OKCoin latest to get back into margin game, reintroduces p2p service
The China-based exchange OKcoin is reportedly bringing back p2p margin trading to its offering.
Shortly before the Global Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Summit in Beijing, OKCoin was one of five major bitcoin exchanges in China to cease margin and short trading, in accordance with the People's Bank of China (PBOC) directive to curb speculative trading.
With p2p margin trading, users can finance funds to one another at a user-defined interest rate, which they then agree upon. Lenders send their interest-rate offers to the markets, to be searched and matched by borrowers.
Up to 3x Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term is available. The "Standard Fund" has no minimum loan size, while the "VIP Fund" requires a minimum amount of 1000 BTC and the signing of a waiver acknowledging the risk of their investment. Both funds are said to be insured.
Last week, Huobi relerased a beta version of its Hong Kong-based platform bitVC, which also offers the equivalent of margin trading and interest-earning deposits.
Outside of China, Bitfinex is one of the few notable venues offering leveraged trading.
OKCoin has become a popular destination, likely due to its no-fee structure for trading. All deposits are free as well, as are withdrawals in bitcoins or litecoins. Only withdrawals in yuan are levied with a fee, ranging from 0.28%-0.4%.
According to reported statistics, OKCoin appears to be the venue with the world's highest bitcoin trading volumes. With a total 24h volume of over 47,000, they command nearly 50% of the total market, according to bitcoinity.org. Houbi follows with 30%. In crypto trading, however, it is difficult to verify the genuine volumes traded on any exchange.
Interestingly though, OKCoin's quotes are tabulated on their site with those of other exchanges such as Huobi, Bitstamp and BTC-e. They also offer several choices for charting style, one of which appears to be a straight integration of bitcoinwisdom.com.
The China-based exchange OKcoin is reportedly bringing back p2p margin trading to its offering.
Shortly before the Global Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Summit in Beijing, OKCoin was one of five major bitcoin exchanges in China to cease margin and short trading, in accordance with the People's Bank of China (PBOC) directive to curb speculative trading.
With p2p margin trading, users can finance funds to one another at a user-defined interest rate, which they then agree upon. Lenders send their interest-rate offers to the markets, to be searched and matched by borrowers.
Up to 3x Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term is available. The "Standard Fund" has no minimum loan size, while the "VIP Fund" requires a minimum amount of 1000 BTC and the signing of a waiver acknowledging the risk of their investment. Both funds are said to be insured.
Last week, Huobi relerased a beta version of its Hong Kong-based platform bitVC, which also offers the equivalent of margin trading and interest-earning deposits.
Outside of China, Bitfinex is one of the few notable venues offering leveraged trading.
OKCoin has become a popular destination, likely due to its no-fee structure for trading. All deposits are free as well, as are withdrawals in bitcoins or litecoins. Only withdrawals in yuan are levied with a fee, ranging from 0.28%-0.4%.
According to reported statistics, OKCoin appears to be the venue with the world's highest bitcoin trading volumes. With a total 24h volume of over 47,000, they command nearly 50% of the total market, according to bitcoinity.org. Houbi follows with 30%. In crypto trading, however, it is difficult to verify the genuine volumes traded on any exchange.
Interestingly though, OKCoin's quotes are tabulated on their site with those of other exchanges such as Huobi, Bitstamp and BTC-e. They also offer several choices for charting style, one of which appears to be a straight integration of bitcoinwisdom.com.