Bitcoin trading platform BTC.sx has announced its launch of a redesigned interface and visibility into the order books of its supported exchanges.
BTC.sx offers leveraged trading in instruments based off the bitcoin prices on the Bitstamp, Bitfinex and itBit exchanges. Account balances are in bitcoin. Positions are taken in instruments similar to contracts for difference (CFDs), but integrate with the order books of the three exchanges. BTC.sx is now allowing users to view these order books to better guide their trading.
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The service also informed clients in a monthly newsletter that 75% of trading volume in May was in long positions, 25% short. Interestingly, the proportion of long trades is substantially higher than typical values seen in prior months, which hovered between 60% and 70%.
May has been an incredibly flat month, more so than the first half of May 2014, one of the flattest periods during the year. Soon after, bitcoin embarked on a rally that saw it gain as much as 52%.