One of the largest financial news providers in China, Sina Finance, has added Bitcoin and other cryptocurrencies to its application, the local 8btc portal writes.
Sina Finance has over 10 million monthly users. On July 3, it implemented the ability to track prices of 36 cryptocurrencies, including BTC, BCH, ETH, LTC and XRP. In addition to index information, users can view candlelight charts and news from the blockchain industry.
As noted by 8btc, the decision to add new functionality could be dictated by the desire of service owners to attract potential users among Chinese crypto-investors. According to available data, the applications related to cryptocurrencies had over 7.5 million users at the end of 2018.
Against the background of low-performance indicators of the Chinese stock market in recent years, more and more traders in traditional markets are beginning to pay attention to the cryptocurrency assets. Thus many of them do not hurry to download specialised appendices.
A source of cryptocurrency news from China on Twitter cnLedger on June 24th noted the renewed interest of local traders in cryptocurrencies as the Bitcoin price rose above $10,000: "According to data service providers on the network (e.g., Qimai and Kuchuan), the Huobi cryptocurrency application has become the seventh most popular search query in the Chinese App Store for iOS. Cryptocurrency-related applications have become a trend in the Chinese App Store for iOS.
Sina Finance is not the first provider of services for traditional markets in China to provide its users with information on the behavior of the cryptocurrency markets along with gold, stocks and bonds. Last May, Tonghuashun, a popular stock market trading application, added a cryptocurrency tracker to the iOS version, but had to remove it after 2 weeks of regulatory pressure.
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