CoinEx Keeps Listing USDC Trading Pairs, Covering Contracts, Margin Trading and More Cryptos
Recently, the virtual currency market has witnessed volatile fluctuations as various animal coins successively hit record highs, yet soon after, cryptocurrencies such as Bitcoin and Ethereum plummeted.
The average Bitcoin transaction fee has dropped to $7.23, the lowest level since this January, compared with the historical high of around $62.8 on April 21. According to GasNow data, the Ethereum gas fee has fallen to around $1, and the figure for quick transaction confirmation is 21 Gwei, which is approximately $1.12.
On May 28, in order to create a healthy digital asset environment and provide users with a good trading experience, CoinEx listed trading pairs of the USDC market, including: ADA/USDC, BNB/USDC, BTT/USDC, DOGE/USDC, DOT/ USDC, EOS/USDC, ERG/USDC, ETC/USDC, LINK/USDC, MATIC/USDC, SHIB/USDC, SOL/USDC, TRTL/USDC, TRX/USDC, VET/USDC, and XLM/USDC.
CoinEx will list more cryptocurrencies to fully satisfy investors’ diversified demand for cryptocurrencies, especially the mainstream ones on the top of the ranking list by market value, and keep improving trading services. The increase in the number of trading pairs has also improved CoinEx’s liquidity, thereby streamlining services and optimizing the trading experience for users.
CoinEx has a lot of trading pairs, and is listing more. Some industry insiders believe that a cryptocurrency is expected to grow rapidly upon being listed on CoinEx. Therefore, many project developers are striving to pass CoinEx’s review for listing.
CoinEx will cover more cryptocurrencies and market trading pairs in margin trading. So far, CoinEx has far outrun its counterparts in the market by the number of trading pairs. Starting from scratch with no contracts and margin trading, it has become a preferred choice among the majority of users with many quality trading cryptocurrencies.
Many digital currency investors earned some money when they just entered the market, yet suffered losses later. Having realized their limited ability, they buried themselves in learning, and then, carried away by arrogance that they were skillful enough to make a profit in the market, they tended to day trade in the cross margin mode, only to lose more. Fortunately, upon directions from wise minds, they eventually realized that it was a matter of time before they could cultivate a rational mentality of investment.
Great insights into investment require consistent efforts to study the market and trading methods such as margin trading, perpetual contracts, spot trading, and call auction.
Call auction is a one-time matching method for all bid/ask orders during a certain period of time according to the price and time priority principles, and a reference price is met on this basis meeting the following 3 conditions:
1. It must be able to generate the greatest trading volume;
2. All placed bid/ask orders with prices higher/lower than the reference price must be completed executed;
3. Either side of all the placed orders with the same price as the reference price must be completed executed.
It is reported that the trading pairs to be listed on CoinEx are traded by the means of call auction as mentioned above.
The AMM market is where CoinEx supports automated market making (AMM). AMM can calculate the buying and selling price according to the formula, so as to provide continuous quotations for the market. By providing liquidity for the liquidity pool, users can receive 50% of the transaction fees refunded by CoinEx (100% in the case of CET/USDT).
CoinEx, Where Innovative Digital Assets Gather
In the first two quarters this year, the volatile market has drawn public attention to animal coins and other cryptocurrencies especially Bitcoin and Ethereum. Besides BTC-USDT and ETH-USDT, the two most popular trading pairs in the spot and perpetual markets, CET/USDT in the CoinEx AMM market has also been well-received, as evidenced by the 7-day trading volume reaching as high as $16,107,200 and the 7-day APY at a staggering 198.2%. Among the top of the AMM ranking list by APY are also BRG/USDT, BADGER/USDT, and LAT/USDT.
As increasing cryptocurrencies are being sought after, mankind has entered the era of digital finance and digital currency. As a global digital currency trading platform that is always oriented toward user experience, CoinEx actively embraces diversified financial demands across the globe, improves the global layout, and rapidly enhances its global service capabilities. It will continue to provide digital currency services for users around the world, and ensure them a secure, stable, efficient trading experience.
