CoinEx Financial Account: Satisfy Users’ Diversified Transaction Needs and Generate Stable Income No Matter How Market Changes
Wealth management products that offer guaranteed principal and interest and yield high and stable returns now become increasingly well-received by ordinary investors, whether in the traditional financial market or the cryptocurrency market. A growing number of cryptocurrency platforms have embarked on a path of comprehensive operations that integrate a host of financial products such as OTC, margin trading, borrowing, wealth management, and insurance.
The continuously bumpy cryptocurrency market now makes many enthusiastic users come to their senses gradually. In this context, a diversity of flexible wealth management products seem to win the favor of investors once again. In addition to staking, financial accounts start to emerge as a newly popular method of wealth management. CoinEx has recently launched its Financial Account service to meet the diverse trading needs of users and help investors make profits no matter how the market fluctuates.
Staking has become incredibly popular in recent years. It is a way users function as node service providers or entrust tokens to node service providers to obtain system rewards, mainly block rewards.
Exchanges get involved in staking operations. Specifically, they invest part of users’ coins in operating staking nodes and then return the income generated therefrom to users. Users can not only have sufficient liquidity but also get a certain amount of income. In this sense, staking is a highly liquid investment mode for users.
For project owners, staking is a way to use short-term income as an incentive to lock the liquidity of tokens in exchange for long-term development. If projects fail to develop as well as expected, the tokens generated by staking will end up adding sell-off pressure to the secondary market. The more incentives there are, the greater the sell-off pressure becomes. Thus a vicious circle is formed. Staking is a chronic poison for mediocre or poor projects.
Compared with popular staking products in the current market, CoinEx Financial Account performs better in terms of income stability and ease of use.
CoinEx Financial Account is a product that increases the value of coins.
Currently, seven crypto assets are supported, i.e. ADA, BCH, DOGE, EOS, LTC, TRX, and XRP. 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.
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 offers beginners a more convenient way to stably increase the value of their coins.
The income of the CoinEx Financial Account depends on the dynamics of the crypto market from the day of subscription. If the crypto price keeps rising, the actual income will exceed the locked income, and users will get more. If the crypto price falls or the actual income fails to exceed the locked income, users’ profits will remain unchanged. Users will always benefit in whatever situations.
Related wealth management products in the crypto industry, which are still in their infancy, need to draw on the good practices of their peers in the traditional finance industry. CoinEx Financial Account comes as an innovation on crypto trading that integrates features of both the traditional and innovative counterparts. As the first wealth management product in CoinEx Exchange, it also provides a perfect investment channel for investors who pursue stable profits.
Throughout the development of CoinEx, each of its products proves to be a direct boon for its users. Adhering to the “users first” philosophy as always, CoinEx rolled out Financial Account that caters to users’ need, secures their investments and maximize profits while minimizing risks. Crypto investors have become increasingly sensitive as the industry develops, and their demand for diverse financial products will grow as a result. That makes for a huge market for products such as CoinEx Financial Account.