According to him TokenInsight 2021 Crypto Trading Industry Annual Review, the industry continues to make its way, with total trading volume through 2021 reaching $112 billion, of which roughly half is through futures contracts ($57 billion), compared to trading spot that represent 43% (49 billion dollars). Furthermore, the total cryptocurrency trading volume increased 3.37 times year over year. To be more specific, futures contracts have grown almost 6 times, spot 2.3 times and delivery contracts only 2.36 times. The general data presented in the review shows a rapid growth in the futures market during 2021. Now they have surpassed the spot market and have become the main investment channel, indicating a growing popularity of the market.
In contrast to the lack of diversity in the spot market, futures, especially linear contracts, allow users to earn profits through long-term holding and high leverage, without holding different types of cryptocurrencies. Thanks to this advantage, a growing number of cryptocurrency investors are venturing into the futures market. It is clear that a large group of investors recognizes the great prospects of the futures market. Under such circumstances, cryptocurrency exchanges can gain a foothold in the futures market and record rapid growth in their trading volumes only by improving their futures products and providing more user-friendly trading services.
Although the futures market has become the main investment option for many users, futures contracts remain inaccessible to most newcomers to this industry. First of all, this market, a place to trade crypto derivatives, is highly fragmented and lacks unified standards. Also, futures contracts offered by different exchanges come with variable structures and their terms and conditions differ drastically. For example, the futures contracts provided by some exchanges are complicated and require experience, while others offer professional-only futures mechanisms that are not friendly to beginners.
In addition to security and stability, investors new to the futures market should also consider product simplicity and ease of use when choosing a trading platform. futures trading that is the most suitable for your needs. In this sense, CoinEx Futures is a good option, as it strives to provide services of futures trading easier for users.
CoinEx Futures: a simple website and an intuitive and simple futures section
To get started, CoinEx provides a simple and straightforward website for the futures trading. After entering the futures page, users can first choose a market to trade straight or inverse contracts based on their needs, and once a market has been selected, they will see current market conditions and existing orders immediately.
Second, before choosing margin and starting a position, users can easily find the Futures Tutorial on the right hand side to learn about the futures trading quickly. By watching the video tutorials and completing the quiz, beginners can quickly get acquainted with the trading process before opening a position.
KYC-Free Futures Trading: CoinEx Preserves Trader Anonymity
When trading futures on CoinEx, users do not have to go through any KYC authentication, solving an operational dilemma faced by cryptocurrency users in certain countries/regions. At the same time, the exchange protects user assets with multiple security strategies. In addition to an anonymous and secure trading environment, CoinEx also promises that all crypto assets will be 100% reserved, allowing users to open a position and profit without worry.
CoinEx helps users reduce the risks of positions more conveniently through multiple futures trading mechanisms.
To help users manage their positions and control risks with ease, CoinEx has introduced multiple futures mechanisms such as Automatic Deleveraging (ADL), Insurance Fund, and Funding Fee. The CoinEx Futures index price is determined by the average spot price recorded by multiple trading platforms and features built-in exception processing logic. This allows the index price to fluctuate within a normal range when the price provided by a single platform becomes significantly volatile, thus removing concerns for futures traders.
Step-by-step futures trading tutorials in the Help Center with everything you need to know about both the platform and the products
CoinEx offers a fully professional and comprehensive Help Center that allows users to dive right into blockchain knowledge and learn how to trade cryptos through step-by-step instructions. Through simple illustrated articles and videos, as well as simulated futures trading, offered by the Help Center, users can become familiar with futures in no time. In addition, they can also search for technical definitions of futures through this section.
Over the past 5 years since its inception, CoinEx has gained wide recognition from users with its well-established product ecosystem, smooth and stable trading experiences, and satisfying user services. According to data released by CoinEx in 2021, the exchange made a breakthrough in terms of its futures trading volume, which is convincing proof that CoinEx Futures has become increasingly popular among crypto investors. At the moment, CoinEx offers more than 100 futures markets. This year, the exchange will continue to prioritize futures and offer a more diversified selection of futures markets, as well as easier and more convenient trading experiences.