Chinese Bitcoin Exchange OKCoin Adds OCO Orders

Beijing-headquartered bitcoin exchange OKCoin has introduced OCO (one-cancels-the-other) orders to its platform saying that OCO orders offers traders a "more dynamic way to express a trading view." These type of orders are popular among Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders as they help automate a strategy to capture upside trends, protect profits, and limit losses.

OKCoin describe the new order OCO features as:

Profit trigger: The price at which the profit order is put in play

Profit order: The price of the profit limit order

Stop trigger: The price at which the stop order is put in play

Stop order: The price of the stop limit order

OKCoin is considered to be the biggest bitcoin exchange in the world and operates both CNY/BTC spot pairs with margin trading from its Beijing entity, and USD/BTC spot pairs with margin trading and BTC/USD futures from its Singapore entity.

It looks like OKCoin is moving closer to becoming a traditional forex broker, more than just a bitcoin exchange. Earlier this year the venue added other features such as margin trading to its mobile (iOS and Android) apps - with CNY users getting 5:1 leverage and USD users getting 3.3:1. It also enhanced the mobile user experience with the option to withdraw Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to a verified address from within the app and the ability to verify and reset login details as well as touch-id.