The No-Fuss Platform for Crypto Options and Futures Trading
Investors have hundreds of trading platforms and crypto assets to choose from while dealing with bull markets. But when the market turns bearish, fewer choices meet the bar. Given these ongoing challenges, Coincall, a new trading platform founded by experienced crypto traders, is betting that options and futures trading will become increasingly popular.
The changing landscape of futures and options
Coincall provides a reliable and convenient trading platform ideal for experienced traders as well as beginners looking to explore the world of options and futures trading.
Unlike spot trading, futures and options are secure contracts based on the fluctuating value of an asset. With futures, investors are obligated to trade their assets for a predetermined price on a particular date in the future. On the other hand, an options contract gives investors a clear choice to trade or not to trade their crypto assets for a fixed price on a fixed date.
Investors are now turning their gaze towards these contracts to hedge against risks and speculate the future price of assets. Moreover, since they offer greater flexibility and control than spot trading, more and more investors in the DeFi space are interested in exploring options and futures. The rise of decentralized applications (dapps) has truly made it easier for investors to trade their contracts.
The rising popularity of yield farming has also increased demand for options and futures contracts to hedge against impermanent loss, which occurs when the price of an asset in the pool changes, causing the liquidity provider to lose profit from the token that appreciates in value.
Stepping up with Coincall
The members and founders of the Coincall team hail from across the globe, and their combined experiences have contributed to the design and development of the platform. The simple, clean and user-friendly interface is ideal and welcoming for anyone, regardless of previous experience. The website is loaded with educational resources for users to learn and understand the nuances of options and futures trading.
Coincall also goes above and beyond to make its platform an exciting option for retail and institutional investors. Retail traders are particularly well-suited for Coincall, making it the easiest platform in comparison to other options and futures trading websites.
Other benefits include:
-
A wide range of assets, starting from mega-popular Bitcoin and Ethereum to other interest-specific cryptocurrencies
-
Competitive fees to help traders save more and earn more
-
An array of advanced trading tools including margin trading
-
24/7 uninterrupted customer support to resolve any minor or major issues
How Coincall stands out
While derivatives trading is not as crowded as regular crypto-asset trading spaces, Coincall has made efforts to make its operations better than its competitor platforms. The current trading platforms and exchanges do not offer a user-friendly interface, which gives Coincall an edge to adopt more customers.
Coincall aims to be the Robinhood of crypto futures and options trading, with simple operations and affordable trading fees. As many trading platforms charge higher fees, Coincall competes well with Robinhood in this realm. Competitor platforms like Deribit focus on experienced customers, while Coincall’s target audience includes both experienced as well as beginners wanting to focus on derivative trading.
Coincall will need more than ambition to succeed, though. It will need to execute its plans well and build a strong reputation among traders.
Factors that help Coincall stay confident
Here are a few reasons we believe Coincall will excel in the future.
-
Coincall has invested in its trading interface. It offers two different interfaces for trading: Lite and Pro. The Lite version offers easy access for traders who are new to the scene, while the Pro version will be optimized for maximum customizability.
-
Compared to its competitors, Coincall offers a curated set of derivative trading products. For instance, its trading opportunities include USD-denominated options and a variety of futures to choose from.
-
Because it plans to leverage the futures and options market, Coincall uses the power of its global team, especially in development. The platform’s path ahead will be spearheaded by experts who have seen the changing dynamics of the DeFi space.
A new platform for newer markets
Coincall launched its early bird access for interested traders beginning June 15 to June 29. Users can enter the CoinDesk exclusive code “CC001” for an special bonus.