Five advantages of futures contracts over CoinEx that stand out when compared to global futures trading platforms
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Answer Five advantages of futures contracts over CoinEx that stand out when compared to global futures trading platforms
In today’s crypto market, a lot of trading platforms including major trading platforms such as Binance, Huobi, Bybit and KuCoin offer futures contracts.
Huobi has extensive experience in futures contracts and offers a wide range of instruments.
However, its market share has fallen sharply, and the platform’s user traffic is also declining.
Bybit and Binance are professional futures trading platforms that require extensive industry knowledge, meaning they are geared more towards experts.
The bad news is that FCA has kicked Bybit out of the UK, while Binance has suffered several security breaches.Read:SEC Commissioner: Some NFT sales may be illegal
Futures beginners should avoid the highly demanding professional focused trading platforms.
Instead, they should use a platform like CoinEx which has a low threshold and simple operations.
Today, we will look at the advantages of futures contracts on the CoinEx trading platform:
first of all, Compared to professional-focused futures trading platforms such as Binance and Bybit, CoinEx Futures offers products that are simple and easy to use:
By doing so, it aims to allow all cryptocurrency investors to trade in futures contracts with ease, and to move futures trading outside the exclusive domain of professional traders.
With easy operations, convenient order placement, and clear position information, CoinEx users can trade futures contracts very smoothly.
secondly, Before starting to trade futures contracts on CoinEx, users can quickly master key points through the operating simulation lessons provided by the platform, helping them avoid common futures trading traps:
In terms of functionality, CoinEx Futures provides comprehensive and easy-to-use functions such as TP & SL, Close All and Futures Calculator, which helps users to manage their sites more easily.Read:TomoChain founder: Vitalik Buterin and the Ethereum network are in a difficult situation
CoinEx also boasts an incident-free record against frequent security scandals of its peers and competitors.
In 2020, KuCoin suffered a serious hacking incident which resulted in an asset loss of about $275 million.
Regardless of KuCoin, Binance, the largest cryptocurrency exchange, has been hacked multiple times.
In 2019, more than 7,000 bitcoins were stolen from the platform.
Binance’s frequent security breaches have put the trust relationship between the leading cryptocurrency exchange and its long-term users at risk.
While CoinEx has not experienced any security scandals in the five years since its inception, which indicates the strength of its security system.
On CoinEx, all crypto assets are 100% held.
The exchange does not misuse users’ assets for any reason.
In addition, all withdrawals are processed 100% in a timely manner.
CoinEx has also adopted multiple security strategies and built a good security system to fully protect its system and users’ assets. For example, the platform regularly conducts penetration tests to instantly identify security vulnerabilities, and monitor any abnormal changes in the system in real time.Read:Time magazine partners with Sandbox to build Times Square New York in Metaverse
Third, CoinEx boasts a comprehensive product suite that covers all categories of cryptocurrency:
In addition to futures contracts, CoinEx also provides many other products and services, including margin trading, AMM, mining, financial services, and the CoinEx Dock.
The platform features trading sections for BTC, BCH, ETH and stablecoins, over 500 innovative top-tier cryptocurrencies, and nearly 1,000 trading markets.
As a trading platform within the ViaBTC group, CoinEx is backed by a comprehensive ecosystem that brings together a mining pool, trading platform, wallet, blockchain and public chain, and institutional investors.
Today, CoinEx has gained worldwide recognition with its fast and stable performance and smooth deposit and withdrawal.
In the future, the platform will continue to strive for a comprehensive and stable service ecosystem.
Fourth, CoinEx boasts years of experience in the crypto space:
CoinEx is backed by an established team of technical experts who are highly experienced in the security of systems, processes, and wallets.
For example, Haipo Yang, founder of CoinEx, is a high-level technical expert in the industry.
During the early days, the ViaBTC aggregator launched and completed all the coding.
Additionally, members of the CoinEx core team have a background in world-renowned companies focused on the Internet or finance, including some of the early crypto practitioners and investors.
The team has expertise in technology research and development and global operations.
When it comes to technology, CoinEx has independently built the world’s first 10,000 TPS trade matching engine which allows it to perform 10,000 transactions per second, and works steadily despite massive transaction matching.
Additionally, at CoinEx, deposits arrive as quickly as possible within five minutes, and small withdrawals are processed in real time.
The CoinEx system remains stable and strong even when trading volume is rising during a bull market.
When it comes to technology, CoinEx has independently built the world’s first 10,000 TPS trade matching engine which allows it to perform 10,000 transactions per second, and works steadily despite massive transaction matching. In addition, at CoinEx, deposits arrive as quickly as possible within five minutes, and small withdrawals are processed in real time. The CoinEx system remains stable and strong even when volume is high during a bull market.
Fifth, CoinEx is centered and focused on improving the user experience:
Given its global presence, CoinEx has always prioritized products, services, and user experiences.
As the platform explores international markets, it has remained committed to product development and the user first principle.
Currently, CoinEx offers its services in markets around the world 24/7.
Available in 16 languages, the platform continues to venture into new markets.
It is worth noting that the design of the CoinEx product features an interactive experience that combines elements such as aesthetics, simplicity, smoothness and practicality, allowing users to benefit from simple and elegant operations.
This also shows that the CoinEx team is always committed to product improvement, providing users with comprehensive cryptocurrency trading services that are more satisfactory and considerate.
In general, when choosing a suitable futures trading platform, apart from security, users should consider whether the platform’s products are easy to use and whether its operations are convenient.
Additionally, they must also account for the products and services available on the platform to benefit from efficient and satisfying cryptocurrency trading experiences.
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