Maker

Token

Spot

<p><strong>Zoomex is a new crypto exchange gradually pushing into the league of Bybit, KuCoin, and other major exchanges. Similar to these platforms, Zoomex offers a wide range of services and trading tools for crypto assets, including several profit-making opportunities.</strong></p>
<p>However, it one-ups most popular exchanges by also providing a decentralized derivatives trading platform – meaning it’s both a centralized and decentralized exchange. In this article, we will provide the full rundown of Zoomex CEX and DEX, features, registration process, and other details you need to know about the exchange.&nbsp;</p>
<h3 class="wp-block-heading" id="overview-of-zoomex">Overview of Zoomex</h3>
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Pros</strong></td>
    <td><strong>Cons</strong></td>
   </tr>
   <tr>
    <td>1. Zoomex supports both DEX and CEX trading</td>
    <td>1. No staking service supported.</td>
   </tr>
   <tr>
    <td>2. Certified by Hacken</td>
    <td>2. Doesn’t support fiat-to-crypto trading pairs.</td>
   </tr>
   <tr>
    <td>3. Licensed by Canadian authority.</td>
    <td>3. Mostly focused on derivative trading.</td>
   </tr>
   <tr>
    <td>4. Supports a broad list of Spot and Perp trading pairs.</td>
    <td></td>
   </tr>
   <tr>
    <td>5. Available on mobile and web apps.</td>
    <td></td>
   </tr>
   <tr>
    <td>6. Support over 30+ countries and fiat payment channels.</td>
    <td></td>
   </tr>
   <tr>
    <td>7. Zoomex does not require mandatory KYC for trading.</td>
    <td></td>
   </tr>
   <tr>
    <td>8. The exchange offers low trading fees.</td>
    <td></td>
   </tr>
  </tbody>
 </table>
</figure>
<h3 class="wp-block-heading" id="introduction-of-zoomex">Introduction of Zoomex</h3>
<p><a href="https://www.zoomex.com/en/" rel="noopener noreferrer nofollow" target="_blank">Zoomex</a> presents itself as a “premier cryptocurrency exchange dedicated to providing a swift, stable, and secure platform for trading cryptocurrencies.” The exchange was founded in 2021 by Amos Z and Jay Hsu, according to the information on Crunchbase.&nbsp;</p>
<p>In 2022, Zoomex partnered with Villarreal CF to become the Official Crypto Exchange Partner for the Spanish football club for the 2022-2023 season. In the following year, the crypto exchange also became the official partner of Oliver Bearman, who is currently the F2 driver for the Ferrari team.&nbsp;</p>
<p>In three years of operation, Zoomex has amassed two million registered users across more than 30 countries. The exchange is open to users around the world, except for people in mainland China, North Korea, Cuba, Iran, Sudan, Syria, and Luhansk.&nbsp;</p>
<p>Zoomex is licensed under the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which is Canada’s national financial intelligence agency. It is also actively pursuing additional licenses from various countries and organizations.</p>
<h3 class="wp-block-heading" id="key-features">Key Features</h3>
<p>One of the nicest features of Zoomex is that it offers both centralized and decentralized derivatives trading options, which can be accessed from a single interface. This is unlike the DEXs provided by Binance, OKX, and other exchanges, which are solely for token swaps.</p>
<p>Users can connect to Zoomex DEX using MetaMask, Coinbase Wallet, imToken, and WalletConnect. While connecting wallets, you will be prompted to sign two signature transactions that are totally free. Typical with Dapps, users are not required to submit their personal information, which is ideal for traders who are cautious of their privacy or pro-DeFi.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcwURG-h8yZUBAhss9AtWE5uLWeUytKCIlymkRs-9VQ6bpxRDTWvqr8RzX0_B8NoLccLzKzfg7Sfeb3wdRGcve7VnorvP7ljyk9_MzA7e2ZzYKYkXM9zp8LzmfG-gcffJzvqqGhd3W2S9vVYEc7TbkY3n8?key=QMSft7rchSWlGHg8Vk4Law" alt="">
 <figcaption class="wp-element-caption">
  Image: Zoomex DEX interface.
 </figcaption>
</figure>
<p>Zoomex allows users to trade over 300 Perpetual futures contracts with up to 150x leverage on both CEX and DEX platforms, especially for trading pairs with top liquidity, such as BTC and ETH pairs, and so on. It also boosts having less than 10ms in total trading interface latency. Zoomex also offers a so-called Game Center where users can play certain games for reward.&nbsp;</p>
<p>KYC or “know your customer” is not mandatory when using Zoomex CEX. The exchange only requires verification for users who withdraw more than 100 BTC a day.&nbsp;</p>
<p>Zoomex also offers users a payment channel to purchase selected cryptocurrencies using multiple fiat currencies. The service is offered through third-party online payment platforms. Some of the supported currencies include USD, CAD, JPY, EUR, GBP and ten others.&nbsp;</p>
<h3 class="wp-block-heading" id="supported-token-listing-criteria">Supported Token + Listing Criteria</h3>
<p>As earlier said, Zoomex supports over 300 Perpetual contracts, covering USDT Perpetual (contracts using USDT as collateral) and Inverse Perpetual (contracts using the coin itself as collateral).&nbsp;</p>
<p>On Spot market, the exchange supports 64 cryptocurrencies. These include Bitcoin, Ethereum, Solana, Binance Coin, Dogecoin, Shiba Inu, and trending memecoins like Pepecoin and Dogwifhat, among others. Spot trading on Zoomex is quite straightforward with a familiar interface.</p>
<h3 class="wp-block-heading" id="futures-trading-offerings-on-zoomex">Futures Trading &amp; Offerings on Zoomex</h3>
<p>The futures trading interface and functionalities on Zoomex are similar to what you would get on Binance, Bybit, and some other exchanges. This entails that traders don’t have to relearn how to navigate and trade crypto futures contracts differently on Zoomex.</p>
<p>Unlike most exchanges, Zoomex does not require KYC verification to trade futures contracts on the platform.&nbsp;</p>
<p>Zoomex offers the three common order types – Limit, Market, and Conditional. The Limit order allows traders to set their leverage, contracts quantity, and the price at which they want their orders filled. The Market order allows traders to set their leverage and contracts quantity, but the orders are executed immediately at the current market price.</p>
<p>Conditional orders are more advanced. They execute automatically once specified criteria are met, namely a trigger price.</p>
<p>Zoomex also supports BBO (Best Bid Offer) orders, which is a type of limit order that allows traders to quickly set a limit order price that matches the current best bid or ask price for a better counterparty price and faster order execution.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfoANXLHE8sajfJZ9-zm2b7rdnmMn59rXnp-EUhXt70hh9pAccO71uFnmPSC3vIcaS_XP8x8LSoBLY9yncIBouH50g0JA5hCGT6HZNSgYQwuWbrVwIIKO8bsj1VcCYlpb36P7UHeMf1UR_rWHI5dtNfnME?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<p>The BBO order works for both USDT &amp; Inverse contracts. There are only four inverse contract trading pairs, which include BTCUSD, ETHUSD, XRPUSD, and EOSUSD, and over 300 USDT contract trading pairs.</p>
<p>All the Inverse contract pairs can be traded with up to 100x leverage size, but some major USDT contract pairs can be traded with 150x leverage.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfSTi_puNttj6nme2YVepHFxAGkrypR7yBZPxf9XpFEGqM5K0Vm1kf8HVDbJasF8Qzt0xQaA3nkwypIubFwOtLrMyXOL_UMowHbA7To8Gs4s_4By8nDNhHn2T1VbeIW2E01tSHxaRrCE0i9BXF5fz45F3k?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<h3 class="wp-block-heading" id="trading-volume-fees">Trading Volume + Fees</h3>
<p>Zoomex is currently the 17th largest derivatives exchange, bigger than Crypto.com, Gemini, MEXC, Coinbase International Exchange, and others, according to Coinmarketcap data. Zoomex sees over $15.5 billion in 24-hour traded volume, with $1.8 billion in open interest.&nbsp;</p>
<p>Coincodex shows a higher volume of $15.7 billion but ranks Zoomex as the 28th largest exchange by volume.&nbsp;</p>
<p>A high volume indicates the presence of active traders and a more liquid market. Liquidity is the measure of how easily an asset can be bought or sold at a fair price. The large trading volume on Zoomex indicates more buyers and sellers actively trading, so it’s much easier to enter or exit positions on the exchange without significantly affecting the price of the cryptocurrency being traded.</p>
<p>Zoomex charges a 0.02% Maker Fee Rate and a 0.06% Taker Fee Rate for both USDT and Inverse Perpetual contracts trading. On the Spot market, traders are charged a 0.1% Maker Fee Rate and a 0.1% Taker Fee Rate for all the supported trading pairs.&nbsp;</p>
<p>The exchange offers a discount on trading fees for its VIP traders. Those on VIP1 (with $5m or more in 30-day contract traded volume) see a 40% discount off the standard Taker Fee Rate to 0.036%. VIP5 traders see as much as 90% and 60% off the standard Taker and Maker Fee Rate to 0.002% and 0.024%, respectively.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc60Usndmy2H1W08sphkC9r3wWkBDlyYPlG03YQnZdUxR0A49im7Ua6fhUii8pX2U7PyR-XvSvvMoO_FQIsu9yGk1mad4C3W6WrOIg8ptdLiDKYnhIBAE_vBaZ9GgTYPsIOWBOIS33-Dxyxv-B9hDl-XbM?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<h3 class="wp-block-heading" id="how-to-sign-up-on-zoomex">How to sign up on Zoomex</h3>
<p>The registration process on Zoomex is self-explanatory and takes just a few minutes. You can follow the steps below to sign up:</p>
<ul>
 <li><strong>Step 1:</strong> Go to the official <a href="https://i.zoomex.com/1MIab4NW" rel="noopener noreferrer nofollow" target="_blank">Zoomex website</a> and click on the “Sign-up” button at the top-right corner.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXesOytoWYwgFqJVnZG8Z5EnlkAhxD91OaYolynkdKuvLSIGeeAe5osgu60_ro7AT0e1oBXAyINjhqZKOfuynPojfubb2P3-aNm7F6G1IPilpbj35s66QFgDmWzTw9blvHdyZAWeuNSEtT7AH15wGtfJCdo?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<ul>
 <li><strong>Step 2:</strong> Enter your Email address and password to create an account. There is also an option to sign up using a Google account or Apple ID.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXenhriVyB8GhAmQgzIj6DNmYw8b-sqDN5gR6sG4RKJjYD4gpih87DcS_BuarG3ysFfhmusZh97lkjhcJvzjV8T5Qt5uca9dUprEp34sN4RKLRo_QaWMW0pfuri1_rz0NJUjyhD21dspd0VKSwzV36F7SQ?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<ul>
 <li><strong>Step 3:</strong> Input the verification code sent to the email address you submitted.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXchqSRkfvnmI5RTUecax5uPyRAFEkiriQUvCqmKydibKnBzF7qUYm3e2L59PaOYsVRguYxjRjdxw-cE-R42a4ADwaasLemYj0cHZ1nEuTuxXYeLMfBoYZ_EFfxqhEQte3b6ZUX2frvr07oPijuZXyOf-uY?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<ul>
 <li><strong>Step 4:</strong> You will be greeted with a welcome page confirming that your account was successfully created. You can then proceed to fund your account through crypto or supported fiat currencies.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeB-_-p4U-wU-CFDZ-xGrF7YgCVTnNAT5gOPK4K6typcAYqaUDZH7MQdAMZ706N1Hv3jsj_Y3hppQJVcnhl1-L-6xwf9E6VCPKSkXchYKjL3TXOSVL9ktCDFYwSHrokdMeyZDsapA0g2CjSE3Akebap9W0?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<h4 class="wp-block-heading">How to fund your Zoomex account with crypto</h4>
<p>There are just four steps to depositing or funding your Zoomex account with cryptocurrency.&nbsp;</p>
<ul>
 <li><strong>Step 1:</strong> Choose the crypto you wish to deposit. This could be BTC, ETH, USDT, XRP, EOS, etc.</li>
 <li><strong>Step 2:</strong> Select the preferred network. This could be ERC20, TRC20, BEP20, Arbitrum, etc.</li>
 <li><strong>Step 3:</strong> Choose “Funding Account” as the receiving account.</li>
 <li><strong>Step 4:</strong> Copy the address provided or scan the QR code to copy the address, then transfer the crypto to the address from your other exchange account or external wallet.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcbeqye2ubHulOOhZB9iw9eEMPYSdsJu8UO0yp0285-B7vp499XSITvx0KSPm3rVjd80e1H90Rm4XT3VWwCxOU87MIbLnzo8LlZ_oop9DqV3N3Y7NRIjSl531pqj-UNCrlRh5ri0E3Ylo708fcd71ldGhc?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<p>Your assets will be deposited after network confirmation if done correctly.</p>
<p><strong>Note:</strong> Ensure you send the crypto via the correct network and currency type. Zoomex does not support deposits via smart contracts. The minimum deposit amount is 0.1 USDT; otherwise, the funds deposited will not be credited properly.&nbsp;</p>
<h4 class="wp-block-heading">How to fund your Zoomex account with fiat currency</h4>
<p>There are just four steps to depositing or funding your Zoomex account with cryptocurrency.&nbsp;</p>
<ul>
 <li><strong>Step 1:</strong> On the Spend section, select any supported currency and the amount you wish to deposit.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfhoSK27kHgnLrASGnvPd0BnXtxh-fGGqLA-AVgt0tgAuN5X1dYy0PNIazCwgkI3B0FoiasOwT1SyVIzN33BHazR2toh-UsRt52fBbMsyfdY-GbRPMrQhsdyqReIg_Z2e0E0JV1t0cYmtLH4rlhiDKzmg?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<ul>
 <li><strong>Step 2:</strong> Select the crypto you want to receive, either BTC, ETH, or USDT.&nbsp;</li>
 <li><strong>Step 3:</strong> Click on the Continue button.</li>
 <li><strong>Step 4:</strong> You will be directed to a different page where you can fill in your card details and make the payment.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf2peOlCyO_pMfhindd8nuVw7NQLTdW_UtQIc-Wz6f7FTE2Gol3ISjp2vo1zgsrmIcFOPGO_i-MUMzbx9zzyMlBowFncsOMYhzKLyC2d-hdlblM8D0xD8T2F_AhcHVgb_P75SQaZSupOQd2mxqJFLjgOQ?key=QMSft7rchSWlGHg8Vk4Law" alt="">
</figure>
<h3 class="wp-block-heading" id="security">Security</h3>
<p>Zoomex claims to have implemented top-tier security systems to safeguard user assets. Since its inception in 2021, the exchange has recorded no cases of security breaches. User assets are protected through a multi-signature cold/hot wallet system.&nbsp;</p>
<p>The exchange is also certified by Hacken, a blockchain security auditor.&nbsp;</p>
<h3 class="wp-block-heading" id="offers-active-campaigns">Offers/Active Campaigns</h3>
<p>Zoomex is currently running different campaigns to reward both existing and new users. Upon sign-up and making a first-time deposit of $500, new users are rewarded $10 back with a chance to claim a $45,115 bonus.&nbsp;</p>
<p>The exchange is also running a so-called “Enhanced Funding Promotion” that will double the trading capital of qualified traders. It’s also hosting a futures trading challenge with $20,000 up for grabs.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcuN25XYiTVa2cMJA9Ia4SESAzFV5PvQna5YAtIWocNI-cBjPDZ7DEUeIBCz9obJ-OeIECzdLaCfEtKOYiZJksGyqA6GIxoOfAPYbDVTBiaOYzsnItmpaRCzBIyJaJgK8Wz2d98ZmTzAzLkfYLi-6E8alo?key=QMSft7rchSWlGHg8Vk4Law" alt="">
 <figcaption class="wp-element-caption"><em>Source: </em><a href="https://www.zoomex.com/en/" rel="noopener noreferrer nofollow" target="_blank"><em>Zoomex Homepage</em></a><em>.</em>
 </figcaption>
</figure>
<h3 class="wp-block-heading" id="conclusion">Conclusion</h3>
<p>There are a number of factors that make a good crypto exchange. These include security, liquidity, regulatory compliance, ease of use, and supported cryptocurrencies, to name a few. Although Zoomex has yet to offer some popular features like staking, the exchange checks out in other areas.&nbsp;</p>
<p>Zoomex’s user-friendly interface allows for easy navigation and trading on both the CEX and DEX platforms. Assets on the platform are secured through a multi-sig cold/hot wallet system, which ensures optimal security for users’ funds on the exchange.&nbsp;</p>
<p>Users have the option to trade 64 cryptocurrencies on the Spot market and over 300 Perpetual contracts without the need for mandatory KYC at competitive fees. Zoomex sees over $15 billion in daily traded volume, which indicates high trading activities and liquidity.&nbsp;</p>
<p>At the moment, anyone can use Zoomex except people in mainland China, North Korea, Cuba, Iran, Sudan, Syria, and Luhansk.</p>

Zoomex Unveiled: In-Depth Review, Top Features, and Easy Sign-Up Guide

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Cryptopolitan_News

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