On September 1st, it’s been six months since we’ve launched CEX.IO Dealer for testing in a closed beta format. For individuals who want a refresher, CEX.IO Dealer is a platform for digital belongings margin buying and selling based mostly on Contracts for Distinction (CFDs). It gives skilled buying and selling instruments wrapped in an intuitive interface and permits executing each easy and complicated buying and selling methods throughout varied markets and belongings.
For some time, the workforce has been working quietly behind the scenes to enhance the platform and incorporate the beta testers’ suggestions. As we're making ready to open up CEX.IO Dealer to the qualifying customers quickly, we needed to provide extra highlight to it and correctly introduce it to the world.
For this text, we sat down with those that’ve been within the trenches with CEX.IO Dealer from the very begin – the assist workforce. These guys know the ins and outs of the platform and have seen its powers in motion. With the assistance of our beta testers, the assist workforce has been instrumental in figuring out the problems that required fixing and proposing enhancements. We’ve requested them about probably the most thrilling options of CEX.IO Dealer and what potential customers ought to anticipate within the upcoming public beta launch. Their solutions mirror the inputs from beta testers and months upon months of working straight with the platform.
Q: What's the most intriguing function of CEX.IO Dealer for you?
Skill to commerce cryptocurrency-based CFDs with lots of flexibility.
We, after all, hold a detailed eye on different CFD platforms on the market, each in conventional foreign exchange markets and ones supporting cryptocurrencies. Conventional markets have particular “open hours” and solely permit fiat as an account foreign money. Each components pose limitations on customers within the context of the globalized world. The rising cryptocurrency platforms providing CFDs solved the “open hours” limitation and allowed shoppers to make use of cryptos for buying and selling CFDs. But, they've restricted shoppers with fiat entry to those markets. So it’s eradicating one straitjacket and putting the opposite again on.
At CEX.IO Dealer, we try to take care of as a lot flexibility as doable. Meaning 24-hour buying and selling as a baseline. Extra so, we provide the most well-liked cryptocurrency pairs: BTC/ USD, BTC/EUR, ETH/USD, ETH/EUR, ETH/BTC, LTC/USD, LTC/BTC, with extra coming. As well as, a consumer can select to deposit both fiat or cryptocurrency. What it means is: one can have a buying and selling subaccount in a single foreign money (BTC, for instance) and be uncovered to cost actions of the opposite (LTC/USD, for instance). Fairly neat!
In different phrases, we mix the experience with digital belongings we’ve gained at CEX.IO and our data of conventional monetary markets to deliver the perfect of two worlds collectively.
Q: How would you characterize CEX.IO platform general?
One phrase that involves thoughts – simplicity. CEX.IO Dealer buying and selling terminal matches the wants of each skilled merchants and people who need to take a look at the waters and study new devices.
For professionals, the platform affords the instruments they're accustomed to, from analytics to danger administration. There's an intuitive onboarding, so somebody can hit the bottom operating very quickly.
For newbies, there's a easy technique to begin with a Demo account. There isn't any registration required, and all performance is offered in a simulated setting. A consumer can take a look at the instruments and get snug with the interface earlier than progressing to a stay account.
In fact, CFDs are advanced devices and everybody wants to realize enough understanding earlier than attempting them. We're dedicated to educating our customers alongside the way in which and offering helpful info in our knowledge base each in regards to the platform and about CFDs, leverage, and margin buying and selling normally.
Q: What options of the platform did our beta testers discovered probably the most helpful?
There are loads! Technical evaluation instruments, varied order sorts, and one-click and double-click buying and selling modes. Every of those performs its personal vital position.
Technical evaluation is an integral a part of buying and selling. To make knowledgeable buying and selling choices, you'll want to analyze market tendencies and interpret worth actions. Some folks declare that they can “really feel the market”, nevertheless it all begins with the power to establish patterns. To assist a consumer do that, CEX.IO Dealer gives a various vary of technical evaluation devices and superior charting and drawing instruments.
A wide range of order sorts can also be central for the profitable execution of any buying and selling technique. CEX.IO Dealer affords Market Order, Restrict Order, Cease Order, One-Cancels-the-Different (OCO) order. Extra so, order protections, like Cease Loss and Take Revenue can be found proper for the time being an order is positioned. Each signify an inseparable a part of a danger administration course of.
Lastly, a dealer on CEX.IO Dealer can toggle between one-click and double-click buying and selling modes. One-click buying and selling is beneficial when a dealer must quickly ship new orders, cancel working orders, and shut positions. Double-click buying and selling, then again, permits a consumer to keep away from impulsive trades and double-check each enter.
Q: What's CEX.IO Dealer’s superpower, in your view?
Certainly, it’s the skilled and really devoted assist workforce! However that is coming from somebody who works in assist, so it shouldn't sound stunning!
CEX.IO Dealer is a product throughout the CEX.IO ecosystem. Therefore, it inherits the CEX.IO’s battlefield examined strategy to buyer assist. We care about our customers, all the time unravel their points, and don't cease till the matter is resolved. We consider buyer assist a basis of belief and take our position significantly!
In fact, assist apart, the platform itself is sort of fascinating. You get the strong skilled buying and selling terminal that lets you enlarge your good points with leverage whereas defending your draw back with danger administration instruments. And all of it comes with an easy interface. The technical workforce does an excellent job of melting collectively the pliability and user-friendliness of the platform!
One other facet price mentioning is the extent of consideration the workforce pays to what’s happening underneath the hood. They work tirelessly on narrowing spreads and making certain the liquid order e book. Each are fairly vital from the buying and selling prices standpoint! Absolutely the technical workforce is healthier outfitted to inform extra about it. And, relating to CEX.IO Dealer assist crew, we undoubtedly can not wait to open up CEX.IO Dealer to the general public!
Particular because of Arden Crowley for his beneficiant time and his insights! ✌️🙂
How the workforce combines the robustness of the platform with an intuitive consumer interface and far more – learn within the upcoming Half Two article “What’s up with CEXBro, Bro?” Keep tuned to study in regards to the public beta launch dates and get a glimpse of the behind-the-scenes CEX.IO Dealer course of.