This is why CoinEX is the Best Exchange for Beginners

When making investments on a crypto exchange, crypto users have numerous choices. The first choice is spot trading (e.g. buying BTC). However, in this case, investors can just make money from their crypto holding when the price rises against the volatility of the crypto market. The 2nd option is to trade derivatives. For instance, when trading delivery agreements, investors can make more profits from price swings by means of high take advantage of compared with their spot returns. Yet they could not keep their delivery contracts over the long run as such agreements will ultimately end, which is where the third choice comes in– futures agreements.

Although both are monetary derivatives, futures contracts vary from delivery agreements because they do not have any expiration/settlement days, which implies that an investor might hold onto a futures agreement forever. Unlike spot traders, futures traders can open a position and start trading without needing to own the underlying possession. Thanks to its numerous advantages, futures contracts now make up half of the crypto market in regards to the trading volume.

Lots of crypto trading platforms now offer futures agreements. In terms of their functions, these platforms can be roughly divided into 2 categories: entry-level platforms and pro-level platforms. Though pro-level platforms are preferable for veteran futures financiers or professional traders, they are not friendly to inexperienced futures investors. Entry-level platforms, on the other hand, are developed for crypto novices. On such platforms, newbies can get more trading experiences and benefit from futures through simple, hassle-free futures functions.

Over recent years, CoinEx has actually accelerated its efforts to innovate and enhance futures trading, covering item upgrades, trading mechanisms, asset protection, and services & experiences, which assisted it make comprehensive recognition among futures traders. In 2021, the exchange made a big development in regards to the futures trading volume, and a key factor to its success is the easy, user friendly futures items.

I. CoinEx Futures has easy, user friendly functions that cover several mainstream and trending crypto markets

According to the CoinEx website, the exchange’s futures contracts now cover mainstream crypto trading markets such as BTC and ETH, in addition to multiple trending cryptos consisting of AAVE, AVAX, KDA and SOL. Moreover, users can trade futures on CoinEx through both Web and App.

It is very easy to open/close a position on CoinEx. Users can begin a position on its website or mobile app or close a position with one click. Furthermore, CoinEx Futures also features TP & SL, which enables users to develop a TP/SL rate for their present position. When the market rate strikes the TP/SL price, the system will close the position automatically, and users will not have to worry about holding a position over night. This function has actually also made it much easier for users to trade futures on CoinEx. On the other hand, after opening a position, users can inspect the real-time PNL of their current position to make knowledgeable trading choices.

II. CoinEx Futures covers 100+ futures markets

Apart from versatile functions, protection is also among the significant signs of a futures trading platform’s overall strength. Normally speaking, the more types of futures a platform offers, the stronger it remains in terms of item and innovation. At the moment, CoinEx functions 100+ futures markets and is introducing more futures items that are acknowledged by the crypto market. This likewise shows CoinEx’s concentrate on users’ trading requires in addition to its constant efforts in refining products.

III. CoinEx assists users capture market opportunities with low trading charges and a secure, steady system

Though item variety is a major factor influencing the market share of a futures trading platform, as the market continues to develop, the large focus on mainstream crypto properties in futures development and operation is not likely to attract users or sustain its market share over the long term. As such, to become more competitive, a trading platform must offer more kinds of futures that satisfy various financial investment needs according to the current market development. Over the years, CoinEx has collected innovative crypto properties and determined numerous premium cryptos. This has actually helped users take first-mover benefits and made the exchange extensive acknowledgment amongst crypto investors.

In addition, the user experience of futures trading is of terrific importance. Always putting users first, CoinEx has suffered no security breach in the 5 years since its beginning. The exchange has long devoted itself to enhancing user experiences and optimizing products and services. Thanks to its low trading fees, basic, easy-to-use items, and safe, steady system, CoinEx has turned into one of the preferred futures trading platforms among crypto users.