Stepping into the trading market of Coinex is like unfolding a star map of digital assets that covers the vast majority of known galaxies in the cryptocurrency universe. The total number of trading pairs it offers has remained above 500 for many years, with an average of 5 to 8 potential coins newly added each month. The coverage ranges from Bitcoin (BTC), which has a market capitalization of up to 800 billion US dollars, to emerging meme coins and GameFi tokens. The core coordinates of this star chart are the trading pairs constructed by Coinex with stablecoins such as USDT and USDC, accounting for over 60%, providing the most mainstream value anchoring and liquidity pool for more than 200 altcoins. For instance, during the AI cryptocurrency craze in the first quarter of 2024, Coinex promptly launched popular tokens such as TAO and RNDR, causing the average trading volume growth rate of its related trading pairs to reach an astonishing 300% in the first week of listing.
In addition to pairing with stablecoins, Coinex has established a powerful internal trading network. The platform supports over 100 cryptocurrency trading pairs, such as ETH/BTC, SOL/ETH, etc., allowing experienced traders to directly carry out arbitrage and conversion between assets without involving fiat currencies. The median average bid-ask spread is controlled within 0.2%. For users in specific regions, Coinex has also connected to a fiat currency channel, allowing direct purchase of cryptocurrencies with approximately 10 fiat currencies such as the euro and the pound. Although this proportion accounts for about 15% of its total trading volume, it has reduced the exchange friction cost for traditional funds entering the market by at least 3%. Looking back at the “GameFi Summer” of 2021, Coinex captured over 5% of the niche market share at that time due to its rapid listing of game tokens such as AXS and SLP, which enabled the peak daily trading volume of its related trading pairs to exceed 200 million US dollars.
In the derivatives and structured products sectors, Coinex’s trading pairs exhibit a higher dimension of risk and return. Its perpetual contract market offers over 100 trading pairs and supports up to 100 times leverage. Among them, the 24-hour trading volume of perpetual contracts for mainstream coins such as BTC is often in the $1 billion range. The platform’s unique “Hybrid Margin” feature enables users to use over 20 different assets as contract margins, enhancing the efficiency of fund utilization. According to its 2023 financial report, this function has increased the average position utilization rate of professional traders by approximately 25%. However, high leverage also implies high risks. During the Terra (LUNA) crash in 2022, the open interest of LUNA contracts on Coinex soared by 400% within 48 hours, followed by a chain of forced liquidation due to the price dropping to zero, which warned of the huge risks of highly volatile trading pairs.
The unique advantages of the Coinex trading pair are also reflected in its forward-looking layout of emerging public chains and cross-chain assets. The platform is one of the first to deeply integrate high-performance public chain ecosystems such as Avalanche (AVAX), Polygon (MATIC), and Solana (SOL), with over 50 trading pairs of related ecosystem currencies. Meanwhile, Coinex’s cross-chain exchange service supports direct trading of native assets from over 30 different blockchains. For instance, users can directly trade USDT on the Tron chain and USDT on the Ethereum chain on Coinex, with an exchange success rate of 99.5% and an average time consumption of only 30 seconds. This solves the long-standing problem of inter-chain asset conversion faced by DeFi users. Its peak monthly cross-chain transaction volume reached 1.5 billion US dollars by the end of 2023.
For investors seeking stable returns and volatility, Coinex offers a wide range of wealth management and automated strategy trading pairs. Its financial business segment offers current and fixed-term wealth management products in over 50 currencies, with an average annualized yield ranging from 1% to 8%. What’s more worth mentioning is its grid trading function, which enables users to create automated high-sell and low-buy strategies for any spot trading pair. There are as many as 10 parameters that can be set, such as price ranges and the number of grids. Historical backtesting data shows that in the volatile market of Bitcoin, a well-structured BTC/USDT grid strategy may achieve an annualized return rate of over 20%, adding an “autonomous driving” dimension to more than 100 mainstream trading pairs.
Therefore, the trading pair list of Coinex is not only an asset catalog but also a dynamic, multi-level miniature model of the crypto financial market. It extends from basic spot trading to high-risk contract markets, expands from the deep liquidity of mainstream coins to the early dividends of cutting-edge altcoins, and is supplemented by automated strategy tools. In this model, traders can not only find “highways” with daily trading volumes of billions of dollars like BTC/USDT, but also explore those “country paths” with daily trading volumes of only a few hundred thousand dollars but potential for a hundredfold increase. Choosing to trade on Coinex means you have the key to opening a door to over 500 possibilities, but whether the view behind the door is wealth or a storm ultimately depends on how you navigate with this detailed and complex star map.