CoinW is a centralized cryptocurrency exchange (CEX). Launched in 2017, it offers spot and futures markets, copy-trading and direct cryptocurrency purchases. Additionally, CoinW crypto exchange users can add liquidity to the pools and participate in the earnings program.
CoinW is KYC-complaint and requires users to provide proof of ID. It's available in more than 120 countries. Users from Japan and the USA are prohibited from using the service. The platform can be accessed on both desktop and mobile devices. The current CoinW trade volume can be previewed above.
CoinW spot and futures trading supports crypto-crypto pairs only. However, crypto-fiat trading is available by using over-the-counter (OTC) and P2P trading services. Users can also purchase crypto using fiat via debit and credit cards or bank transfers as payment methods.
The CoinW platform prioritizes listing lesser-known altcoins. Token developers can submit a form to request a listing. Overall, there are over 500 CoinW trading pairs available for trading and more than 230 digital assets listed.
Like many crypto exchanges, CoinW hosts a native utility asset known as the CoinW Token (CWT). Users that hold the required CoinW crypto price value are eligible for reduced fee rates.
The CoinW Perpetual Swap is a platform for trading high-leverage perpetual contracts. All CoinW Swap contracts use margin trading. The margin is determined by the selected contract. Customers can also buy and sell exchange-traded fund (ETF) products.
Copy trading is a tool that allows users to promote trading strategies or follow strategies created by other investors. You must have a balance of at least 500 USDT in your futures account. Users that already follow other traders cannot publish their own trading strategies. Strategists are eligible for a 12% profit rebate.
There are no CoinW exchange fees for spot traders. The change was implemented in July 2022, following a period of free BTC spot transactions. However, ETF and futures traders, as well as customers that use leveraged tokens, are still subject to fees.
The platform uses a multi-tier, maker-taker model to determine the CoinW crypto fees. There are six levels in total. At level 1, the maker-taker fee is 0.2%. All upper tiers require users to have CWT tokens in their holdings. Level 6 traders must hold at least 86,800 CWT to have their fee rates reduced to 0.01%.
All deposits on the CoinW cryptocurrency exchange are free. The minimum and maximum withdrawal amounts, as well as withdrawal fees, are asset-specific. The fees are subject to change based on market conditions at the company's discretion.
In addition to the CoinW crypto exchange, users can access other financial services. Some of the features are based on the principles of GameFi. Users can complete daily challenges to earn rewards from the CoinW prize pool. The awarded CoinW crypto price is denominated in USDT.
CoinW Earn is an investment program. It offers three types of contracts – locked and flexible savings and hybrid financing. Users can select the preferred term of the locked contract or access their earnings anytime with the flexible plan. The APY of each contract may vary.
The CoinW Sharing Pool is a mining optimization model. Users that participate in the mining program share resources, traffic, and hash rates. Individual investors that hold the hash rate token FILH can earn part of the revenue. CoinW supports both PoW and PoS mining.
The CoinW cryptocurrency exchange is part of the broader CoinW ecosystem. It includes three crypto wallets – two hot wallets and the cold storage HyperMate. CoinW Ventures is a venture capital platform. It provides investments in DeFi, GameFi, and other blockchain development projects.
About the Company
The CoinW crypto exchange was founded by Mingguo Bai in 2017. According to the project team, the exchange has obtained licenses to operate in the USA, Canada, Lithuania, and Singapore. The company headquarters are in Abu Dhabi, UAE. The total CoinW volume can be seen in the chart above.
In April 2022, the exchange began its expansion into the Vietnamese market. A month later, CoinW started a partnership with the Spanish soccer league La Liga. It was reported that the company had amassed more than 7 million users worldwide.
In August 2022, following a cloud service upgrade, the platform experienced a synchronization glitch, leading to abnormalities in short-term perpetual contract prices. As a result, some customers lost their trade positions. The platform compensated the affected users for the total lost CoinW crypto price.
Mingguo Bai is the CEO of the CoinW cryptocurrency exchange. Before venturing into the DeFi space, he was the financial advisor for the royal family of Abu Dhabi.