CoinEx | CoinEx Launches Take-Profit & Stop-Loss to Offset Risks for Investors
The international landscape of investment has become increasingly complex due to the impact of global financial markets. In 2021, crypto assets like Bitcoin have witnessed many ups and downs as they go through bear and bull markets. Recently, as its price exceeds $60,000, Bitcoin has become a financial asset that promises returns way higher than gold and stock.
Amidst this rebound, institutional as well as individual investors have flocked into the crypto market to “find gold”. As a result, crypto exchanges, a crypto segment with cutthroat competition, once again begin to hum. These institutions are now charged with a new task — Crypto exchanges need to improve the utilization of users’ funds and minimize the risk of losses for users while maintaining secure and steady operation.
Following market trends, CoinEx pursues self-evolution through innovative technologies
In the crypto world, exchanges are most affected by the rising prices because they need to meet massive user traffic and demand. CoinEx, a world-renowned crypto exchange, has been keen to seize this unique opportunity presented by the soaring BTC price. The exchange achieves self-evolution by updating its underlying technologies. As it hones its products and improves user experiences, CoinEx has launched the feature of “Take-Profit & Stop-Loss”.
In perpetual trading, with “Take-Profit and Stop-Loss”, users can set trigger price (i.e. Take-Profit Price or Stop-Loss Price) and liquidation price in advance, so that when the mark price or the latest price reaches the pre-set price, market order(s) will be triggered systematically and liquidate positions according to the pre-set price and amount, to achieve the purpose of “Take-Profit” or “Stop-Loss”.
Such a function is particularly helpful in the volatile crypto market: Stopping loss in time helps users guard against losses and avoid the further flare-up of risks; taking profit in time allows them to retain profits and prevent additional losses.
From another perspective, with the help of “Take-Profit and Stop-Loss”, CoinEx users can adjust their strategy for perpetual trading and will find it easier to get considerable profits in perpetual trading. Furthermore, the introduction of this function also marks CoinEx’s global leadership in the design of perpetual trading mechanisms and the adoption of financial derivatives. With the new function, the exchange can now provide better perpetual trading services for users.
As the BTC price surges to new highs, CoinEx offsets risks for users
The new highs of the BTC price present both opportunities as well as challenges to the crypto sector. The current market dynamics come as a test for investors’ trading strategy and mentality, and also challenge the stability and security of crypto platforms.
Relying on the independently-developed innovative order matching system, CoinEx used to offer extremely smooth trading experiences as well as secure and trustworthy crypto services for users in over 100 countries/regions. As the crypto market ushers into a new era, CoinEx will embark on a new journey, during which the exchange will remain dedicated to product development and introduce more first-class services concerning financial derivatives.
See the announcement on CoinEx official website here.
