Shanghai China, (April 22, 2016) Today BTCC introduces one-cancels-the-other (OCO) orders on Pro Exchange, its platform for the margin trading of bitcoin.
OCO orders allow traders to set a stop order and a limit order at the same time. One of the two orders is set above the current market price and the other one is set below it, depending on the traders’ strategy. OCO orders allow traders to increase their chance of getting a favorable price for their trades. If a trader is opening trading position, for example, an OCO order could help her get a high or low entry price, depending on her trading strategy. Similarly, if a trader is closing positions, OCO orders could help her protect her profits or limit her losses.
The introduction of OCO orders on Pro Exchange today caps months of success for BTCC’s new trading platform, which the company launched at the end of October 2015. From January 1, 2016 to March 31, 2016, the trading volume on Pro Exchange increased by more than 1000 percent. Pro Exchange is now the most liquid spot bitcoin exchange globally, with an average daily trading volume of more than 20,000 bitcoins.
Over the same time, Pro Exchange’s market depth increased almost tenfold, meaning that traders can now place large orders on the exchange without causing a change in market price. Significantly, Pro Exchange now has the deepest order book among spot bitcoin exchanges.
During the same time, the volume of CNY deposits into Pro Exchange accounts increased by more than three times. Pro Exchange also saw a more than 100 percent increase in the number of daily active traders from January 1 to March 31 of this year, and 85 different countries are now represented on the exchange.
Customers have also been seeing record profits on Pro Exchange. The highest realized profit earned by a customer who traded on BTCC Pro Exchange was 73,020 USD over a two-week period.
About BTCC Pro Exchange
BTCC Pro Exchange is a pioneering platform that allows traders to instantly buy or sell bitcoin on a margin basis. Pro Exchange offers 20x leverage, allowing customers to maximize their profit potential. Traders on Pro Exchange do not need to deposit any bitcoin to start trading on the exchange — all trading is in CNY. All they need to do is deposit money and start trading.
Headquartered in Shanghai, BTCC serves a global customer base and has become an industry leader for security, risk mitigation, credibility, and technological innovation. BTCC’s mission is to provide the world with the most convenient and trustworthy digital currency services. More information about BTCC and its products can be found at www.btcc.com.