In the crypto world, spot trading mainly refers to transactions between cryptocurrencies, where cryptos trade against each other.
In most traditional crypto transactions, stable coins such as USDT (TEdacoin) are used to price Bitcoin, giving birth to a BTC/USDT trading pair (a trading pair comes into being when an asset trades against another, say, Ethereum). The price of this trading pair represents the amount of USDT required to buy 1 BTC or the amount of USDT obtained from the sale of 1 BTC.
CoinEx spot trading refers to the direct exchange of an encrypted asset for another. For example, if we use BTC to price CET, we have a CET/BTC trading pair. Transactions will be matched based on the priority of price and time to directly realize the exchange between digital currencies.
Spot trading is convenient, fast and cost-effective. In traditional crypto transactions, if you want to exchange BTC for CET, you have to sell BTC first and then buy CET, which costs you two transaction fees. The extra transaction fees can be saved if you exchange BTC for CET directly through CoinEx spot trading, which makes crypto exchange and circulation easier.
The market price of a trading pair in spot trading depends on the market supply and demand. If supply falls short of demand, the price goes up, and vice versa. For example, when people who want to exchange BTC for CET outnumber those doing the opposite, the demand for CET exceeds the supply, pushing up the price of the CET/BTC pair. The same is true the other way around.
CoinEx users can pay transaction fees with equivalent CET in spot trading, and enjoy exclusive rate discounts; at the same time, users who hold a certain amount of CET can become VIPs.
VIP levels depend on CET holding and determine the spot fees. The higher the VIP level, the lower the spot fees. Users who pay spot fees with CET can enjoy a 30% discount.
In one word, if you have CET, you can use it to pay the spot fees in CoinEx and enjoy a 30% discount. You can also enjoy privileges in CoinEx events, airdrops and acceleration opportunities for high-quality projects. Why not try spot trading in CoinEx and enjoy the benefits brought by CET now?
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