CoinEx, which entered the crypto space in December 2017 and has since consolidated its position as a Bitcoin and altcoin exchange, is celebrating its fourth year. So, what makes CoinEx different from other exchanges, celebrating this milestone with various events and awards? What services do they offer to the user? In this article, we will be sharing information about CoinEx and the advantages of the exchange…
Fundamentals of CoinEx’s ecosystem and exchange
CoinEx is a cryptocurrency exchange established with the aim of providing users with a secure, stable and efficient platform. It was founded in December 2017 by Haipo Yang. It serves more than 2 million users in more than 100 countries, with the creation of a large international team as a result of their hard work. It supports many languages such as Turkish, Chinese, Japanese, Korean and Russian.
Borsa İstanbul provides stability and compatibility for high-volume transactions with its high-level technical team, high security protection and high-speed matching engine. The cryptocurrency exchange offers many options that professional traders would prefer to use, such as spot, margin and futures.
What distinguishes CoinEx from other exchanges?
The most user-friendly and innovative exchange on the market, CoinEx has stood out from its peers with its seamless trading experience since its launch four years ago and has become a recognized, innovative exchange. The exchange, which sees users as the main building block of the platform; He formulated a long-term and prudent development plan that encompasses changes throughout the bear market that swept the cryptocurrency markets in 2018.
CoinEx has expanded its product range to include spot, margin trading, perpetual contracts and futures to meet users’ trading demands and create a broad ecosystem. While other exchanges often use the same demo technologies to save costs, the independently developed trading system at CoinEx addressed trading issues that were plaguing users. This system provides fast responses and efficient interactions, providing CoinEx users with a premium trading experience.
Security has become a priority for exchanges as many crypto exchanges suffer from major security breaches. For users, security is a key factor in choosing an exchange. In this regard, CoinEx has always been extremely vigilant and the exchange has had no security breaches since launch.
The exchange is also taking firm steps towards globalization and aims to facilitate the growth of the global cryptocurrency industry. CoinEx has focused on global markets in the last 2 years, reaching millions of users worldwide and providing multi-language support. We will examine below what the stock market, which stands out with its wide ecosystem, offers…
CoinEx and its broad ecosystem
Apart from the exchange, CoinEx’s ecosystem includes ViaBTC, ViaWallet and CoinEx Smart Chain. ViaBTC is a global and comprehensive mining pool. It offers cryptocurrency mining services to users in over 130 countries. ViaWallet is a cryptocurrency wallet that gives users personal control with private keys.
CoinEx Smart Chain (CSC) is a highly energy efficient network and helps users build decentralized applications. CoinEx created the public network, CSC, after a long process of planning. The chain has adopted decentralization based on decentralized finance (DeFi) ecosystem applications that support yield farming. Adopting the Proof of Stake (PoS) and Proof of Authority (PoA) consensus mechanism, CSC improves the speed of interactions within its ecosystem and increases throughput capacity, which significantly reduces block time while ensuring the openness and transparency of the network. In terms of public chains, CoinEx has recorded an outstanding performance. As a core Blockchain infrastructure, CSC shows great growth potential.
Take-profit and stop-loss feature
CoinEx also launched the take-profit and stop-loss feature on its website on October 28, 2021. Thus, users of the platform have the ability to take their profit and stop their transactions without making a loss. To use the take profit and stop loss features, users set a trigger price level. In case the market rises, the profit is taken automatically. In case of a decrease, the loss is stopped and the trade is realized with the least damage.
CET Token (CET)
CoinEx also has cryptocurrency. CoinEx Token (CET), released in January 2018, is the native token of CoinEx Chain. CET is used for discounts on transaction fees and purchasing value-added services on CoinEx. Also, transaction fees on CoinEx Chain are paid with this token. CET holders can participate in staking on the CoinEx Chain. Token holders can submit bids and participate in voting within the CoinEx ecosystem.
Transaction fees on CoinEx exchange
According to the cryptocurrency exchange’s website, spot transaction fees on CoinEx differ according to the VIP and market maker levels. The VIP level changes depending on the amount of CET owned. A snapshot of the amount of CET held by each user is recorded each day. In addition, the most appropriate between market maker and VIP transaction fees is taken as basis.
CoinEx celebrates its fourth year with many events!
Founded four years ago in December, CoinEx is holding events across all social media platforms and Telegram groups to celebrate its fourth anniversary. The cryptocurrency exchange, which started its first anniversary program with incredible rewards and benefits, would like to thank all its users. It is free to attend these award-winning events. Until now, events with teams from various parts of the world such as India and the Philippines have been held. Recently, virtual talks have been held about Metaverse, the shining star of the cryptocurrency space. In these events, winners participated in various sweepstakes shared by CoinEx on Twitter and Telegram accounts.
In addition to the chance to participate in such video conferences, users are also given CoinEx Token (CET) as a gift at some events. Events where users can currently participate in sweepstakes include a “question and answer” event with CoinEx founder and CEO Haipo Yang, an event where you can learn about CET features and earn tokens, and a massive CET lottery event. All developments are followed on CoinEx’s Twitter account, and the timeline of events can be found on their Medium page. You can join these events to earn CET and learn more about the CoinEx ecosystem!
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