CoinEx Financial Account
Recent years have witnessed an endless flow of new services and products in the crypto market. But the key to success is whether they can seize the basic demand of users and create continuous value for users. Asset management services have emerged in response to customers’ demand for value increments, and in the crypto field, these services represent a blue ocean. For insiders, the market looks forward to crypto mining applications, while users need more innovative crypto financial products for sustainable asset growth.
Coinex announced the release of 7 more crypto assets for CoinEx financial account on 18th Jun 2021. Previously, the supported crypto assets for CoinEx financial account only: USDT、BTC, and ETH.
CoinEx Financial Account is a product that increases the value of coins, and 70% of the interest income from borrowed coins of margin trading on CoinEx will be allocated to users against the ratio of the holdings in their financial accounts. In other words, after transferring idle assets to their financial accounts, users will receive revenues yielded by their financial accounts that feature daily compound interest and no limit on the minimum deposit.
CoinEx Financial Account serves as a sustainable source of value for crypto holders. Users can lend their crypto assets, and deposit or withdraw the principal anytime to earn interest. Without engaging in any link of crypto trading, they can earn crypto assets as well.
Currently, ten crypto assets are supported, i.e. USDT、BTC、ETH、ADA、BCH、DOGE、EOS、LTC、TRX, and XRP. In the future, adjustments will be made to the supported coins in the financial account based on the market demand to diversify the service.
The financial account is complementary to CoinEx’s sound business development. Since its establishment in December 2017 as a global professional crypto asset trading platform, CoinEx has been committed to building itself into the most secure, stable, and efficient crypto trading platform for global users and providing services including perpetual trading, spot trading, mining, AMM and asset management. CoinEx users’ growing demand for cryptos has laid a solid foundation for the rollout of the financial account.
The volatile crypto market has cultivated increasingly diverse choices for users. Radical speculators prefer frequent trading and risk-based returns, while those conservative favor value increments while ensuring the security of the cryptos in their hands.
The new crypto assets cater to users with different risk appetites while safeguarding their crypto assets. Radical investors can entrust their crypto assets to CoinEx to earn short-term income, while users who prefer to keep holding crypto-assets can also enjoy the interest in the same way without trading.
Users’ recognition is the only criterion for measuring the quality of a new product. Only those that precisely satisfy crypto users’ demand for asset management and create concrete value for users can be a long-term favorite in the market.
CoinEx will diversify its line in asset management. Apart from listing more cryptos, it will provide products with various lock-up periods and higher ROI to secure users' reasonable income.
