CoinEx Futures has simple and easy-to-use features that cover multiple crypto markets
When investing in cryptocurrency exchanges, cryptocurrency users have different preferences. The first choice is spot trading (eg buying BTC). However, in this case, investors can only profit from their crypto holdings when prices rise in the face of volatility in the crypto market. The second choice is to trade derivatives. For example, by trading delivery contracts, investors can profit more from price movements through higher leverage than their spot yields. However, they cannot keep their delivery contracts for long periods, as these contracts will eventually expire, and this is where the third option comes in: futures contracts.
Although they are financial derivatives, futures contracts differ from delivery contracts in that they have no expiration/settlement date, meaning an investor can hold the futures contract indefinitely. Unlike spot traders, futures traders can open a position and start trading without owning the underlying asset. Thanks to its many advantages, futures contracts now account for half of the cryptocurrency market in terms of trading volume.
Many cryptocurrency trading platforms now offer futures contracts. In terms of function, these rigs can be roughly divided into two categories: entry-level rigs and pro-level rigs. While pro-level platforms are more suitable for experienced futures investors or professional traders, they are not user-friendly for inexperienced futures investors. Entry-level platforms, on the other hand, are designed for beginners to cryptocurrency. On these platforms, newbies can gain more trading experience and profit from futures with simple and convenient features.
Over the past few years, CoinEx has accelerated its efforts to innovate and optimize futures trading, covering product upgrades, trading processes, asset protection, and services and experiences, which have enabled it to gain great recognition among futures traders. In 2021, the exchange made a huge leap in terms of futures trading volume and one of the main reasons for its success was the simplicity and accessibility of its futures products.
I. CoinEx Futures has simple and easy-to-use functions that cover multiple mass and trending crypto markets.
According to the CoinEx site, the exchange’s futures contracts now cover major cryptocurrency trading markets like BTC and ETH, as well as several hot cryptocurrencies, including AAVE, AVAX, and SOL. Additionally, users can trade futures on CoinEx via the web and app.
Opening/closing a position on CoinEx is extremely easy. Users can initiate a position on its website or mobile app or close a position with just one click. Additionally, CoinEx Futures also offers the TP&SL feature, which allows users to generate a TP/SL price for their current position. When the market price reaches the TP/SL price, the system automatically closes the position and users do not have to worry about holding the position overnight. This feature makes futures trading on CoinEx even easier. Meanwhile, after opening a position, users can make well-informed trading decisions by checking the real-time PNL of their current position.
2. CoinEx Futures covers over 100 futures markets
Apart from the versatility of features, coverage is one of the main indicators of the overall strength of a futures trading platform. Generally speaking, the more types of futures a platform offers, the stronger it is in terms of product and technology. Currently, CoinEx offers more than 100 futures exchanges and introduces more futures products recognized by the cryptocurrency market. It also shows CoinEx’s attention to users’ trading needs as well as continuous efforts to refine its products.
III. CoinEx helps users seize market opportunities with low trading fees and a secure and stable system
While product diversity is a major factor affecting a futures trading platform’s market share, as the market matures, focusing solely on mainstream crypto assets in development and l mining futures is unlikely to attract users or maintain market share over the long term. . As such, to be more competitive, a trading platform should offer more types of futures that cater to different investment needs based on the latest market developments. Over the years, CoinEx has accumulated innovative crypto-assets and identified many premium cryptos. It has helped users to get top benefits and the exchange has won wide recognition among crypto investors.
Also, the user experience of futures trading is very important. Always putting users first, CoinEx has not suffered a security breach in the five years since its inception. The exchange has long been dedicated to improving user experience and optimizing products and services. Thanks to its low trading fees, simple and easy-to-use products as well as a secure and stable system, CoinEx has become a favorite futures trading platform for crypto users.
Caution: This article does not constitute promotional content and investment advice. Do your own research and only invest money you can afford to lose.