More People are searching What is WEEX?, now! I collect all of resources to publish this article and really hope can help you lot.
Actually, WEEX is a prestantious cryptocurrrency platform was founded in Singapore in 2018, WEEX focused on derivatives trading. WEEX is really popular in Asia, with over 1 million registered users, and an average daily trading volume exceeding $1.5 billion. In 2023, WEEX released the multiple language version of their website for their international WEEX users.
WEEX is well-known as a professional derivatives exchange, offering trading of USDT perpetual contract, inverse contract, and simulated contract. However, it is also suitable for newer crypto traders, since it offers spot trading with zero fees, and copy trading, where you can automatically follow the exact trades as successful traders. WEEX complies with regulations around the globe, with licenses from US MSB, Canada MSB, and SVGFSA, so you can trade with peace of mind.
Our Overall Thoughts on WEEX
WEEX is an outstanding crypto exchange, with competitive fees, spot trading, futures trading, and an advanced trading interface. It is secure, licensed, and even has user protection funds. These are the top 3 features that draw us to WEEX:
Several trading markets supported: WEEX is particularly known for its wide range of derivatives and futures trading markets. Users can trade USDT perpetual contracts, inverse contracts and simulated contracts. For newer traders and those who prefer lower risk, they can explore the spot trading market with zero fees.
Copy trading: Copy trading is a concept that has been adopted quite well by the crypto industry. The idea of copying the exact trades of a successful trader is something that many beginners like to try. On WEEX it is easy to search for professionals with good track records, and choose to copy them. Then WEEX will automatically make the same trades as they do in real time, so you can profit from their experience.
Security, compliance, and protection: WEEX is one of only a few crypto exchanges that has been licensed by multiple authorities. You can trade on WEEX without any worries of the exchange being shut down due to regulatory issues, since they are compliant with various regulatory bodies. The exchange also offers next-gen security and a protection fund of 1,000 BTC in case any hacks or breaches occur.
One downside of WEEX is the limited range of cryptocurrencies supported. While this may be an issue for some who want diversity, we find that most frequent traders tend to focus on the most popularly traded coins anyway.
Key Features and Advantages of WEEX
WEEX has a simple yet professional design, making it easily accessible by traders of all levels. For starters, there is an option to spot trade a variety of popular cryptocurrencies on the exchange with zero fees, or alternatively trade futures of three different kinds: USDT perpetual, inverse, and simulated.
WEEX is also a fully licensed and regulated crypto exchange with protection funds in reserve for rainy days. They have even been endorsed and highlighted by popular media brands like Bloomberg, Yahoo, and Investing.com.