OKCoin, one of the leading bitcoin exchanges, has released OCO (One Cancels Other) orders for its exchange, which will allow traders to have a more dynamic way to express a trading view.



Investopedia explains that OCO is a pair of orders that specify that if one order is executed, then the other order is automatically canceled. It combines a stop order with a limit order on an automated trading platform. When either the stop or limit level is reached and the order executed, the other order will be automatically canceled.



OCO orders help traders to capture upside, protect profits, and limit losses. OKCoin explains:

Profit trigger: The price at which the profit order is put in play

Profit order: The price of the profit limit order

Stop trigger: The price at which the stop order is put in play

Stop order: The price of the stop limit order

“We are committed to leading the most professional, liquid, and secure digital asset exchange” – OKCoin



In February, the company rolled out a number of new features to its mobile app to improve user experience, which includes ability to sign up for a trading account right within the app; the option to withdraw BTC/LTC within the app to a verified address; the ability to verify and reset login details in case the password is lost and touch-id.



Earlier this month, OKCoin added margin trading to its iOS and Android apps, which enables OKCoin.cn CNY users to trade on up to 5x margin and OKCoin.com USD users to trade on up to 3.3x margin.