Exchange Roundup: Traders Gain Tools and Bank Woes for Justcoin

With bitcoin adoption rising healthily, and trading proving a popular way to profit from the digital currency’s volatility, many exchanges are going from strength to strength, signing up new users and rolling out new services on a frequent basis.
In this roundup, CoinDesk looks at the latest announcements from bitcoin exchange platforms over the last few days.
OKCoin adds ‘trigger orders’ for futures traders
OKCoin’s futures traders can now get some sleep without needing to close their positions, safe in the knowledge that new ‘trigger orders‘ will help insulate them from risk. The addition is likely to come as a welcome relief for OKCoin’s professional traders, who have up to 10x leverage at their disposal.
These orders work both ways: stop-losses to prevent a position falling too far, and limit buy orders to enter into contracts at an optimal price point. Users can also set the quantity of units to trade.
OKCoin added the trigger order feature after popular demand from its customers for stop-losses, adding them just days after seeing user requests posted on social media outlets.

This post was published at Coin Desk on November 5, 2014.