Keep Your Eyes On! BTC-E Launching MT4 with Integration to Bitcoin Exchange

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btc-e logoBitcoin exchange, BTC-E, among the top five exchanges by volume, and leader for bitcoin/ruble trading, has announced that they are launching the MetaTrader 4 platform. According to BTC-E, MT4 will be integrated with the exchange. Currently, the product is available for demo, with real trading launched at the end of their testing. When launched for live trading, the platform is expected to offer traders 3:1 leverage for bitcoin trading.

Among exchanges, BTC-E provides some of the tightest spreads for BTCUSD trading. In addition, their interface arguably provides the closest resemblance to tradition trading platforms with an integrated chart and order window on one page. As such, it appears that BTC-E has been focusing on customers with existing trading experience that are interested in digital currencies. Beyond just bitcoin, BTC-E has markets in other alt-curencies such as namecoin, litecoin, and novacoin.

It’s worth keeping an eye on how the live product performs. With a rise of firms creating digital currency trading platforms, they could be disrupted if BTC-E proves that it can provide users liquid markets with the use of an off the shelf third party platform. As a widely used platform, MT4 provides a familiar interface for many bitcoin traders, as well as a simplified product to offer top of the book pricing. If BTC-E proves successful with their MT4 offering, it could theoretically lead to them partnering with established forex brokers, where BTC-E provides bitcoin liquidity on their platforms. In terms of current offerings, AvaTrade recently released a CFD version of BTC/USD trading on their MT4 platform, as well as Bit4X providing bitcoin denominated MT4 accounts.







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4 Comments on this post

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  1. Ed said:

    Will traders be able to go short? Or will this be long only kind of arrangement. I can’t see Bitcoin becoming a really viable and large market for traders unless someone can find a way to short sell Bitcoin.

    August 20th, 2013 at 1:21 pm
  2. Ron Finberg said:

    from the translation of comments in Russian it appears that shorts will be allowed

    August 20th, 2013 at 1:40 pm
  3. Ed said:

    Thanks Ron. Will take a look at the Russian comments and see what I can learn, though I’ve let my Russian go a bit. If BTC-e does in fact offer it users the ability to go long and short, I can see this being a real game changer.

    August 20th, 2013 at 1:49 pm
  4. Jon said:

    i there any cfd, futures, or forex contract that only allows users to go long? I only heard about that in stocks…and I thought the usa SEC did away with the short selling limitation rule.

    August 20th, 2013 at 9:51 pm

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