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, ‘Mobile Exchange 2.0’, 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.
Mobile Exchange availability and features
The upgraded app now includes some more familiar smartphone and tablet gestures such as ‘swipe to edit’ and ‘swipe to cancel’, 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 ‘Picasso’ app, which BTC China calls its ‘wallet and mobile ATM’. Picasso allows everyday users to track prices and set their own commissions to trade bitcoin face to face.
Litecoin trading and value
BTC China introduced litecoin trading in March this year. The world’s second-most-popular cryptocurrency, which was the invention of CEO Bobby Lee’s 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 $7.47 on both BTC China and BTC-e today.
The altcoin’s supporters say litecoin’s peaks and troughs are merely a normal part of a cryptocurrency’s lifecycle, and point out that its fortunes are still connected to bitcoin’s. Charles Lee himself has described litecoin as being “still in the speculator stage” of its development.
About BTC China
BTC China, which claims to be the world’s oldest bitcoin exchange, also recently added USD and HKD deposits and withdrawals to its platform as part of its “plans for aggressive international expansion”. At the time of bitcoin’s December peak, it was China’s most popular exchange.
At present, the majority of BTC China’s 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