CoinEx│Recruitment Begins for the Market Maker Program to Meet Whale Users’ Trading Demand and Ensure a Satisfying Trade Experience
The crypto market has been considered highly volatile. As one of the major indicators of strength, market depth refers to trade platforms’ ability to absorb large orders and keep prices stable in times of market swing.
Leading the industry in market depth, CoinEx has been widely recognized for its impressive bid-ask spread of spot, delivery contract, and perpetual contract. To deepen the market and improve the trading environment, CoinEx has launched a new recruitment program for market makers.
Market Makers Offered with Exclusive Rates to Build the Strongest Market Depth
In its official announcement of the market maker program, CoinEx stated that if the monthly trading volume (Exchange or Perpetual) of a user reaches $10 million, then that user, as long as he is familiar with the crypto market and trading strategies, can become a CoinEx market maker and enjoy the highest ask&bid commission without further review, whether the user is an individual trader, quantitative finance institution, or investment institution. CoinEx provides market makers with a lower threshold, more market choices, reduced rates, and higher commissions. For example, market-making rates on CoinEx are as low as -0.015% (contract) and 0.000% (spot). In other words, for market makers out there, opportunities to work with CoinEx are more accessible, and more benefits are available.
The appealing market maker recruitment program of CoinEx will attract more exceptional market makers to join hands in building the №1 crypto market depth. It is also worth mentioning that CoinEx market makers promote market liquidity through smaller spreads, thus bringing increased market efficiency. Additionally, this meets the trading needs of whale users and will generate large trading volumes that dissuade retail traders.
To ensure sustainable market making over the long term, apart from the matching system carrying capacity of the exchanges, market makers also need faster matching speed and lower slippage.
Bid-ask spread refers to the difference between the best bid price (the highest price that a buyer is willing to pay) and the best ask price (the lowest price that a seller is willing to accept) of a given asset. In less liquid markets, there are often high bid-ask spreads in the order book. The size of the spread is directly relevant to the trading volume, and the reduction in the spread normally means an increasing trading volume.
At the same time, the cost to monetize cryptocurrencies includes both trading costs and indirect costs incurred from pending or unfulfilled orders. The bid-ask spread covers all these costs, making it the simplest and the most frequently used indicator to measure market liquidity.
In light of trade, the larger the trading volume, the better the cryptocurrency sells. In other words, high liquidity increases the willingness to trade.
Therefore, apart from the lowest rates, CoinEx’s recruitment program also boasts market-leading technical capacities and trading systems as the program is built on product and technology leadership.
A Win-win-win Situation to Attract Whale Market Makers
The CoinEx market maker program promises benefits to the average investors, project teams, and trading platforms.
To the average traders, the program brings greater liquidity, which allows them to buy/sell their crypto assets at more reasonable prices.
To project teams, CoinEx’s market maker program ensures that there will always be potential buyers/sellers for a token, which provides the basis for the future development of the token economy and projects.
To trading platforms, the lower spread brought by higher liquidity from the market maker program means more users and more orders. This is also one of the reasons why CoinEx is recruiting whale market makers across the globe.
First-rate Technologies to Safeguard Trading Security
More importantly, CoinEx forever remains user-first and practices this philosophy in all of its products. CoinEx seeks to safeguard users’ interests in every aspect: the exchange maintains the lowest margin in the industry, refuses to advance forced liquidation or manipulate the candlestick chart, and ensures the full payment of loss provisions.
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.
Making reference to the market push protocols of major global financial exchanges on an infrastructure level, CoinEx API supports full/incremental market data push. The API has demonstrated industry-leading stability, security, and professionalism. Professional investors can build a complete market depth and order book locally to tap into more complex trading strategies. On CoinEx, the security of assets and information is always a priority. The exchange has never suffered any KYC information leaks or asset hacks. Users are reassured by the stable trading environment thanks to the sound security performance.
Other than rates, CoinEx also has an edge in product technology and security performance. From the steady performance against extreme market conditions to the reliable record of zero hacking incidents, CoinEx leads the market in all respects. In the new market maker recruitment program, CoinEx will join hands with outstanding market makers to build first-class market depth. Together, CoinEx and market makers will bring satisfying trade experiences as they upgrade the entire market environment.