What is CoinEX?
CoinEx It is a Centralized Exchange (CEX) just like Binance or FTX with a wide range of features such as Spot Trading, Futures, Margin Trading, Automated Market Maker.
CoinEx was founded in 2017 by Haipo Yang. Yang graduated from Northwsteern Polytechnical University in Mathematics and Applied Mathematics in 2012, and has worked with leading Chinese companies such as Tencent, Weibo and Futu Securities.
Yang first became aware of Bitcoin in 2011 and entered the Bitcoin Community in 2013. Three years later, he founded ViaBTC, a Bitcoin mining company with the highest hash rate in the Top 5 compared to all Bitcoin Mining Pools. world, and also offers various services related to Bitcoin mining. In 2017, CoinEx Exchange was launched, which is made up of over 200 CoinEx team members. The well-known Financial/Tech Company has a long history of working and investing, and investors who have invested with CoinEx all have experience in researching and developing products in the crypto world.
CoinEx currently has over 3,000,000 global users, supports over 16 languages, has over 2,000 global communities, $1 billion in 24h Trading Volumn, supports a total of 500 tokens, and Support more than 900 trading pairs ever.
Get to know CoinEx Futures
Future Trading
The crypto futures market is a market for trading. “Future Contracts” are created based on the price of a particular cryptocurrency. Users will be able to design more strategies than spot trading (normal buy and hold).
There are two types of futures contracts:
Long contract / Buy
The long contract is similar to the spot we hold in that the higher the price of the coin we are contracting, the more the long contract is worth. on the contrary If the coin price that we have contracted goes down The value of our contract will decrease. which this type of contract is suitable for Profitability in an uptrend market
Sell/Short contract
The short contract is the opposite of the long contract, in that the higher the coin price we are contracting, the lower the value of the short contract. on the contrary If the coin price that we have contracted goes down The value of our contract will increase. which this type of contract is suitable for Taking Profits in Down Markets or Hedgeing Our Portfolios
In addition to making profits in both bearish and rising markets, futures trading can also allow us to increase our return on investment. But it will come with higher risks as well. with a method known as “Leverage”
In CoinEx it allows users to leverage up to 100x or 100 times the principal amount. This means that if we have $1,000, we will be able to open positions of the asset we want to trade up to $100,000.
Advantages of Trading on CoinEx vs Thai Exchange
Because CoinEx trading board is an international trading board. Therefore, there will be a wider variety of coins to trade, more liquidity, and the ability to transfer cryptocurrencies. More freedom than Thai Exchange, moreover, is the Future function that can leverage our principal. At present, in the Thai Exchange, there is no one who can do this.
Most importantly, CoinEx’s perpetual futures contract prices are always close to spot prices (some exchanges have too many different prices which can confuse users), making it difficult for investors to manage their positions. to be liquidate with high efficiency
Moreover, CoinEx is also developing a Trade to Earn feature which should be released details soon…..
Advantages of Trading Futures on CoinEx
CoinEx Future offers comprehensive functionality and supports multiple coin trading.
Supports trading in many famous coins such as SOL , AVAX , AAVE or many others and has a complete function suitable for newbies who want to trade futures, whether viewing PNL (result rate profit and loss) in real time, allowing investors to make timely decisions, or it is a function of Take Profit / Stop Loss (TP/SL) that can be set automatically. To make it easier for investors to follow their strategies
CoinEx Future offers its users a good trading experience.
After more than 5 years of operation, CoinEx has never experienced any security issues and is always focused on improving it. To impress users with easy-to-understand product quality and low trading fees. and stable security system Until it has been trusted among crypto investors for more than 5 years.
Precautions for use
- Since CoinEx is an unregistered platform in Thailand. Even though the platform has been trusted by users for more than 5 years, we still have to be careful about events that may cause our assets to be lost.
- Futures trading should not be overly leveraged, it should be used in moderation. And liquidate points must be calculated and strategically placed before every open position to avoid losing assets from the high volatility of the crypto market.