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 that 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 are 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!

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