Tue. Sep 26th, 2023

For many crypto investors, “finance” is usually a common term for them. However, it is complicated and challenging for most investors in the traditional financial system. For people in places where online payments are not yet available, the term “finance” is a fascinating dream that is almost impossible to achieve. With the goal of turning sophistication into ease of use, in 2022 CoinEx has adopted a new slogan: Making Crypto Trading Easier. While offering more user-friendly products, the exchange will help users to trade crypto effortlessly. To achieve that goal, the first step is to break traditional financial constraints. CoinEx aims to help users in places where online payments are not available to trade cryptocurrencies through simple operations, breaking the traditional perception that finance is complicated and challenging. Meanwhile, the exchange also strives to make cryptocurrency trading easy for everyone. While offering easy-to-use products, CoinEx also strives to provide users with a versatile selection of financial services to deliver more satisfying investment experiences and help investors seize profitable opportunities before others. CoinEx Finance now encompasses three sections: Dock, AMM, and the Financial Account. Users can log in to the CoinEx website or app and click on [Finanzas] to test these financial services and products.

Financial account

As a product that increases the value of coins, the Financial Account offers users additional returns to the benefits of cryptocurrency operations. The exchange distributes 70% of the interest income from the coins borrowed from margin trades to users against the proportion of holdings in their Financial Account. At CoinEx, users can earn additional profit simply by depositing their idle assets into the Financial Account, without the need to trade cryptocurrencies. The Financial Account is characterized by the ease of operations, the flexibility of deposits and withdrawals, compound interest and a zero minimum deposit limit, which allows all users to benefit from the product with ease and comfort. At the moment, the Financial Account covers almost 30 major cryptocurrencies, including ATOM, USDT, BNB, BTC, SOL, ADA, and AVAX. On CoinEx, users can click on [Activos] on the home page and go to your [Cuenta Financiera] to check the list of supported cryptocurrencies and the corresponding 1 or 7 day APY. In addition, users can also directly transfer their inactive assets to financial account on this page.

CoinEx AMM

At CoinEx, the AMM, short for Automated Market Making, is combined with an order book, and the system automatically converts the liquidity pool into an order book. In addition, the CPMM (Constant Product Market Maker) algorithm is used, which provides liquidity to the market regardless of the size of the order book or the liquidity pool. At the moment, CoinEx has launched the AMM function for hundreds of spot trading markets, each of which has a liquidity pool, and users can deposit into a pool to provide liquidity to the corresponding market and become a maker. Automated market checks to receive dividends from CoinEx trading fees. To earn dividends from trading fees, users just need to select an AMM market and provide liquidity to the market through the liquidity pool. With CoinEx AMM, users benefit from automated market creation and flexibility with withdrawals and deposits.

CoinEx Dock

As an entirely new service segment for cryptocurrency investing and fundraising, CoinEx Dock is focused on issuing world-class crypto assets and identifying and reshaping promising projects to meet the increasingly diversified demands among crypto investors. . It creates a strong platform for fundraising and promoting outstanding and innovative projects and provides fair and convenient opportunities to invest in such projects. Eligible projects can contact CoinEx through the CoinEx Dock on their official website. Following rigorous evaluation, the exchange will list such projects on the CoinEx Dock where appropriate, thereby providing subscription channels for investors and allowing projects to obtain seed funding.

Decentralized crypto technologies are built for the general public. As such, crypto assets should also be available to everyone. CoinEx has always been committed to helping all investors easily benefit from crypto financial products and removing traditional financial restrictions. Also, the exchange will continue to provide a more versatile selection of financial services, allowing users around the world to easily invest in cryptocurrencies and capture profitable opportunities through CoinEx Finance.

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By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.