CoinEx丨Global Market Maker Recruitment Plan Kicks off Again, with All Privileges Upgraded
Traditional financial investors must be no stranger to the concept of market makers, that is, merchants who create markets for financial products by providing the bid and ask, thereby adding liquidity to the financial market.
In the cryptocurrency market with no regulation on transactions or market maker system, the initiators will also introduce a professional market maker team to make market in order to enhance market liquidity, stabilize currency prices, and manage the market value. Exchanges will also issue a market maker plan to attract market makers, as a gesture to improve the market liquidity.
Currently, major cryptocurrency exchanges around the world have launched their market maker recruitment plans one after another, such as the Futures Market Maker Program launched by Binance and Huobi’s Global Spot Market Makers Preferential Policy.
In this regard, CoinEx has also launched many incentive programs before, with USDT as a reward. Previously, the first “CoinEx Market Maker Incentive Program” with an exclusive prize pool for the spot market was well-received by all market makers. The second incentive program exclusive for perpetual contract market makers, which lasted for 20 days and provided a total reward of 200,000 USDT, also remained popular among market makers.
CoinEx provides new incentives based on market conditions to benefit market makers, attract new projects, improve the liquidity of perpetual contracts, enhance the perpetual trading experience, and secure market participants higher returns.
Generally speaking, market makers must meet the following conditions: they must have sufficient financial strength, so as to meet the trading needs of investors; they must be capable of providing accurate quotations and analysis. CoinEx has set up different trading benefits and ratios for market makers based on the spot trading volume in the past 30 days to flexibly meet the needs of various markets.
According to the announcement center, CoinEx has upgraded Market Makers’ benefits on August 4, 2021. In the past 3 years, CoinEx has achieved pleasant cooperation with many outstanding teams around the world through the Market Maker project. With the expansion of the platform and of the global market, CoinEx sincerely invites outstanding market makers all over the world to join hands and become CoinEx Market Makers!
The upgraded CoinEx Market Maker benefits are as follows:
- Trading Benefits
(1) Exclusive Rate: Market makers will enjoy more favorable rates even than VIP users and new market makers can enjoy a 30-day top-tier fees discount (Lv5).
Perpetual Market Making
(2) Cashback rewards for spot market makers: Spot market makers can get up to 0.02% of cashback from maker trading in Spot Markets, which is settled in the pricing currency of the market. New market makers can enjoy a 30-day top-tier fees discount (Lv3).
The cashback ratios are as follows:
(3) Interest-free credit: Apply for high interest-free credit in only two steps.
(4) Exclusive withdrawal limit: Up to 5 Million USD of daily withdrawal limit.
(5) API Frequency Increase Service: Stable and exclusive API service.
The security, stability, functionality, and professionalism of CoinEx API are in the leading position in the industry. With reference to the market push protocols of major global financial exchanges, CoinEx API supports full/incremental market data push. Professional investors can build a complete market depth and order book locally to use more complex trading strategies.
(6) Sub-Accounts: A Market maker account can create and manage multiple sub-accounts.
2. Service Benefits
· Exclusive Market Making Manager
· 24/7 Customer Service
· Birthday & Holiday Gifts
· CoinEx Custom Gifts
3. Exclusive Events
· Market Maker Ask&Bid Event
· Market Maker Trading Event