CoinFLEX crypto futures
What is CoinFLEX?
CoinFLEX is a cryptocurrency exchange registered in the Seychelles. She started work in 2019.
CoinFLEX is an exchange spun off from Coinfloor. The platform is best known for launching the world's first physically delivered cryptocurrency futures exchange, being the first exchange to launch cryptocurrency spreads and repo markets.
The CoinFLEX repo market aims to provide investors with access to highly liquid lending, lending and profit-making opportunities without having to operate through traditional repo market channels such as banks and other intermediaries, resulting in more flexible trading and real-time access to all exchange products.
CoinFLEX has created a repo market and cryptocurrency perpetual futures to provide a trading environment that benefits market participants by increasing liquidity and significantly reducing capital costs.
The platform also launched flexUSD, an interest rate stablecoin, and PNT (Bill of Exchange Tokens) tokenize unsecured debt for merchants.
The CoinFLEX crypto exchange serves both individual traders and the commercial hedging market, which includes mining firms, OTC trading channels and global private trading companies, and was the first to open an initial offering of futures on as-yet-to-be launched cryptocurrencies such as Polkadot and Dfinity.
Over the past twelve months, CoinFLEX has traded several hundred million contracts per day, and its success has led to widespread investor support, including over $10 million in funding from Polychain Capital, Digital Currency Group, Dragonfly Capital, B2C2 and Grapefruit Trading.
What are crypto derivatives?
Derivative - an instrument, the value of which depends on the underlying asset or group of assets, or is derived from them. The basic asset for cryptocurrency derivatives is digital coins.
Essentially, it is a type of contract between parties that commit to transfer a predetermined asset (or amount of money) within a specified time frame and at a specified price.
The cryptocurrency derivatives market expands the opportunities for making money on the cryptocurrency market, since 4 groups of participants can operate in this market:
There are four groups of its participants:
- Hedgers. Hedging is an investment to eliminate the risk of future price changes. Derivative financial instruments effectively offset the risks with the corresponding underlying assets.
- Speculators. They are engaged in the most common and at the same time very risky activities, buying or selling financial instruments or assets with the expectation that their price will change in their direction in the future.
- Arbitrageurs. Individuals or legal entities who, based on their knowledge of the situation and prices in the markets, buy on some of them and sell on others.
- Margin traders. Margin is the collateral deposited by an investor investing in a financial instrument. Margin trading involves transactions with financial assets using borrowed funds provided by a broker.
Trading in financial products tied to the value of the underlying asset is the most dynamic market segment on all exchanges, including the cryptocurrency market.
What is crypto derivatives exchange?
The Crypto derivatives exchange is an exchange that provides the ability to trade cryptocurrency derivatives. Currently, many exchanges are actively expanding the list of derivatives available for trading, since for many market participants they are more interesting than the spot market.
You can also trade CoinFLEX cryptocurrency derivatives. This platform was the first in the world to launch physical delivery cryptocurrency futures trading. CoinFLEX was the first platform to open for physical delivery futures trading.
How does cryptocurrency derivatives trading work?
The emergence of derivatives on the cryptocurrency market has become a logical and expected continuation of the market's development. Gradually, the cryptocurrency market is turning into an independent economic system. One of the elements of this system is cryptocurrency derivatives. Not surprisingly, futures are the most popular in the cryptocurrency derivatives market.
If in traditional financial markets futures for a particular asset have existed for decades, in the cryptocurrency industry this product is relatively new and is only gaining popularity among traders.
Various trading strategies are used to trade derivatives. The most popular is speculation, when you need to make as many transactions as possible in a short time. Many even use special robots for this, making tens or even hundreds of transactions per minute.
How to trade CoinFLEX derivatives in India?
To start trading on CoinFLEX derivatives in India, you need to register and fund a trading account. After that, the entire functionality of CoinFLEX derivatives trading will open for you.
A fairly functional trading platform is available to users on the trading page. The chart is integrated with TradingView. This means that when you trade CoinFLEX derivatives in India, you will receive a very user-friendly and highly functional chart that is well suited for technical analysis. This allows you to make informed and considered decisions on CoinFLEX crypto futures trading.
How to register?
CoinFLEX cryptocurrency derivatives trading platform is as user-friendly as possible. Therefore, the registration process is simplified as much as possible. To start trading CoinFLEX derivatives in India, it only takes a few minutes to register an account.
To create an account, click the "Register" button, enter the required data and the confirmation code sent to you by email. That's it, after that the registration process is completed and you get full access to CoinFLEX derivatives trading.
How to open a demo account?
Not all cryptocurrency exchanges offer the ability to trade on a demo account. CoinFLEX has this feature. You can use this option immediately after registering an account.
How to open a real account?
To start trading on CoinFLEX crypto futures in India, you need to register an account. You no longer need to do additional actions. Your real account is automatically opened. You only need to deposit funds, and you can start trading on the CoinFLEX derivatives trading platform.
An important advantage of the platform is that it provides access to viewing the trading history of your real account. To view it, go to the "History" section under "Wallet", then select "Trade History" on the left side of the screen. Next, you choose the market in which you trade and history. All history data for the last three months can be said.
How to replenish a deposit?
The vast majority of exchanges do not deal directly with fiat money. CoinFLEX also does not work with traditional money directly. Therefore, in order to start trading on CoinFLEX crypto futures in India, you need to replenish your trading account with cryptocurrency. The platform currently supports: BAL, BAND, BCH, BTC, COMP, CRV, ETH, FLEX, LINK, SNX, SUSHI, UNI, USD, USDT, YFI, YFL, flexBTC, flexETH, flexUSD.
Supported cryptocurrencies are subject to change, so it is always worth checking the CoinFLEX derivatives trading platform for this information.
After the account is funded, you can immediately start CoinFLEX crypto futures trading.
Also on the exchange, you can view the entire history of your deposits, withdrawals, transfers for the last three months. You can also download all of these recordings.
Minimum deposit amount
The minimum deposit amount depends on the cryptocurrency in which you deposit your account. With the exception of DOGE, DOT, XRP, the minimum deposit amount is 0.0001. For DOGE, DOT, XRP, it is equal to 1, 1 and 20, respectively.
How to withdraw money?
Withdrawal of money from a trading account, as a rule, occurs instantly.
To withdraw funds, you need to go to the "Withdraw" tab and click "Wallet". Next, you need to specify the coin in which you will withdraw funds and the amount.
CoinFLEX derivatives list
The platform provides a fairly wide range of trading instruments. New instruments are added regularly. Therefore, you can familiarize yourself with the complete and up-to-date list on the project website.
How does CoinFLEX crypto derivatives trading work?
Trading on CoinFLEX cryptocurrency derivatives is no different from trading on other exchanges. CoinFLEX derivatives trading platform has great functionality and wide settings. You can easily customize the schedule for yourself.
Having chosen a trading instrument, you select the type of trade order and open a trade position. The exchange website has very detailed instructions on how to use the trading terminal and open trading positions.
By trading on CoinFLEX derivatives in India, you enjoy good trading conditions and an easy-to-use trading platform.
The trading platform offers leverage trading, but it is not supported on all instruments.
Alternatives to CoinFLEX cryptocurrency derivatives
There is a lot of competition in the cryptocurrency derivatives market. But thanks to the favorable trading conditions and functionality of the CoinFLEX cryptocurrency derivatives trading platform, it manages to compete with even larger exchanges.
The advantage of CoinFLEX is the fact that this exchange was the first to launch physical delivery futures of cryptocurrency.
CoinFLEX cryptocurrency derivatives FAQ:
Can you trade derivatives on CoinFLEX?
Yes. This platform was the first to provide physical delivery of cryptocurrency futures trading.
Does CoinFLEX have crypto derivatives?
Yes, the list is very long. You can find a complete list of current tools on the platform website.
How does CoinFLEX crypto futures trading work?
When trading CoinFLEX cryptocurrency derivatives, you can open standard buy and sell orders, as well as limit and stop orders.