Dealing in Bitcoins? WPCS' New BTX Trader May Help

By Steve Anderson December 30, 2013

Bitcoins have something of a mystique involved, a kind of uniqueness that renders this crypto-currency something of a mysterious artifact. But there are those who deal in Bitcoins as an investment property, or simply as a means of doing business. For those individuals, and those who'd like to be those individuals, WPCS International Incorporated is rolling out a new tool to help out new Bitcoin users and get said users acclimated to the acquisition and use of Bitcoin with its new BTX Trader system.

The new BTX Trader is a Windows-based platform that can be had at BTX Trader's website. With a copy of that in hand, users will get access to the ability to execute Bitcoin trades on five major Bitcoin exchanges—BitStamp, BTC China, BTC-E, CampBX and Mt. Gox--as well as access to new sources of market data on Bitcoins in general. New tools come into play as well, including limit orders and stop limit orders alike, and a new blotter window to watch positions and administrate—even cancel—orders as need be. The market information, meanwhile, offers information not only for the five exchanges it offers trading capability with, but also includes information for CaVirtex, including useful tips like quotes with bid, ask, and last prices, tick charts for these figures over a four hour span, and even bar graphs for those who want a longer-term look at the pricing data. The platform is still in beta, as Ilya Subkhankulov, BTX Trader's COO, notes, but both Web and mobile versions are set to be released in early 2014, and the company is on schedule to do just that at last report.

WPCS' interim CEO, Sebastian Giordano, offered some commentary on the new release, saying: “Now that we have completed this pioneering acquisition in the emerging Bitcoin industry, we intend to hit the ground running. The public release of the beta version of the BTX Trader platform will give the market a preliminary glimpse of some of the features and capabilities that will ultimately help define our unique and proprietary technology.”

Bitcoins in general are still a poorly-understood and little-known technology. With some countries refusing outright to deal in said items—India recently closed some Bitcoin trading platforms—and the Silk Road affair still fresh in a lot of users' minds, the idea of actually buying and selling Bitcoins may leave many users cold. But if the trading platforms can catch up, it may be sufficient to give Bitcoins the positive perception that would really be needed to make Bitcoins an acceptable part of everyday life. Bitcoins could well eventually end up with the same perception as, say, jewelry or real estate; a potentially useful part of a user's overall investment profile. It's certainly worked for some users, and it could potentially work for more.

But still, there's quite a ways to go between Bitcoin the mystery and Bitcoin the investment vehicle. Better tools will certainly have a hand in changing perception but only time will tell if Bitcoin can become—and likely, only time will make the changes required in making it—a greatly-changed matter and a respected tool of finance.




Edited by Ryan Sartor

Contributing TechZone360 Writer

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