According to statistics, the Sina Finance application uses more than 10 million people a month. On July 3, the ability to track prices of 36 cryptocurrencies was added to it.
In addition to the usual viewing of quotes, users can open a chart with candlesticks, as well as track news from the blockchain industry.
The local news portal 8btc noted that the decision to add cryptocurrencies could be due to the desire of the owners of the service to attract potential users among Chinese investors. According to various studies, applications related to digital assets numbered more than 7.5 million users at the end of last year.
Given that the Chinese stock market in recent years has been “sluggish”, more and more traders are paying attention to crypto assets. But only a few of the “veterans of stock trading” download modern specialized applications. Apparently, therefore, Sina Finance decided to add a new class of digital assets to its service.
The source of cryptocurrency news from China cnLedger on June 24 drew attention to the renewed interest of local traders to cryptocurrency after Bitcoin rose and consolidated above $ 10,000.
“According to the information provided by the data service providers on the network (for example, Qimai and Kuchuan), the Huobi cryptocurrency application ranked seventh among the search queries in the Chinese App Store for iOS. Cryptocurrency-related applications are gaining popularity. ”
8btc also reports that Sina Finance is not the first provider of services for traditional markets in China, which has opened up the opportunity to monitor the behavior of the cryptocurrency market. Last May, Tonghuashun, a popular stock trading application, added the ability to track digital asset quotes in the iOS version, but after 2 weeks this feature was removed due to regulatory pressure. Thus, Beijing once again confirmed its resolute attitude towards ICO and cryptocurrency trading.
Large companies in the country are interested in the blockchain technology and digital currencies based on it, but they are kept at a distance. At the moment, it is not known whether the Sina service, which offers the ability to follow cryptocurrencies, violates the current ban in the country.