Multi-exchange trading platform interface, BTX Trader, has announced the launch of a web-based platform. Similar to the downloadable platform that was released live at then of 2013, the web-based version allows users to access bitcoin trading accounts from multiple exchanges in one platform. The web version contains windows for order entry, market depth, a quote monitor, and open positions. Not included though is the key chart feature which is available on the downloadable platform.
When reviewing the downloadable platform, DC Magnates opinion was that it would be useful for traders looking for arbitrage opportunities as they could view prices as from multiple exchanges on one interface as well as place trades. In launching the web-based version, BTC Trader has also announced the addition of new prices sources, including Kraken, CoinDesk’s BPI, and BitPay.
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Since BTX Trader went live last year, new competition has entered the market with the launch of RTBTC from Blockchain.info. Also providing multi-exchange access from one trading platform interface, RTBTC’s launch was the result of an acquisition of popular bitcoin charting creator ClarkMoody by Blockchain.info earlier this March. Unlike RTBTC, BTX Trader is still being offered for free. Similarly though, BTX Trader was also purchased by new owners WPCS International, a penny stock with negative earnings, shortly before it went live. At the time of the deal being announced as well as the launch of BTX Trader, it has been speculated that the acquisition had more to do with triggering a positive move in WPCS stock than creating products for bitcoin trading. However, the current expansion of BTX Trader features appears to indicate that WPCS is devoting resources to push its new bitcoin entity to become a driver of future growth for the company.