BTCC has launched “Pro Exchange”, a trading platform boasting of great features, for the “spot trading” of virtual currency Bitcoin.
One salient feature of this platform is, that the traders who would use it will be able to maximize their profits as they will get 20x leverage on spot trading.
This leverage is the highest in the industry and Pro Exchange will also allow the traders to choose when to take delivery, which is another unique feature that could help it earn distinction against other leveraged Bitcoin trading platforms.
Currently, the exchange is running a trading contest which will last till November 23, 2015, and has lucrative prizes for winners.
Bobby Lee, the chief executive officer of BTCC, unveiled the exchange at the Money20/20 panel held at The Venetian.
Money 20/20 had earlier witnessed a much applauded demo on new Proof-of-Concept by DocuSign and Visa.
In a press note issued for the media, the company summed up Pro Exchange in the following words:
“Pro Exchange is a Bitcoin margin trading platform, that allows investors to hedge against Bitcoin price volatility, or pursue gains from Bitcoin price fluctuations.”
Lee also said that “Pro Exchange is an innovative addition to our growing set of digital currency services that allows keen investors to trade on and hedge against Bitcoin volatility.”
Michael Fok, BTCC’s vice president added, that “BTCC’s Pro Exchange is another example of how we lead the cryptocurrency services market by offering our customers pioneering services that are unparalleled in the industry.”
Fok later quipped that this Bitcoin exchange is for traders and designed by traders.
Pro Exchange also says, that since it offers traders stop orders hence, they would be free from monitoring the market frequently.
The stop orders buy or sell a position whenever the market reaches a certain price and they are considered to be highly convenient in the otherwise volatile market.