Futures trading has skyrocketed over the past year. Thanks to the crypto bull market of 2021, a wide range of decentralized projects have flourished, which has catalyzed the growth of the futures market. As the crypto bull market progressed, the futures market remained popular throughout 2021. At the moment, it has even outperformed the cash market and has become the mainstream investment choice among crypto adopters. Meanwhile, futures trading volume has hit new highs despite turning into a bear market. Earning multiplied returns by trading futures is one of the most important ways to profit from a bearish market.
Fueled by increasing market awareness of the prospect of crypto futures, competition in this category has intensified. As a growing number of crypto investors enter the futures market, the major crypto trading platforms are locked in stiff competition. Today’s futures market is one big pie, and only platforms with solid products can grab more shares.
As a long-standing crypto trading platform, CoinEx started investing in the futures category a long time ago and has been dedicated to developing better futures products. The exchange is one of the earliest global crypto trading platforms with a full range of products and services. Taking a long-term perspective when the cash market was thriving, CoinEx ventured into the derivatives market to offer users versatile crypto products and services. This also laid a solid foundation for CoinEx Futures to grow. In 2021, CoinEx futures trading volume increased by 6,840% YoY, which was a major breakthrough.
In a market where the major crypto trading platforms are scrambling to grab more share of the futures market, how should CoinEx stand out?
In the past, big trading platforms had an absolute advantage in competing with competitors in a new field thanks to their strong resource reserves and funding capacity. In addition, the giants are also more experienced in the futures segment compared to less established platforms. The number of futures investors is currently increasing and the need for futures products is also increasing. Aside from market recognition, investors’ interests depend on many other aspects that include product experience, number of trading pairs available, funding rate rules, auto-deleveraging (ADL) mechanism, insurance payments, and platform liquidity. At the end of the day, investors will realize that simple, easy-to-use products and professional, satisfactory services are the key factors that attract them to a trading platform and keep them there.
Recently, CoinEx updated its tagline to “Making Crypto Trading Easier,” indicating that improvements will also shift CoinEx Futures towards simplicity and ease of use. By offering simple futures products, CoinEx will break the high bar of futures trading that investors used to believe. Meanwhile, the exchange also aims to allow all crypto investors to easily trade futures and move futures trading out of the space reserved exclusively for professional traders.
Most users who have traded futures on CoinEx are satisfied with the simple, user-friendly features. First of all, with simple operation, convenient order placing and clear position information, CoinEx users can trade futures through an extremely smooth process, from the moment they open a position to the moment they close it. Second, before they start trading futures on CoinEx, users can quickly master the key points through simulated operations tutorials provided by the platform, which will help them avoid common futures trading pitfalls. Users can effortlessly manage their positions thanks to the all-inclusive, user-friendly features including TP & SL, One-Click Liquidation and Futures Calculator provided by CoinEx Futures.
CoinEx now offers 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 pricing mechanism called Mark Price, which is determined by the futures price on many mainstream platforms, which protects users from abnormal market fluctuations. Meanwhile, CoinEx has also launched several futures mechanisms covering insurance fund and auto-deleveraging (ADL) to guarantee zero recovery for liquidation.
Many users have this misconception 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 that enable smooth, safe and reliable futures trading services and help traders leverage the first mover advantage. It should be noted that since its launch 5 years ago, CoinEx has never suffered a security breach. Although many of the top platforms have faced scandals such as security attacks, CoinEx has managed to maintain its system security, allowing all crypto users to trade futures on the exchange in a safe and stable manner.
Security is essential to the existence and growth of crypto trading platforms, while simple, user-friendly futures products act as the cornerstone of the general crypto market. CoinEx is poised to differentiate itself from its peers amidst the cut-throat competition.
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