Issues are wanting fairly risky 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 change into more and more out there — and figures counsel demand has remained sturdy regardless of the present downturn.
By means of futures contracts, crypto lovers can enter into positions once they consider costs are going to fall additional — a compelling different for many who concern HODLing will trigger the worth of their financial savings to fall.
However based on CoinEx, such crypto derivatives are sometimes inaccessible for on a regular basis shoppers — not least as a result of the choices on many exchanges are geared towards skilled buyers.
Web sites offering crypto futures will be complicated and troublesome to navigate, that means there is a better threat of pricey errors being made. And a scarcity of tutorials and directions for newcomers may also result in misconceptions about how issues work.
CoinEx says it is trying 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 complicated merchandise simple 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 advised Cointelegraph: “With crypto costs falling, spot buying and selling has misplaced its momentum, and the futures market has change into an space of intense competitors among the many main exchanges. CoinEx has taken a special strategy. By providing simple but environment friendly futures companies, we have attracted a lot of rising crypto buyers.”
A worldwide presence
Figures from CoinEx counsel this customer-friendly strategy is paying off — not solely is its web site out there 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 adjustments on trades are “market-beating” — and past detailed place info to assist customers maintain observe of their methods, a 180-day profit-and-loss evaluation can also be out there for every account.
Giving clients loads of alternative 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 out there. The buying and selling platform says it has listed a “premium, well-rounded choice” of digital property — and new cash are regularly being added. Due to this, the corporate says it ranks among the many high exchanges when it comes to the variety of cryptocurrencies it helps.
CoinEx has now been in operation for greater than 5 years — and the trade says it has by no means suffered a safety breach over this timeframe, giving clients peace of thoughts following a lot of high-profile hacks elsewhere within the sector.
Making crypto much less daunting
CoinEx’s founder and CEO, Haipo Yang, defined in a current Q&A that cryptocurrencies are actually an “integral half” of world property — however whereas many shoppers 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} buyers.”
He is been pushed by providing an trade that is designed for most 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 mentioned. “We wish to ship a message that crypto buying and selling is a stage taking part in subject and that finance is in no way the privilege of sure teams of individuals.”
Catering to the lots 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.
Disclaimer. Cointelegraph doesn’t endorse any content material or product on this web page. Whereas we intention at offering you with all essential info that we might receive, readers ought to do their very own analysis earlier than taking any actions associated to the corporate and carry full accountability for his or her selections, nor can this text be thought of as funding recommendation.
