Coindesk reports that OKCoin will be launching OKCoin.com for USD-based bitcoin trading.
OKCoin made the announcement at the North American Bitcoin Conference in Chicago.
The new site will be separate and distinct from OKCoin.cn, its Chinese business. It will maintain separate order books and its servers will be located outside of China. It will also provide English-speaking customer support.
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OKCoin has been trending as the world’s largest bitcoin exchange by traded volume, according to numbers recorded on bitcoinity.org.
The announcement comes roughly one month after the exchange reintroduced margin trading, after suspending the service following directives issued by the People’s Bank of China (PBOC). They also introduced advanced order entry tools. Adding USD trading, they may have all the ingredients necessary to start wooing foreign traders as the company looks to expand beyond the reach of the PBOC. If their no-fee structure is extended to OKCoin.com, there may be even more incentive.
OKCoin.com currently redirects backs to OKCoin.cn.