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OKCoin
IndustryBitcoin Exchange
HeadquartersBeijing, China
Key people
Star Xu, CEO
Number of employees
90
Websiteokcoin.com

OKCoin.com is a Chinese digital currency trading platform and exchange based in Beijing. OKCoin was founded in June 2013 and by 2014 had grown to become the largest Bitcoin exchange in China.[1] As of June 2014, the company has over 80 employees.

History

The company's CEO Star Xu is a Chinese IT veteran who previously worked at Docin.com, an online Chinese document sharing service. Xu first learned about Bitcoin in 2011 and began to trade actively on multiple exchanges. Disappointed by the existing exchanges, he decided to build OKCoin, which promised to provide secure, high speed trading experience.[2]

In March 2014, OKCoin announced that it had raised over US$10m in angel and venture capital funding from well known venture capitalists, including Ceyuan Capital, VenturesLab and Silicon Valley Investor Tim Draper.[3][4]

In May 2014, Changpeng Zhao joined OKCoin as Chief Technology Officer. Changpeng was formerly a manager at Bloomberg Tradebook, the technical head of Blockchain.info and is also the cofounder of Fusion Systems.[5]

OKCoin has publically expressed intension to expand overseas and become a worldwide digital currency services company.[6]

Features

In June, 2014, OKCoin announced the introduction of peer-to-peer Bitcoin and Litecoin lending and algorithmic trading tools that were designed to give its international investors more control over high-volume market activities.[7][8][9][10]

On August 9, OKCoin announced the addition of futures trading to its platform, becoming one of the first major Bitcoin exchanges in the world to enable its users to trade futures denominated in bitcoin.[11]

References

  1. "OKCoin Inc. Launches Algorithmic Trading Tools on its Trading Platform". Forex Minute. 2014-06-24. Retrieved 2014-06-30.
  2. "The China King of Bitcoin: Star Xu - BEIJING, June 10, 2014 /PRNewswire/". Prnewswire.com. Retrieved 2014-06-30.
  3. Marc van der Chijs (@chijs) (2014-03-16). "OKCoin Raises $10 Million to Become China's 'Largest Exchange'". Coindesk.com. Retrieved 2014-06-30.
  4. 2014 (2014-01-31). "OKCoin raises $10M in Series A round to become China's biggest Bitcoin exchange : Regions : Venture Capital Post". Vcpost.com. Retrieved 2014-06-30.CS1 maint: numeric names: authors list (link)
  5. Jon Southurst (@southtopia) (2014-06-12). "Senior Blockchain Exec Joins Largest Chinese Exchange OKCoin". Coindesk.com. Retrieved 2014-06-30.
  6. Jon Southurst (@southtopia) (2014-05-19). "OKCoin and Huobi Discuss Bitcoin in China and Plans for Survival". Coindesk.com. Retrieved 2014-06-30.
  7. Pete Rizzo (@pete_rizzo_) (2014-06-23). "OKCoin Releases Beta-Launch of Bitcoin Futures Trading". CoinDesk. Retrieved 2014-08-13.
  8. Jun 23, 2014 (2014-06-23). "BitBeat: Algo Trading, Leverage, China and Bitcoin – What Could Go Wrong? - MoneyBeat - WSJ". Blogs.wsj.com. Retrieved 2014-06-30.
  9. Pete Rizzo (@pete_rizzo_) (2014-06-20). "OKCoin Targets International Markets with Margin Trading Relaunch". Coindesk.com. Retrieved 2014-06-30.
  10. Pete Rizzo (@pete_rizzo_) (2014-06-23). "OKCoin Adds Algorithmic Trading Tools to Attract High-Volume Investors". Coindesk.com. Retrieved 2014-06-30.
  11. KEVIN C (2014-08-09). "OKCoin Releases Beta-Launch of Bitcoin Futures Trading". AsiaTechHub. Retrieved 2014-08-13.

External links