CoinEx│Market Maker Recruitment Program: A Low Threshold with A High Commission Revitalize the Trading Depth

Having good trading depth and liquidity is a key manifestation of the strength of trading platforms. Trading depth reflects how well a trading platform can keep prices from sharp fluctuations when large transactions happen. A good transaction depth can not only reduce investors’ transaction costs but also improve trading efficiency.

Meanwhile, trading depth is also directly proportional to liquidity. The better an exchange’s trading depth, the easier it is to conclude orders. As the trading volume of a platform increases, its liquidity will improve and prices will be more reasonable. That’s why trading depth and liquidity are crucial to a trading platform. Currently, attracting market makers to trade on the platform is an effective way to improve liquidity and depth in a short time.

Market makers, i.e. investors with certain ability and credibility, inject liquidity into the market and gain profits from the ask-bid spread. They continuously offer to buy and selling prices to other investors and trade their own funds at the investors’ expected prices. To put it simply, market makers make quotations and buy or sell at these quotations. The most basic function of market makers is to provide traders with a continuous liquidity guarantee mechanism to improve transaction efficiency, price stability, and market liquidity, thus reducing traders’ costs in gaining profits.

To provide users with better liquidity and a better trading experience, CoinEx has always adhered to the construction of market depth and liquidity. As early as last year, for the sake of liquidity of the platform, it established close cooperation with the major market maker teams to provide depth and narrow the bid-ask spread. This year, to extend the trading depth, CoinEx launched a market maker recruitment program, which sets a very low application threshold for market makers as well as preferential exclusive rates and the highest cash back rewards across the network.

CoinEx market makers are professional traders. CoinEx is recruiting excellent market makers around the world, with comprehensively upgraded trading benefits: By providing more favorable rates and a series of customized services, CoinEx encourages market makers to provide liquidity for the platform while sharing revenue and growing with it.

In the market maker program, if the monthly trading volume (Exchange or Perpetual) of a user reaches $10 million, then that user, whether an individual trader, a quantitative finance institution, or an investment institution, as long as he is familiar with the crypto market and trading strategies, can become a CoinEx market maker without further review, and enjoy the exclusive trading benefits and services.

In addition to the most favorable transaction fees across the network, the new market makers can also enjoy cash back rewards for spot market makers, high interest-free credit, exclusive API frequency increase service, and exclusive withdrawal limit.

Apart from the competitive rates and services exclusive for market makers, CoinEx also provides secure product functions for market makers. The security, stability, functionality, and professionalism of CoinEx API are all 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.

According to current statistics, CoinEx is leaps and bounds ahead in terms of trading speed. Coupled with its advantage in the matching engine, this will minimize the market risk and trading risk of market makers, traders, and investors in the face of extreme market conditions.

CoinEx’s market maker program, together with three major upgrades including the new USDT-margined contract trading pairs, the improved perpetual contract functions, and a lower participation threshold for market makers, is designed to facilitate rapid transactions and provide users with a better trading experience.

For more details of CoinEx market maker recruitment plan, please refer to: https://www.coinex.com/activity/market-maker