Bitcoin Derivatives Trading Platform Coinarch Expands into China

Derivatives-focused bitcoin trading platform Coinarch is making a push into the Chinese market, with the launch of dedicated local branding.

AccessTimeIconFeb 20, 2015 at 10:18 a.m. UTC
Updated Sep 11, 2021 at 11:33 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Derivatives-focused bitcoin trading platform Coinarch is making a push into the Chinese market, with the launch of dedicated local branding and support staff.

The new operation, with the address Coinarch.cn, will be named 币琪 (pronounced 'bi-qi'). Coinarch is now in the process of registering a local subsidiary and aims to be perceived as a local company, in order to better challenge established competitors like Huobi, OKCoin and BTC China.

Coinarch's team will also maintain a presence on popular Chinese social networks like Weibo, WeChat and QQ.

The new drive is one of the most substantial moves yet into the Chinese cryptocurrency trading market by an overseas company. Coinarch's co-founders are Australian nationals, while the company is registered in Singapore.

International availability

The Coinarch platform accepts bitcoin only and does not trade in any fiat currencies. This frees the firm from much regulation and makes the service available to all international customers. The company's prioritizing of China with its branding and marketing effort also reflects that market's potential significance.

The service is already available in English, Portuguese, Spanish, Arabic and Indonesian. Rival derivatives platform BTC.sx features interface options for both Simplified and Traditional Chinese, Russian, Spanish and Polish.

Coinarch CEO Jeremy Glaros said his company had "received a lot of interest from the Chinese market" since it launched and was glad to seize the opportunity.

Trading products

Coinarch's two main offerings are the leveraged trading product 'Booster' and the reverse-convertible investment product 'Maximiser'. Both are designed to be easy to understand and simple for relative beginners, yet also have advanced interface options for more experienced traders.

Coinarch will lure Chinese traders with more attractive conditions, Glaros added, with measures to protect traders' profits.

He said:

"Unlike some alternative bitcoin trading products, our leverage products are not subject to scale-backs, meaning you retain 100% of the profits you earn in all market conditions. This is a huge differentiator in the bitcoin trading arena."

A scale-back, or 'socialized profits' is when an exchange removes some funds from winning traders' profits to cover a 'system loss', which has caused consternation among Chinese bitcoin traders in the past.

Coinarch would now focus on building the "next generation of bitcoin-linked products," Glaros said, to provide speculators in the bitcoin space the tools to manage their risks and tailor returns.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.