CoinEx Launch BSVUSD Market and New Listing Comp

CoinEx Launch BSVUSD Market and New Listing Comp

Users of CoinEx will be kicking off their week with two new additions to the platform with a new market and a new listing which has a competition attached to it that traders can get involved in.

The new market that has been made available has come in the form of BSVUSD, the platform’s 5th perpetual contract product to become available on the platform’s Option’s Trading service, and officially went live at the end of last week (7th February).

The index Price of BSVUSD comes from the combination of BSV/BTC and BTC/USD and so this is a good indicator to use when trading the with the newly made available contract. CoinEx has also released important information about the way the market will function and the specifics of the new market which looks like this:

Parameter Type Parameter Value
Pricing Coin USD
Settlement Currency BSV
Value (Per contract) 1 USD
Min. Price Change 0.01 USD
Min. Amount Change 1
Index Source   Huobi 33.3%
OKEx 33.3%
CoinEx 33.3%

REP Online

The second piece of news from the platform comes in the form of REP, the native token of Augur, which was chosen after a gruelling selection procedure. The function of the firm that created the firm is that of a decentralised, open-source and point-to-point platform that is based on Ethereum, according to CoinEx.   

Those who hold the REP, which can now be purchased on Coinex, will be able to provide real-world information for smart contracts and observe real results of these. You can also use REP to vote and for settlements. This is done for Augur’s incentive mechanism that provides accurate and honest results in order to be the best option for users. According to CoinEx, “the authenticity of Augur’s predicted results can be guaranteed by trading equity, creating forecast market and results reporting participation”.

Those looking to get involved in REP can do so from next week at CoinEx with trading beginning at 3:00 February 12 (UTC) when trading pairs REP/BTC, REP/USDT will be made available. Then, two days later, withdrawals will go live at 3:00 February 25 (UTC). REP Deposits already available on the platform for users who already hold the token to put these tokens into their accounts.

In regards to depositing, there is another reason why you might be interested in depositing your REP tokens to CoinEx as they are holding a depositing competition for those who hold the token already. The way it works is very simple and all traders need to do make a net deposit (Deposit – Withdrawal) of at least 20 REP and they will receive a reward of 100 CET, CoinEx’s native token.

There is a maximum of 1000 CET on offer for each user, so that means you need to deposit 200 REP in order to get this prize. In total, 200,000 CET will be given away as part of the competition which will be shared on a first-come-first-served basis.  

Go to CoinEx now to get involved in both these new trading options!

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,CoinMarketCap,Ethereum

Cryptocurrency Market Cap Jumps Past $2 Trillion

Cryptocurrencies continue to make headline news around the world as the total market cap surpassed $2 trillion on Monday. Supported by increased interest from institutional investors, celebrities, and retail investors, digital coins are now worth more than Apple Inc. Bitcoin has, once again, played a major role in the sector’s market cap. The world’s first […]

6 April, 2021
Digital Currency,Ethereum,Stablecoin

VISA Set To Support Cryptocurrency Settlements

The global payments corporation, VISA, announced on Monday that it is making preparations to allow USD Coin (USDC) to settle transactions within its network. This move is being viewed by industry analysts as yet another clear sign that cryptocurrencies are being accepted by major institutions within the traditional financial industry. USDC was selected by VISA […]

30 March, 2021
Casino,Ethereum,Gambling

CasinoFair Temporarily Shuts Down Amid Network Congestion

The popular cryptocurrency casino, CasinoFair, has announced in a recent blog post that it will be temporarily stopping its gaming services. Citing unsustainable congestion on the Ethereum network as the main reason for this pause, the casino reassured its players that it is “actively researching solutions and hope to be back with a new range […]

26 March, 2021
Bitcoin,Coinbase,CoinMarketCap

Significant Bitcoin Drops As Coinbase Announces IPO

The cryptocurrency market is back in turmoil following yet another volatile week where Bitcoin almost reached a record-breaking value of $60,000. Bitcoin drops are nothing new, but the recent 25% decrease has caused panic amongst even traders with an experience of major currency fluctuations. The latest drop comes as Coinbase, one of the world’s largest […]

1 March, 2021
Cybercrime,Scam,Trezor

Trezor Warns Users About Fake Mobile App

Trezor is warning users of a malicious mobile application featured on Google Play which appears to be associated with the wallet provider. At least 1,000 users have already downloaded this software, and it is likely that some have unwittingly provided their seed phrase to unlock their funds. Both Trezor and SatoshiLabs have confirmed the existence […]

26 January, 2021
Bitcoin,eToro,Trading

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021
Bitcoin,Investment,Trading

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021
Sponsored

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020