How Should CoinEx Futures Stand Out as Crypto Competition Increases?
The trading volume of futures had risen sharply in the past year. Thanks to the crypto bull of 2021, a wide variety of decentralized projects have blossomed, catalyzing the growth of the futures market. As the crypto bull progressed, the futures market remained popular in 2021. At present, it has even surpassed the spot market and has become the mainstream investment choice among crypto users. Meanwhile, futures trading volume has reached new highs despite the transition to a bear market. Getting multiplied returns by trading futures is one of the main ways to take advantage of a bearish market.
Driven by increasing market recognition for the prospect of crypto futures, competition in this category has intensified. With a growing number of crypto investors entering the futures market, the major crypto trading platforms are embroiled in fierce competition. Today’s futures market is a big pie, and only platforms with solid products are allowed to grab more stocks.
As a long-standing crypto trading platform, CoinEx started investing in the futures category a long time ago and is committed to creating better futures products. The exchange is one of the earliest global crypto trading platforms with a full range of products and services. CoinEx took a long-term view as the spot market thrived and ventured into the derivatives market to provide users with versatile crypto products and services. This also laid a solid foundation for CoinEx Futures growth. In 2021, CoinEx Futures trading volume increased by 6,840% year over year, which was a huge breakthrough.
How is CoinEx supposed to stand out in a market where the major crypto trading platforms are doing everything they can to capture more shares of the futures market?
In the past, large trading platforms, thanks to their strong resource reserve and financing capacity, had an absolute advantage in competing with rivals in a new field. In addition, compared to less established platforms, the giants are also more experienced in the futures segment. At present, the number of futures investors is increasing and their requirement for futures products has also become more and more strict. Aside from market recognition, investors’ interests depend on many other aspects, including product experience, number of trading pairs available, funding ratio rules, the Auto-Deleveraging (ADL) mechanism, insurance payments and platform liquidity. Ultimately, investors will realize that simple, easy-to-use products and professional, satisfying services are the crucial factors that draw them to a trading platform and convince them to stay.
Recently, CoinEx upgraded its slogan to “Making Crypto Trading Easier”, indicating that CoinEx Futures will also shift towards simplicity and ease of use through improvements. By offering simple futures products, CoinEx will break the high threshold of futures trading as investors used to believe. Meanwhile, the exchange also aims to enable all crypto investors to trade futures with ease, moving futures trading out of the realm that is exclusive to professional traders.
Most users who have traded futures on CoinEx are satisfied with its simple, easy-to-use features. First of all, with simple operations, easy order placement and clear position information, CoinEx users can trade futures through an extremely smooth process from the time they initiate a position to the time they close it. Second, before starting to trade futures on CoinEx, users can quickly master the key points through simulated operating guides provided by the platform, helping them avoid the common pitfalls associated with futures trading. Comprehensive, easy-to-use features including TP & SL, one-click liquidation and futures calculator provided by CoinEx Futures allow users to manage their positions effortlessly.
CoinEx now features over 100 futures markets where users can trade both linear contracts and inverse contracts, with multiple trading pairs available. In addition, the exchange uses a unique pricing mechanism, the Mark Price, which is determined by the futures price on many mainstream platforms and protects users from abnormal market movements. Meanwhile, CoinEx has also introduced multiple futures mechanisms, which cover the insurance fund and auto-deleveraging (ADL), to ensure zero chargeback for liquidation.
Many users have the misconception that “simple, easy-to-use products are never professional or safe”. In fact, the opposite is true: CoinEx Futures are backed by strong risk management measures and security mechanisms, enabling smooth, safe and reliable futures trading services and helping traders seize the first-mover advantage. It should be noted that CoinEx has never had a security breach since its inception 5 years ago. While many of the top platforms have faced scandals such as security attacks, CoinEx has managed to maintain system security, allowing all crypto users to trade futures on the exchange in a safe, stable manner.
Security is essential to the existence and growth of crypto trading platforms, while simple, easy-to-use futures products are the cornerstone of the overall crypto market. CoinEx is all set to stand out from its rivals amid the cutthroat competition.