Nowadays, the development of the cryptocurrency market has entered a new stage. Cryptocurrencies have become an indispensable part of global assets, and cryptocurrency technology is also influencing more and more industries and users, benefiting ordinary people. Founded in 2017, CoinEx, a cryptocurrency trading platform, is based globally and adheres to the service concept of “user first”. It aims to provide simple, convenient, professional, and intuitive cryptocurrency products and services to investors worldwide, meeting their diverse trading needs.
Since 2023, while refining its platform products, CoinEx has also been improving its financial management and other services, providing more possibilities for global cryptocurrency users to engage in financial transactions. At the same time, it embraces various types of industries globally to create a win-win industry ecosystem.
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Providing diverse financial management services and creating more trading possibilities
1. Wealth management
2. Automated Market Maker (AMM)
3. Staking and borrowing
Comprehensive product and service enhancements, launching “Strategic Trading” and Broker Program
Adhering to the “good, comprehensive, fast” listing strategy, providing 700+ high-quality cryptocurrencies
Adhering to the principle of “user first” and creating a win-win industry ecosystem
According to the official website of CoinEx, its financial management services currently include wealth management, AMM, and staking and borrowing. The related product introductions and highlights are as follows:
CoinEx’s wealth management products offer a relatively safe and secure investment method for platform users to maximize the use of idle assets and earn additional income. The wealth management revenue is derived from 70% of the total interest income from leveraged borrowing and staking and borrowing based on the proportion of users’ wealth management account balance.
Users only need to transfer idle assets to their CoinEx wealth management account to enjoy additional income generated by the platform without the need for trading. CoinEx’s wealth management features simplicity, convenience, on-demand withdrawal, compound interest calculation, and no minimum balance requirement. Users can easily and conveniently use CoinEx’s wealth management products without any threshold.
AMM stands for Automated Market Maker. CoinEx combines AMM with an order book system, automatically converting the fund pool into an order book. In addition, CoinEx adopts the algorithm of “constant product market maker model” in AMM. Regardless of the size of the order book or the liquidity of the fund pool, it can provide liquidity to the market.
Currently, CoinEx has enabled AMM functionality for hundreds of trading pairs. Each market that supports AMM has a fund pool, and users can provide liquidity to the market by injecting funds into the pool, becoming an automatic market maker for that market and receiving fee dividends from CoinEx platform.
The revenue of CoinEx’s AMM mainly comes from the fee dividends distributed by the platform. All CET trading markets distribute 100% of the fees to liquidity providers, while other AMM markets distribute 50% of the fees to liquidity providers. The fee dividends are calculated hourly, aggregated, and injected into the fund pool. Users can receive cumulative income when withdrawing liquidity.
Staking and borrowing is a financial service provided by CoinEx to meet users’ short-term liquidity needs. Users can borrow one or more digital assets without selling their own digital assets by pledging them. The borrowed assets can be used for trading, investment, wealth management, or withdrawal.
Compared to other platforms, CoinEx offers a higher initial collateralization ratio, allowing users to borrow more against the same value of assets, thereby increasing their capital utilization. CoinEx supports multiple currencies as collateral, and when borrowing the same currency, users can also pledge multiple currencies simultaneously, making the operation simple and convenient. In addition, CoinEx’s staking and borrowing feature offers instant account credit and the flexibility to borrow and repay at any time.
In February 2023, CoinEx launched the strategic trading feature, helping users plan their investments in advance. Currently, CoinEx’s strategic trading section has launched the Dollar-Cost Averaging (DCA) and Spot Grid features. Platform users can create their own trading strategies and utilize functions such as automatic DCA and Spot Grid to simplify their cryptocurrency investments.
CoinEx’s DCA feature enables users to achieve “lazy” and simple investments. After creating a plan, the system will automatically deduct funds and place orders according to the user’s preset investment amount and investment cycle, eliminating the need for manual operations every time. The Spot Grid feature enables users to automatically buy low and sell high by creating a grid, helping them achieve circular arbitrage during volatile market conditions.
In 2023, CoinEx also launched the Global Broker Program, which not only meets the needs of more professional traders but also enhances the trading experience of platform users. Through brokers, CoinEx users can use more diverse investment tools and manage their cryptocurrency assets more securely and freely, while enjoying a more professional and comfortable trading experience.
In the cryptocurrency market, selecting quality projects for users worldwide who have trading and investment needs is the fundamental purpose of a cryptocurrency trading platform. However, unlike many other cryptocurrency trading platforms, CoinEx does not pursue quantity but quality when listing tokens. Since its establishment, CoinEx has been adhering to high-quality listings, providing its users with more diverse and high-quality investment choices in cryptocurrency assets. This also demonstrates CoinEx’s principle of prioritizing user interests and putting users first.
In terms of screening cryptocurrency assets, CoinEx gathers high-potential and valuable projects in the cryptocurrency market, providing users with more innovative, high-quality, and diverse investment choices, helping users seize market opportunities. According to CoinEx’s cryptocurrency information, it currently supports over 700 high-quality cryptocurrencies, covering various popular tracks and star projects such as MEME, PoW, DeFi, GameFi, SocialFi, Avalanche, Solana, Layer2, and Cosmos.
Regarding listing strategy, CoinEx adheres to the principle of “good, fast, and comprehensive”, with “good” being the priority. It does not blindly pursue quantity, hot spots, or exclusivity, and remains committed to this belief. For token listings, CoinEx employs multiple mechanisms, involves multiple teams, and conducts comprehensive evaluations, resulting in a funnel-shaped listing process. Regardless of the popularity of a project, CoinEx’s listing team always adheres to strict review mechanisms, and if any part of the process poses risks, the project will not be approved. This is also an embodiment of CoinEx’s user-oriented principle and its commitment to “user first”.
In addition to the Broker Program, CoinEx launched the KOL Growth Program in August this year and initiated a million-dollar special fund, open to all content creators who are passionate about Web3 and blockchain. Through official funding support and IP traffic development, the CoinEx Growth Program will help KOLs grow rapidly and become promotional partners of CoinEx globally.
By continuously expanding its industry ecosystem and empowering various industry groups, CoinEx aims to create a win-win industry ecosystem. The CoinEx team has repeatedly expressed its commitment to the principle of “user first” and its responsiveness to user needs, providing diversified services, and striving to enhance user experience and satisfaction. While pursuing platform security, stability, and efficiency, CoinEx also aims to meet the diverse trading needs of investors worldwide and create a win-win industry ecosystem.
This article is provided by the official source and does not represent the position or investment advice of this website. Readers must conduct their own thorough evaluation.
