China: OKCoin to release Bitcoin futures trading

Wednesday 6 August 2014 13:03 CET | News

OKCoin, a Chinese exchange, will add futures trading to its platform, reports.

OKCoin’s futures trading feature is aimed at overcoming Bitcoin’s price volatility issue and mitigate risks by allowing customers to ‘lock in’ a future price on digital currency earnings.

Advanced users of digital currencies can use futures to enable leverage opportunities for price speculation. Trading of derivatives like futures also serves to eradicate volatility from the underlying asset and make prices more predictable overall.

Changpeng Zhao, OKCoin chief technology officer, has informed that the exchange has taken into consideration gathering accurate pricing data with a USD index based upon prices from 10 different Bitcoin exchanges.

OKCoin launched an English website, P2P margin trading and a range of algorithmic trading tools in June 2014.

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Keywords: China, OKCoin, Bitcoin, future trading, digital currency, crypto-currency, virtual currency, Customers, merchants
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce