In an announcement Chinese Bitcoin exchange OKCoin says that it has released its full-screen trading interface which according to the organization sources was designed for futures as well as the new addition of person-to-person lending. Nonetheless, with the latest trading interface the Bitcoin exchange wants to attract some more customers than it has till now.
The exchange informs that the full-screen view is reminiscent of what someone is watching candles on BitcoinWisdom might be accustomed to, but allows for direct trades on OKCoin. Nonetheless, to the non-trader, the charts, graphs and order books might look a bit overcrowded as the Bitcoin exchange fits all market information into their interface for a single glance looks.
However, the release from OKCoin clears that the trader who’s been in the game long enough to understand the lingo and mathematics behind Bitcoin trading, the layout looks like a playground. The exchange says that the interface even provides drawing tools. The organization that has always been pro-innovation has welcomed the decision.
Talking about the rich feature in the trading interface a spokesperson for OKCoin says that another facet of its new layout is person-to-person lending. According to it, traders can choose a loan at an interest rate for the duration of their choosing. Also, traders are offered 2.2 times to three times leverage depending on their VIP level.
Bitcoin Exchange Will Increase Liquidity As Well
Nonetheless, the press release from OKCoin also informs that the Bitcoin exchange hopes the launch of P2P lending will increase the liquidity of their USD spot market as it increases the amount of Bitcoin being traded on the exchange. BTCJam is another company offering person-to-person loans with Bitcoin.
However, OKCoin informs that it is not from a trading platform. Similarly, Bitfinex is another Bitcoin exchange offering person-to-person lending; it in fact was the first lending platform for leverage trading. Interestingly, OKcoin’s new lending market supposedly automatically matches suitable loans with borrowers to provide them with their most preferred terms, all from their new interface.
The press release from OKCoin says that loan durations last from three to 360 days after the specified interest rate is determined. Also, the Bitcoin exchange confirms that it has seen significant demand for this feature and expects significant usage, as they have stated in the past that there is a waiting list for users to loan on OKCoin.cn.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org