FameEX, a secure and global exchange, has announced an upgrade to its perpetual futures derivatives in an attempt to simplify professional trading. Known for their commitment to “Smart Trading for Easy Gains”, FameEX is on the verge of launching a new version of futures contracts by the end of July. This update will offer a fresh perspective on contract matching logic and order placements, as well as the inclusion of USDC trading zones, different position mods, new collateral mods from single to multi currency and new TP/SL order functionality.
This latest modification highlights FameEX’s commitment to the derivatives trading landscape. It’s designed to lessen user trading risks, thus fostering a fair and free competition environment. Given the complexity and high threshold of perpetual futures trading, this initiative is aimed to make trading more user-friendly for the more than 90% of users who are not professionals. The goal is to enable new users or beginners to understand, operate and evaluate derivative products as easily as professional traders. This is in line with FameEX’s mission of product optimization, aimed at creating a fair, free trading environment, and reducing user losses.
FameEX’s Bold Steps to highlight 4 New Features
FameEX’s innovative use of the USDC trading zone comes at a time when it’s one of the industry’s hottest topics. Currently, various exchanges are launching new stablecoins, such as FDUSD, USDD, DAO, BUSD, as well as introducing fiat coin margined futures. However, FameEX stands out by enhancing their offerings with the introduction of a new USDC margined perpetual trading zone feature. This update provides traders with more opportunities to profit from different quote coins.
The introduction of a take-profit (TP) and stop-loss (SL) scheme is another user-focused measure taken by FameEX to manage profits and risks under extreme market conditions. It’s particularly beneficial to users unable to keep pace with real-time market fluctuations. A take-profit order plays a critical role in securing profits, provided market fluctuations are accurately anticipated. Conversely, stop-loss orders aid in reducing losses in situations where market movements run counter to one’s positions. Therefore, these orders function akin to an uncompromised insurance policy, providing essential protection for traders. The new TP/SL order function will assist new users by minimizing their risk. This approach aims to lower the entry threshold for new users to trade futures and make professional-grade trading accessible to all.
FameEx’s upgraded perpetual futures now include two-way positions, a feature designed to mitigate user trading risk. This improvement is crucial given the crypto market’s susceptibility to traditional financial market news. Two-way positions provide users with a method to hedge risks and limit losses when their market predictions are incorrect. FameEx has introduced new collateral modes, transitioning from single currency to multi-currency, to provide traders with more convenience in different stablecoin exchanges and opportunities to profit. Furthermore, this will reduce the costs associated with fees as there is no need to exchange for different currencies.
FameEX is keen on embedding their mission into the core of their product. It aims not only to simplify professional trading but also to mitigate trading risks for users. The company is looking forward to its future as a leading derivatives trading “tool” platform, offering users a stable, faster, deeper, and simpler trading experience. This update is expected to reshape FameEX’s image, highlighting the power of product refinement and superior service in helping the platform stand out and continually improve.
Launched in 2020. FameEX is a global cryptocurrency exchange that currently provides fiat-crypto, crypto-crypto, grid trading, futures, options, margin, spot and a hugely popular referral and affiliate program. With more than 600,000 registered users across 50 countries and regions. FameEX provides a secure, stable and efficient 24/7 trading platform. In addition, FameEX keeps pushing the boundaries of the crypto exchange industry, exploring frontier growth opportunities and strengthening core competencies, expanding into adjacent product offerings and developing innovative business models that lead the way in bringing Web3 solutions into the crypto ecosystem including recruiting more Web3 developers and researchers to enrich the Web3 product that will support those visionary traders.
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