Keep Your Eyes On! BTC-E Launching MT4 with Integration to Bitcoin Exchange

Bitcoin exchange, BTC-E, among the top five exchanges by volume, and leader for bitcoin/ruble trading, has announced that they are launching the MetaTrader 4 platform. According to BTC-E, MT4 will be integrated with the exchange. Currently, the product is available for demo, with real trading launched at the end of their testing. When launched for live trading, the platform is expected to offer traders 3:1 leverage for bitcoin trading.

Among exchanges, BTC-E provides some of the tightest spreads for BTCUSD trading. In addition, their interface arguably provides the closest resemblance to tradition trading platforms with an integrated chart and order window on one page. As such, it appears that BTC-E has been focusing on customers with existing trading experience that are interested in digital currencies. Beyond just bitcoin, BTC-E has markets in other alt-curencies such as namecoin, litecoin, and novacoin.

It’s worth keeping an eye on how the live product performs. With a rise of firms creating digital currency trading platforms, they could be disrupted if BTC-E proves that it can provide users liquid markets with the use of an off the shelf third party platform. As a widely used platform, MT4 provides a familiar interface for many bitcoin traders, as well as a simplified product to offer top of the book pricing. If BTC-E proves successful with their MT4 offering, it could theoretically lead to them partnering with established 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 brokers, where BTC-E provides bitcoin Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on their platforms. In terms of current offerings, AvaTrade recently released a CFD version of BTC/USD trading on their MT4 platform, as well as Bit4X providing bitcoin denominated MT4 accounts.