Flexible Investment & Low Risks: CoinEx’s Financial Account Supports 10 More Cryptos
For crypto holders who cannot take many risks, apart from trading cryptos, earning additional returns by making full use of their idle assets is another prudent, secure investment choice. As the crypto market remains volatile recently, a growing number of crypto investors now favor investment & financial services that are steady and flexible.
As a product that increases the value of coins, CoinEx’s Financial Account offers users returns in addition to profits earned through crypto trades. The exchange distributes 70% of the interest income from borrowed coins of margin trading to users against the ratio of the holdings in their Financial Account. You can make additional earnings simply by depositing your idle assets into the Financial Account, without the need to trade cryptos.
According to the official announcement, CoinEx’s Financial Account will introduce 10 new cryptos on March 7, 2022 (UTC), including LUNA, AVAX, SHIB, ATOM, NEAR, ALGO, MANA, FTM, FIL, and SAND. At the moment, Financial Account covers 30 mainstream cryptos, spanning USDT, BTC, BCH, and ETH, which meets a wide range of demand in terms of depositing idle assets. Users who hold many kinds of cryptos could select the crypto with the highest return based on their 7-day APY shown in Financial Account. Moreover, the product sets no minimum deposit requirement, which enables flexible wealth management.
Why choose Financial Account? Let’s go through its advantages:
1. Earn interests from crypto deposits through simple steps
On CoinEx, you can earn daily interests simply by transferring your idle assets from the spot account to the financial account. It is noteworthy that the accruement of interest will not begin until the second day after assets are deposited, and the returns will be distributed to your account on the third day. With Financial Account, you can earn interest from crypto deposits through simple steps!
2. Daily distribution of compound interests
CoinEx’s Financial Account offers compound interests, which will be automatically deposited into your financial account after they are distributed. In addition, the daily interest income will be included in the confirmed amount and used for the calculation of next-day interest income.
Yesterday Income (interests on the corresponding coin generated yesterday) = 70% of last-day interest income from borrowed coins of margin trading * (the last-day interest-bearing coins of the user’s financial account / the total last-day interest-bearing coins of all the financial accounts)
3. On-demand deposit/withdrawal with no threshold
Assets in the spot account are normally transferred to/from the financial account in real time. With no minimum deposit requirements, Financial Account sets no limit on the number of deposits/withdrawals you can make. In Financial Account, you can experience convenient services without any threshold and benefit from flexible wealth management that truly supports on-demand deposits/withdrawals!
4. Straightforward display of returns and PNL analysis
On CoinEx, you can manage your wealth in three simple steps through Financial Account. Moreover, the exchange’s PNL analysis offers a comprehensive review of your profits/losses, which will help you better choose the type of cryptos to be deposited into the financial account.
As the crypto market remains sluggish, an increasing number of crypto investors started to prefer investment products/channels with steady returns. Featuring low risks, enhanced security, and steady returns, CoinEx’s Financial Account is suitable for users who are looking for profits at low risks. Meanwhile, with simple operations, Financial Account is more friendly to users who just started to invest in cryptos. In the future, CoinEx will also expand the scope of Financial Account to include more cryptos and roll out diversified financial services according to the market demand. Please stay tuned for more exciting products from CoinEx.
