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Home » Announcements » OKCoin Launches Institutional Tools for Bitcoin Trading Add New Post

OKCoin Launches Institutional Tools for Bitcoin Trading

Moderator published on OKCoin Announcements Announcements 2014-07-24 19:38 19570

OKCoin is now the world’s first Bitcoin exchange to
offer Algorithmic Trading Tools

BEIJING, June 18, 2014 /PRNewswire/ --
OKCoin, Inc. ("OKCoin" or the "Company") (,
China’s largest Bitcoin exchange platform by volume, today announced the launch
of Algorithmic Trading Tools on its trading platform – becoming the first
Bitcoin exchange in the world to offer these institutional trading tools to
Bitcoin investors. These Algorithmic Trading Tools will

OKCoin has begun an immediate rollout of
the following tools:

- Trigger Orders – This order type allow the
user to further specify under which conditions an order will be entered into
the trading book

- Icebergs – This order type allows the user
to place a large volume order without moving the market by dividing this single
order into many smaller orders, masking the total order quantity

- Modified Time-Weighted Average Price (TWAP) –This order type allows high-volume traders to execute orders over a
specific time period in order to keep the price close to the prevailing market

“Bitcoin trading is still in its infancy. By
bringing professional trading technologies from the traditional financial
world, OKCoin hopes to boost the growth and maturity of Bitcoin trading”.

“Bitcoin trading is still in its infancy,
historically-speaking, but many of the investors involved are quite
sophisticated. We have seen a lot of increased interest from knowledgeable
individuals, investment funds, and institutional investors. And these investors
are looking for an exchange that can provide the types of professional trading
technologies that the traditional securities world takes for granted. OKCoin is committed to continued enhancement
of our trading tools and service offering, and we will not stop until our
platform offers all of the same trading services and options that one might
expect from world-leading financial exchanges,” said Mr. Ming Xu, Founder and
CEO of OKCoin.The launch of OKCoin’s algorithmic trading tools was spearheaded
by the company’s new Chief Technology Officer, Mr. Changpeng Zhao, who recently
joined the Company. Mr. Zhao brings over [x] years of experience in
institutional trading technology development, and was previously Head of
Development for Bloomberg Tradebook Futures in New York, as well as [serving as
a technology architect for many New York financial institutions and trading

being the the first Bitcoin exchange in the world to offer Wall Street level trading
tools to sophisticated investors, OKCoin is not only raising the bar – we are
leading the virtual currency evolution,” said Mr. Changpeng Zhao, OKCoin’s
Chief Technology Officer “I am excited that I can leverage my Wall Street
experience directly at OKCoin, and I see many opportunities for the Company to
fill gaps and shortfalls within the Bitcoin trading ecosystem.”

OKCoin is expanding aggressively outside of
China and is recruiting international expertise.

China’s Bitcoin market remains vibrant, and
still boasts the largest and most liquid exchanges in the world.China also has
the world’s largest market share of mining pools and mining equipment
manufacturers. Reports of bans on Bitcoin in China are exaggerated.


OKCoin is China’s largest digital currency
exchange by volume. The Company is led by a strong management and technical
team, which brings together both China start-up and Wall Street technology
experience. The Company has has raied over US$10m in
venture financing from well-known investors such as Ceyuan Capital, VenturesLab
and famed Silicon Valley investor Tim Draper.

For further comment, please contact XXXXXX

the latest OKCoin developments on:
Twitter: @OKCoinBTC


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