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As Crypto Competition Intensifies, How Should CoinEx Futures Stand Out?

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As Crypto Competition Intensifies, How Should CoinEx Futures Stand Out?

Over the past year, the trading volume of futures had surged. Thanks to the crypto bull of 2021, a wide range of decentralized projects have flourished, which has catalyzed the growth of the futures market. As the crypto bull advanced, the futures market remained popular throughout 2021. Right now, it has even surpassed the spot market and become the mainstream investment choice among crypto users. Meanwhile, the trading volume of futures has reached new highs despite the switch to a bear market. Earning multiplied returns by trading futures is one of the primary ways to profit from a bearish market.

Driven by the increasing market recognition for the prospect of crypto futures, competition in this category has intensified. As a growing number of crypto investors foray into the futures market, the major crypto trading platforms are involved in fierce competition. Today’s futures market is a big cake, and only platforms with sound products may grab more shares.

As a long-standing crypto trading platform, CoinEx started investing in the futures category a long time ago and has been committed to creating better futures products. The exchange is one of the earliest global crypto trading platforms with a full range of products and services. CoinEx took a long-term view when the spot market was flourishing and ventured into the derivatives market to provide users with versatile crypto products and services. This also laid a solid foundation for the growth of CoinEx Futures. In 2021, the trading volume of CoinEx Futures surged by 6,840% year-on-year, which was a huge breakthrough.

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In a market where the major crypto trading platforms are trying everything to take more shares of the futures market, how should CoinEx stand out?

In the past, thanks to their strong resource reserve and funding capacity, large trading platforms had an absolute advantage when competing with rivals in a new field. Moreover, compared with less established platforms, the giants are also more experienced in the futures segment. At the moment, the number of futures investors is on the rise, and their requirement for futures products has also become increasingly rigorous. Apart from market recognition, investors’ interests hinge on many other aspects, spanning the product experience, the number of trading pairs available, the rules of the funding rate, the Auto-Deleveraging (ADL) mechanism, insurance payments, and platform liquidity. At the end of the day, investors will come to realize that simple, easy-to-use products and professional, satisfying services are the crucial factors that attract them to a trading platform and persuade them to stay.

Recently, CoinEx has upgraded its slogan to “Making Crypto Trading Easier”, which indicates that CoinEx Futures will also shift towards simplicity and ease of use through improvements. By offering simple futures products, CoinEx will shatter the high threshold of futures trading as investors used to believe. Meanwhile, the exchange also aims to allow all crypto investors to trade futures with ease, moving futures trading out of the realm that’s exclusive to professional traders.

Most users who have traded futures on CoinEx are satisfied with its simple, easy-to-use features. First of all, with easy operations, convenient order placement, and clear position information, CoinEx users can trade futures through an extremely smooth process from the moment they start a position to the moment they close it. Secondly, before starting to trade futures on CoinEx, users can quickly master the key points through simulated operation tutorials provided by the platform, which help them avoid the common traps in futures trading. Finally, thanks to the all-inclusive, easy-to-use features, including TP & SL, one-click liquidation, and futures calculator, provided by CoinEx Futures, users can manage their positions effortlessly.

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CoinEx now features more than 100 futures markets where users can trade both linear contracts and inverse contracts, with multiple trading pairs available. In addition, the exchange uses a unique price mechanism called the Mark Price, which is determined by the futures price on many mainstream platforms and protects users from abnormal market swings. Meanwhile, CoinEx has also introduced multiple futures mechanisms, covering the Insurance Fund and Auto-Deleveraging (ADL), to guarantee zero clawback for liquidation.

Many users have this misperception that “simple, easy-to-use products are never professional or secure”. In fact, the opposite is true — CoinEx Futures are backed by strong risk-control measures and security mechanisms, which enable smooth, secure, reliable futures trading services and help traders seize the first-mover advantage. It should be noted that CoinEx has never suffered any security breach since its inception 5 years ago. Though many of the top platforms faced scandals such as security attacks, CoinEx has managed to preserve its system security, allowing all crypto users to trade futures in a secure, steady manner on the exchange.

Security is essential to the existence and growth of crypto trading platforms, while simple, easy-to-use futures products function as the cornerstone of the general crypto market. CoinEx is all set to stand out from its rivals amidst the cut-throat competition.

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5 Up-and-Coming DOGE Projects that Might be Worth Your Money

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5 Up-and-Coming DOGE Projects that Might be Worth Your Money

In the 2021 bull run, cryptocurrencies that played on the dog theme dominated the market. It all started on April 2nd, when Elon Musk tweeted “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” In the weeks that followed, Dogecoin – cryptocurrency’s original meme – skyrocketed from a meager $0.05 to a high of $0.75 on May 7th. That means a DOGE holder who had $100 of Dogecoin on April 2nd would have had $1500 less than a month later.

With the Tesla CEO incorporating DOGE into its accepted payments for merchandise sales and supercharging stations and suggesting that people who subscribe to Twitter Blue should be able to pay with Dogecoin, DOGE itself (approximately $0.08 at the time of writing) still has massive upside potential. But many feel as though they’ve missed out on the asset’s heyday. They’re looking for the next 10,000x that only comes from early adoption. These five dog-themed coins have the potential to do just that.

  1. Baby Doge ($BABYDOGE) is a deflationary token designed to become more scarce over time. They charge a 5% fee for each sale of the asset and redistribute that fee to Baby Doge Coin holders – meaning the longer you hold, the more you can earn. It’s worth noting that Musk himself tweeted about Baby Doge on July 1st 2021. Currently, Baby Doge sits at $263 million market cap.
  2. Dogelon Mars ($ELON) is a dog-themed project that seeks to outpace Dogecoin’s success. As the website says, “I am Dogelon. Dogelon Mars. Join me and together we will reach the stars.” The page refers to Musk’s vision of colonizing Mars – though the controversial billionaire has yet to mention the asset. ELON is currently ranked #126 on CoinMarketCap with a market cap of $267 million.
  3. Mini Doge ($MINIDOGE) started as a deflationary meme coin, but it’s since evolved into a Web 3 ecosystem complete with a play-to-earn adventure game that allows holders to earn NFTs and more tokens as they go. Mini Doge has a market cap of only $2.3 million.
  4. Pulse Doge Win ($PULSEDOGE) is a community meme token that was built on Binance Smart Chain with the intent of bringing adoption to PulseChain – a new layer 1 blockchain set to launch later this year. The website claims that those who hold PulseDoge on BSC at the time of PulseChain’s launch will receive an equal 1:1 airdrop on PulseChain. This means that if you buy the token now, you’ll get double for your money. PulseDoge has a $7.5 million market cap.
  5. Dogechain ($DC) is an up-and-coming layer-1 blockchain designed to give DOGE more DeFi utility. For a limited amount of time, $DOGE holders will be able to freeclaim $DC tokens when they bridge their DOGE over from centralized exchanges or other chains. Staking bridged $DOGE will yield $DC tokens over time, while staking $DC will allow users to earn yield, prizes, rewards, and voting rights on the Doge DAO. This means that buying $DOGE now could yield exponential gains when $DC launches. Additionally, the DogeChain team has been conducting a grand-a-day giveaway for the entire month of May. There are still a few days left to get involved.

2021’s epic bull run is over, but there will be another bull market, and people love their dogs. Dog-themed projects will continue to dominate the memecoin space for the foreseeable future. Will you 1,000x?

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Phemex Mobile App Offers First Class Crypto Trading Even When You’re On The Go

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Phemex Mobile App Offers First Class Crypto Trading Even When You’re On The Go

Every crypto trader knows how frustrating it can be when there is an opportunity for a great trade but they aren’t by their computer. This is the reason why Phemex has launched its mobile app on both the Android and iOS platforms. The app offers a premium trading experience even when you are on the go. It is a powerful tool for making important market moves; all in the palm of your hands!

Unlike most crypto trading apps in the space, which offer clunky and hard-to-navigate UIs, the Phemex mobile app features an intuitive UI designed exclusively with the needs of the users in mind. It’s so simple to use that even beginners have no problem navigating through the app. It offers all functions a user might need including spot trading, deposits, trading bonus, derivatives markets, etc, all right on the Home Screen. This saves users the hassle of having to figure out where these features are.

The Best Of Crypto, All In One App

The Phemex mobile app offers everything that a trader can think of. It facilitates various types of trading accounts as well as one of the fastest and most seamless deposits and withdrawal options. For example, a user can simply click Deposits straight from the Home Screen, fund their wallets, and begin trading with no hassle. Instead of just offering an option to copy a wallet address for deposits, it also offers the option of simply scanning a QR code to make a deposit.

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When it comes to trading activities such as shorting or longing for a digital asset, no one does it better than Phemex. The crypto exchange offers traders the option to long and short a single asset if they desire. On the cross-margin side, users can create sub-accounts from which they can easily transfer coins in and out. This protects the user from having their entire portfolio liquidated if a trade goes wrong since a sub-account is a completely different portfolio that is unaffected by the main account or other sub-accounts.

The app also features a crypto converter feature. What this does is allow users to be able to quickly convert any cryptocurrency into USD. They are also able to send the funds directly to the contract trading wallet, which makes Phemex one of the only platforms to allow this.

For contract trading, traders can easily access it by clicking the Contract button provided on the Home Screen. Users can also see all of the trading charts in this feature which they can use for asset analysis and trading decisions. It features a variety of order types including stop limits and other advanced trading options.

Why You Should Use Phemex

Using Phemex is one of the best decisions a crypto trader can make. It features a highly competitive fee structure alongside offering a wide range of token listings and deep liquidity for traders. Designed with the community in mind, Phemex provides quick order execution alongside its intuitive interface.

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The crypto exchange is also putting on events and offers where traders are able to benefit massively. Trading competitions are held yearly where traders are able to share from a large prize pool. And that’s not all–Phemex users are able to benefit just by referring others to the platform thanks to our bonus reward referral system.

Using the Phemex mobile app keeps traders afloat on everything that is happening in the crypto market. It updates them on the latest news and events, as well as notifying them of what offers are live.

Traders should note though that certain tokens can attract high withdrawal fees. This varies based on the token. The Phemex derivatives market also does not carry the same level of liquidity due to the fact that it is still a relatively young exchange.

However, given the age of the crypto exchange, it is quite impressive the wide range of features and benefits it offers. It features an excellent and accessible customer support desk that is available 24/7 to handle any issues that traders might run into.

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The exchange has since grown to more than two million active users across over 200 countries. With its mobile app, it provides even more access to crypto traders and investors, regardless of whether they are beginners or experts. It was the first major exchange to introduce an optional membership model for zero spot trading fees.

Phemex has been breaking barriers since its inception in 2019 and it does not intend to stop anytime soon.

For more info;

Download Phemex app on Android

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Download Phemex app on iOS

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Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It

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Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It

May has been an explosive month for cryptocurrency, with huge market crashes and the complete collapse of LUNA causing a massive downturn in average trading figures. To add to this news, Coinbase’s recent financial reporting release doesn’t shine favorably on the decentralized exchange.

With over 98 million verified users and billions in controlled assets, many thought of this institution as simply too big to fail. Yet, things aren’t looking good for Coinbase, with their recent announcement suggesting that they may soon have to file for bankruptcy.

To make matters worse, due to the lack of regulation within decentralized systems, if Coinbase fails, all of the money on the platform that was invested by users into cryptocurrency may also be hanging in peril. This could technically mean that millions of Coinbase users around the globe may lose access to all of the money they’ve invested in cryptocurrency.

A huge part of what’s causing this situation to spiral so quickly is the fact that the US government has not had to deal with a cryptocurrency exchange going bankrupt, meaning a whole plethora of financial and legal questions have begun to arise.

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Commenting on this possibility, a Georgetown University law professor that specializes in bankruptcy, Adam Levitin, speculated, “What happens to a customer if an exchange files for bankruptcy?” Going on to answer his own question, “It ends very badly for customers.”

Levitin’s comments further add to the general sense of unknowing, with several experts all having different opinions. Although Brian Armstrong, the CEO of Coinbase, said on Twitter that user’s funds would be safe, there is actually very little clarification around if this is true, and the extent to which users would be able to sell or transfer their funds if the whole exchange where to go bust.

This situation became even more drastic earlier in May, when Coinbase announced its first-quarter earnings for 2022, with over $430 million in losses and a monthly user drop of nearly 19%.

Following their earnings report, Coinbase stated that “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.” Much like Levitin speculated in April, this would mean that users become unsecured creditors, essentially losing any right to claim their own invested money if the company were to officially file for bankruptcy.

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How Can I Secure My Cryptocurrency?

The world of cryptocurrency is (rather ironically, in this case) founded on the principles of ownership and moving beyond centralized systems. While this offers a huge range of benefits, it also means that cryptocurrency exchanges are not secured by the FDIC’s protection deposits. Normally, if a banking system were to fail, its users are protected for up to $250,000. This simply isn’t the case with crypto exchanges.

There are a range of personal wallets that users can turn to, transferring their exchange-centered wallets to a system where they will always have access. The vast majority of these wallets are accessed by using a browser extension, providing an easy way of accessing them when online.

However, many users that haven’t used a personal wallet before may find this process confusing, especially when trying to transfer their funds from an exchange. Equally, browser extensions are notoriously unsafe, as they lack a large amount of regulation that other platforms have to surpass.

Due to the mix of ease and providing a more secure way of holding your cryptocurrency, other services have arisen that aim to provide crypto-beginners with a more straightforward way of creating and using a personal wallet. Ambire is one of these.

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By creating a web application, Ambire has none of the same security risks as a browser extension, providing users access to multiple networks like Ethereum, BSC, Avalanche, Polygon, and more without any hassle.

If you’re looking to rapidly transfer your cryptocurrency funds off major decentralized exchanges and onto a personal wallet, then services like these are by far the easiest way of doing so. Equally, once you’ve collected all of your cryptocurrency, NFTs, and other digital assets from across the different DEXs that you’re using, you’ll then have one go-to location where you can get an overview of everything.

Not only does getting a personal digital asset wallet ensure that your funds are safe if the DEX that you’re using goes bankrupt, but it also boosts the convenience of crypto and NFTs, having absolutely everything in one location.

Final Thoughts

While the decline of Coinbase is a point of worry for cryptocurrency investors, this event has also made investors around the globe realize that they need to be more careful about how and where they’re storing their digital assets. No matter how much someone has invested into cryptocurrency, if they’re doing that investing from a wallet hosted on a decentralized exchange, then their accounts will be treated as collateral of the service they use.

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Those interested and invested in blockchain should take the case of Coinbase as a warning and start to take preventative measures to secure their investments. By opening up a personal wallet, you’ll be able to have complete ownership of any investments that you make, ensuring that your money stays in your wallet and in your control.

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