Global exchange vows to make crypto trading easier — and make futures available to all

Issues are wanting fairly unstable in crypto proper now — and because the bear market units in, spot buying and selling volumes are wanting fairly sluggish.

However with the business maturing lately, futures buying and selling has turn into more and more accessible — and figures recommend demand has remained robust regardless of the present downturn. 

Via futures contracts, crypto fans can enter into positions after they consider costs are going to fall additional — a compelling various for individuals who concern HODLing will trigger the worth of their financial savings to fall. 

However in accordance with CoinEx, such crypto derivatives are sometimes inaccessible for on a regular basis customers — not least as a result of the choices on many exchanges are geared towards skilled traders.

Web sites offering crypto futures may be advanced and troublesome to navigate, that means there is a better threat of pricey errors being made. And an absence of tutorials and directions for newcomers can even result in misconceptions about how issues work.

CoinEx says it is making an attempt to vary all of this — pushed by a mantra of “making crypto buying and selling simpler.” 

The buying and selling platform is on a mission to make advanced merchandise straightforward to make use of — with complete and easy tutorials that demystify crypto futures. Video guides and illustrated directions can be found, and an intuitively designed web site reduces muddle and focuses on delivering a first-class consumer expertise. A buyer assist staff can also be available to reply any questions that stay.

CoinEx’s staff informed Cointelegraph: “With crypto costs falling, spot buying and selling has misplaced its momentum, and the futures market has turn into an space of intense competitors among the many main exchanges. CoinEx has taken a special method. By providing straightforward but environment friendly futures companies, we have attracted numerous rising crypto traders.”

A world presence

Figures from CoinEx recommend this customer-friendly method is paying off — not solely is its web site accessible in 16 languages, however the firm has now amassed three million customers in additional than 200 international locations worldwide.

The platform says the charges it modifications on trades are “market-beating” — and past detailed place data to assist customers preserve observe of their methods, a 180-day profit-and-loss evaluation can also be accessible for every account.

Giving prospects loads of selection additionally issues. In response to CoinEx, its platform helps a big number of futures buying and selling pairs, with greater than 100 sorts of futures now accessible. The buying and selling platform says it has listed a “premium, well-rounded choice” of digital belongings — and new cash are frequently being added. Due to this, the corporate says it ranks among the many high exchanges by way of the variety of cryptocurrencies it helps.

CoinEx has now been in operation for greater than 5 years — and the alternate says it has by no means suffered a safety breach over this timeframe, giving prospects peace of thoughts following plenty of high-profile hacks elsewhere within the sector.

Making crypto much less daunting

CoinEx’s founder and CEO, Haipo Yang, defined in a latest Q&A that cryptocurrencies at the moment are an “integral half” of world belongings — however whereas many customers have been curious to be taught extra about how they work, there’s typically a false impression that the market is dominated by “geeks {and professional} traders.”

He is been pushed by providing an alternate that is designed for most of the people — and argues that everybody deserves entry to the business.

“We work to take away customers’ misgivings concerning the crypto business and break monetary shackles,” the CEO stated. “We wish to ship a message that crypto buying and selling is a degree taking part in subject and that finance is in no way the privilege of sure teams of individuals.”

Catering to the plenty is about to play a key position in CoinEx’s future, with the staff vowing to proceed innovating so crypto derivatives are open to all.