BTC China has upgraded its mobile app, saying it is the first Chinese exchange to allow users to trade in three trading pairs: BTC/CNY, LTC/CNY, and LTC/BTC.
The app, âMobile Exchange 2.0â, is cross-platform and HTML5 based, running in mobile browsers. It now also offers streaming real-time market data and candlestick charts for the aforementioned currencies, giving traders the ability to monitor market trends anytime and anywhere.
BTC China is charging 0% trading fees on its web and mobile platforms, with a 0.38% withdrawal fee being its only charge. Users may still have to pay third-party bank fees to transfer funds into their accounts, however.
The upgraded app now includes some more familiar smartphone and tablet gestures such as âswipe to editâ and âswipe to cancelâ, plus other features that allow traders to respond quickly to price movements with minimal navigation. Furthermore, Mobile Exchange 2.0 is available in 10 languages.
Aimed more at traders, it is a separate entity to the âPicassoâ app, which BTC China calls its âwallet and mobile ATMâ. Picasso allows everyday users to track prices and set their own commissions to trade bitcoin face to face.
BTC China introduced litecoin trading in March this year. The worldâs second-most-popular cryptocurrency, which was the invention of CEO Bobby Leeâs brother Charles, is now traded on several exchanges, but has suffered a price slump lately.
Once tied closely to the price fortunes of bitcoin, litecoin has gone from a high of around $48 at the same time bitcoin reached its zenith in late 2013 to around $7.47Â on both BTC China and BTC-e today.
The altcoinâs supporters say litecoinâs peaks and troughs are merely a normal part of a cryptocurrencyâs lifecycle, and point out that its fortunes are still connected to bitcoinâs. Charles Lee himself has described litecoin as being âstill in the speculator stageâ of its development.
BTC China, which claims to be the worldâs oldest bitcoin exchange, also recently added USD and HKD deposits and withdrawals to its platform as part of its âplans for aggressive international expansionâ. At the time of bitcoinâs December peak, it was Chinaâs most popular exchange.
At present, the majority of BTC Chinaâs users are still located in Beijing and Shanghai, although the company said they expect the number of users from other regions to increase significantly soon.
Founded in 2011, the company raised $5m in Series A funding from Lightspeed China partners in September 2013.
Screenshots courtesy BTC China
