. There, Reddit users will be able to, well, ask the company anything - and one user has already taken the liberty of doing so by asking: "Why are you still faking volume? Current 24 h volume okcoin 55k BTC more than 2x Rest of exchanges combined". The question was met with a lengthy response, of which includes: A lot....
Chinese exchange OKCoin announced today it will add futures trading to its platform, saying it is one of the first major exchanges in the world to offer users the chance to trade futures denominated in bitcoin. OKCoin's futures trading, which will be in beta for the next two weeks before going live, partly solves bitcoin's price volatility problem and reduces risks by allowing bitcoin earners to 'lock in' a future price. More advanced traders can use futures to utilize higher leverage opportunities for price speculation. Trading of derivatives like futures also serves to move volatility....