When making investments on a crypto exchange, crypto users have several choices. The first choice is spot trading (e.g. buying BTC). However, in this case, investors can only profit from their crypto holding when the price rises against the volatility of the crypto market. The second choice is to trade derivatives. For instance, when trading delivery contracts, investors can earn more profits from price swings via high leverage compared with their spot returns. Yet they could not hold onto their delivery contracts over the long run as such contracts will eventually expire, which is where the third option comes in — futures contracts.
Although both are financial derivatives, futures contracts differ from delivery contracts because they do not have any expiration/settlement days, which means that an investor could hold onto a futures contract indefinitely. Unlike spot traders, futures traders can open a position and start trading without having to own the underlying asset. Thanks to its many advantages, futures contracts now make up half of the crypto market in terms of the trading volume.
Many crypto trading platforms now offer futures contracts. In terms of their functions, these platforms can be roughly divided into two categories: entry-level platforms and pro-level platforms. Though pro-level platforms are more suitable for veteran futures investors or professional traders, they are not friendly to inexperienced futures investors. Entry-level platforms, on the other hand, are designed for crypto beginners. On such platforms, newbies can gain more trading experiences and profit from futures through simple, convenient futures functions.
Over recent years, CoinEx has sped up its efforts to innovate and optimize futures trading, covering product upgrades, trading mechanisms, asset protection, and services & experiences, which helped it earn extensive recognition among futures traders. In 2021, the exchange made a huge breakthrough in terms of the futures trading volume, and a key contributor to its success is the simple, easy-to-use futures products.
I. CoinEx Futures has simple, easy-to-use functions that cover multiple 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, as well as multiple trending cryptos including AAVE, AVAX, and SOL. Moreover, users can trade futures on CoinEx via both 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 one click. Moreover, CoinEx Futures also features TP & SL, which allows users to create a TP/SL price for their current position. When the market price hits the TP/SL price, the system will close the position automatically, and users will not have to worry about holding a position overnight. This function has also made it easier for users 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 100+ futures markets
Apart from versatile features, coverage is also one of the major indicators of a futures trading platform’s overall strength. Generally speaking, the more types of futures a platform offers, the stronger it is in terms of product and technology. At the moment, CoinEx features 100+ futures markets and is introducing more futures products that are recognized by the crypto market. This also shows CoinEx’s focus on users’ trading needs as well as its consistent efforts in refining products.
III. CoinEx helps users capture market opportunities with low trading fees and a secure, stable system
Though product diversity is a major factor influencing the market share of a futures trading platform, as the market continues to mature, the sheer focus on mainstream crypto assets in futures development and operation is unlikely to attract users or sustain its market share over the long term. As such, to become more competitive, a trading platform should provide more types of futures that meet different investment needs according to the latest market development. Over the years, CoinEx has gathered innovative crypto assets and identified many premium cryptos. This has helped users seize first-mover advantages and earned the exchange extensive recognition among crypto investors.
In addition, the user experience of futures trading is of great importance. Always putting users first, CoinEx has suffered no security breach in the 5 years since its inception. The exchange has long dedicated itself to improving user experiences and optimizing products and services. Thanks to its low trading fees, simple, easy-to-use products, and secure, stable system, CoinEx has become one of the favorite futures trading platforms among crypto users.