BTCC Announces Launch of Pro Exchange Allowing 20x Margin Trading
BTCC, one of the largest bitcoin exchanges in the world, announced its Pro Exchange at a Money 20/20 panel held at The Venetian Resort Hotel Casino in Las Vegas. Pro Exchange is a bitcoin margin trading tool that will allow traders to exercise 20x leverage on spot trading. Unlike BTCC's regular spot exchange, which might be useful for those who are....
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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....
Last week’s warning from the PBOC to its citizens about the risk of investing in bitcoin and the following on-site investigations at China’s three largest bitcoin exchanges, OKCoin, Huobi and BTCC, spooked bitcoin investors and pushed the price down to its current trading price in the low $800s from recent highs above the $1,000 mark. Margin Trading Halted at Chinese Exchanges. The first result of the PBOC’s on-site checks at the exchanges, which were conducted to look into possible market manipulation, unauthorized financing and money laundering, was that all three exchanges initially....
CEX.IO Bitcoin exchange has launched BTC/USD and ETH/BTC margin trading with special risk-preventing system. The BTC/USD and ETH/BTC margin trading with 1:2 and 1:3 leverages comes with a range of competitive advantages making it easy and attractive even for beginners. Thus, no extra margin account is required to be opened to trade with leverage, and borrowing funds is done automatically together with position placement. The risk-preventing system ensures that the position will be closed at price and not worse than the stop loss price. Therefore, margin trading cannot move user’s balance....
"It's both a liabilty and an opportunity." At least that's how BTCC CEO Bobby Lee describes his Shanghai-based bitcoin exchange startup's affiliation with its domestic market. Formerly known as BTC China, BTCC markets itself as the "world's longest-running bitcoin exchange", but it's now taking steps to expand its customer base internationally. BTCC announced today that it is launching a new service BTCC USD Exchange, one that boasts a new user-interface and that is operated by a separate legal entity. Run out of Hong Kong, the US dollar trading arm will complement....
There’s a lot of changes happening with Chinese bitcoin exchanges lately in light of the recent central bank inspections. Last week the top three exchanges within the region drastically changed margin lending services. Now more revelations have come to light as these companies plan on charging their customers trading fees starting at the end of January.....