Beijing-based digital currency exchange OKCoin has launched a new version of its Android app it says will offer users full trading features anywhere they go.
The company describes it as “the first full-featured mobile app from a bitcoin exchange”, with many features from the full desktop site.
The release comes just two weeks after OKCoin also added more sophisticated algorithmic tools to its main site aimed specifically at high-volume traders.
An iOS version of the app is also currently going through the Apple approval process.
Market and price data
The app will feature real-time market data from the main site, including up-to-date price information and 24-hour volumes from all major exchanges on one page.
Candlestick charts mean users can monitor market trends in easy-to-read format, and set price alerts for market movements on any major exchange.
Bitcoin and litecoin
Users can deposit BTC and/or LTC into their accounts at any time using provided QR codes and addresses, and can place market and limit orders from anywhere.
A ‘tap-to-buy’ feature also allows them to simply tap on any current order in the order book list and fill the price field with that price.
OKCoin says this will allow speculators who watch every price movement to never miss an opportunity, even when out and about.
Security
An extra layer of security protects against coin theft if the device is lost or stolen, allowing users to set up a gesture-based password on top of the normal character-based one.
OKCoin said of the new version:
“This latest update reaffirms OKCoin’s position of dedication towards improving user experience and offering as many features as possible.”
International competition
OKCoin, like other large Chinese exchanges, has made a concerted effort this year to appeal to international customers as well as mainland Chinese traders with improved feature sets and more sophisticated mobile apps. To that end, the app is available with an English language interface, as well as Chinese versions.
Competition has been fierce in the space, with the companies having to battle on multiple fronts against the government, banks and each other while at the same time trying to attract venture funding.
OKCoin announced in March it had secured over $10m from local companies associated with prominent Silicon Valley investors.
Images courtesy OKCoin