China-based bitcoin exchange BTCChina has launched a new trading platform, MrGekko.
The new platform allows for sophisticated order entry to BTCChina and other major bitcoin exchanges. Included are market, limit, stop-loss, trailing-profit and bracket orders. Its charting engine is said to include over 60 technical indicators.
Users would have access to trade on multiple exchanges by logging in through their BTCChina account.
The cloud-based platform reportedly emulates some of the more advanced features traditionally found on desktop software. Users can click directly on data in the chart or order book corresponding to where they would like to have an order executed.
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Orders can be entered on multiple exchanges simultaneously, which may be beneficial for traders looking for arbitrage.
The launch includes a promotion offering 100 free trades, available for up to 30 days.
According to statistics on bitcoinity.org, BTCChina currently commands 30% of the global bitcoin trading volume, ranking it second to OKCoin.
According to its website, BTCChina has expanded beyond its exchange services, now offering mining through its BTCChina pool and a p2p bitcoin brokerage.
The launch is one of few developments in the exchange segment of the industry that has been relatively quiet during the past few months, possibly an indication of its maturing or saturation. This year, interest has increasingly shifted toward areas like the application of bitcoin technology for non-cryptocurrency uses.