Things are looking pretty volatile in crypto right now — and as the bear market sets in, spot trading volumes are looking pretty sluggish.
But with the industry maturing in recent years, futures trading has become increasingly available — and figures suggest demand has remained strong despite the current downturn.
Through futures contracts, crypto enthusiasts can enter into positions when they believe prices are going to fall further — a compelling alternative for those who fear HODLing will cause the value of their savings to fall.
But according to CoinEx, such crypto derivatives are often inaccessible for everyday consumers — not least because the offerings on many exchanges are geared toward professional investors.
Websites providing crypto futures can be complex and difficult to navigate, meaning there's a greater risk of costly mistakes being made. And a lack of tutorials and instructions for newcomers can also lead to misconceptions about how things work.
CoinEx says it's attempting to change all of this — driven by a mantra of "making crypto trading easier."
The trading platform is on a mission to make complex products easy to use — with comprehensive and simple tutorials that demystify crypto futures. Video guides and illustrated instructions are available, and an intuitively designed website reduces clutter and focuses on delivering a first-class user experience. A customer support team is also on hand to answer any questions that remain.
CoinEx's team told Cointelegraph: "With crypto prices falling, spot trading has lost its momentum, and the futures market has become an area of intense competition among the major exchanges. CoinEx has taken a different approach. By offering easy yet efficient futures services,
Read more on cointelegraph.com