Things are moving fast at OKCoin. The Beijing-based Bitcoin exchange launched its international exchange website OKCoin.com in July, bidding on the wider global market. Following its expansion plan, the exchange has seen multiple initiatives to strengthen its position as one of the leading exchanges and build its way to become one of the most prominent Bitcoin businesses in the world. OKCoin's most recent achievement consists of a series of trading tools targeted at advanced traders. These tools include a new full-screen trading page designed to be intuitive and convenient. "We kept it really simple, but kept everything [a trader would] …

OKCoin has changed the way it calculates transactions, seemingly doubling its volume traded overnight. The actual volume of trades at OKCoin has not actually seen a dramatic increase. The reason the reported OKCoin trade volume doubled was because OKCoin changed the way it calculates trades in order to, according to them, come into line with the “industry standard.” Previously, when one bitcoin was sold (and subsequently bought) on OKCoin, it calculated the transaction as “one bitcoin” in the exchange's total volume. Now, it is counted twice: once when a customer sells it and once when a customer buys it. Functionally, …

Organizers of the second North American Bitcoin Conference expect a big turnout for what they describe as “the most community-oriented TNABC yet.” This TNABC will be held in Chicago the weekend of July 19–20, and organizers recently announced that the Hotel Chicago will host the event. “The Official kick-off party will take place in the iconic House of Blues, which will be the best location of the year to meet the movers and shakers of the Bitcoin industry,” organizers said in a release. Organizers say that more than 2,000 people are expected for the conference, and they are trying to …

OKCoin, which claims to be the largest exchange in the country by trading volume, has raised its capital by as much as $10 million in venture capital funding. The information was provided by the Kuailiyu (Chinese site). China has many VC firms, but the funding was provided by Ceyuan that was one of the first companies that provided these services. Soon after, VentureLab, Mandra Capital and other big investors joined the effort to support Bitcoin exchange. Spending the Funds As Star Xu, Chief Executive of the OKCoin said, a large part of the money gained will spent on expanding the …