When making investments on a cryptocurrency exchange, cryptocurrency users have several choices. The first choice is spot trading (e.g. buying BTC). However, in this case, investors can only profit from their holding of crypto when the price rises in the face of volatility in the crypto market. The second choice is to trade derivatives. For example, by trading delivery contracts, investors can derive more profit from price movements through high leverage compared to their spot yields. However, they cannot keep their delivery contracts for the long term, because these contracts will eventually expire, and this is where the third option comes in: futures contracts (also called “Futures contracts”).
Although they are financial derivatives, futures contracts differ from delivery contracts in that they have no expiration/settlement date, which means an investor can hold onto a 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 functions, these rigs can be roughly divided into two categories: entry-level rigs and pro-level rigs. Although pro-level platforms are more suitable for veteran 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 cryptocurrencies. On these platforms, beginners 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, spanning product upgrades, trading mechanisms, asset protection, and services and experiences, which has enabled it to gaining great recognition among futures traders. In 2021, the exchange made a huge breakthrough in terms of futures trading volume, and one of the key factors for its success is the simplicity and ease of use 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 such as 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.
It is extremely easy to open/close a position on CoinEx. Users can start 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 create 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 don’t have to worry about holding a position overnight. This feature has also made it easier to trade futures on CoinEx. Meanwhile, after opening a position, users can check the real-time PNL of their current position to make well-informed trading decisions.
II. CoinEx Futures covers over 100 futures markets
Besides the versatility of features, coverage is also 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 that are recognized by the cryptocurrency market. It also shows CoinEx’s attention to users’ trading needs as well as its constant efforts to refine its products.
III. CoinEx helps users seize market opportunities with low trading fees and a safe and stable system
Although product diversity is a major factor influencing the market share of a futures trading platform, as the market continues to mature, focusing solely on mainstream crypto assets in the development and l Mining futures is unlikely to attract users or maintain market share over the long term. As such, to become more competitive, a trading platform should provide more types of futures that cater to different investment needs based on the latest market development. Over the years, CoinEx has collected innovative crypto-assets and identified many premium cryptos. This has helped users to grab top-notch benefits and won the exchange wide recognition among crypto investors.
Also, the user experience of futures trading is of great importance. Always putting users first, CoinEx has not suffered from any security breaches 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 safe and stable system, CoinEx has become one of the favorite futures trading platforms for crypto users.
Warning: This article is promotional content and does not constitute investment advice. Do your own research and only invest the money you can afford to lose.