Review on Binance JEX by Saparov Meylis

In the early fall of 2019, one of the most famous and largest cryptocurrency exchanges, Binance, announced the purchase of a platform called Jex.



In this regard, the platform, which specializes in spot and derivatives trading, changed its name to Binance JEX, performed some rebranding and acquired thousands of new users.



In this article, we will tell you in detail about the features of the site and how it can be of interest to all users of earning money on trading assets on the Internet.

Binance JEX is a unique blockchain platform offering both standard cryptocurrency trading and digital asset options futures. This approach is implemented so that traders have the opportunity to make both standard earnings on growth and using strategies with a falling market.



The administration of the site notes that options and futures show the highest efficiency as instruments for using capital and convenient trading in conditions of low credit risk. These characteristics are designed to solve most of the problems of ordinary professional investors and even beginners.



In order to ensure the maximum liquidity ratio for the whole platform, the Binance JEX team has implemented the opportunity to trade such currencies: BTC, ETH, EOS, BNB, DASH, NEO and some others. The list is small, but each of the assets meets several important criteria, it has a trading pair with an electronic dollar, it is necessarily actively traded on other large exchanges and has a sufficient level of liquidity.



In order to maintain prospects and growth, the project team regularly improves its product, adding a variety of futures and options, as well as other derivative products.



The main advantage of this exchange is the presence of cryptocurrency derivatives. Using these financial instruments, traders get an excellent opportunity to earn money on short.

This exchange has its own cryptocurrency of the same name, JEX. Naturally, immediately after the news of the merger with the market giant Binance was published, this token went up in price.



Currently, about half of the project's 2 billion coins are in circulation. The average price tag of one unit of Jex Token is at around $ 0.036.



In the near future, the token will be migrated from the ERC20 standard to the BEP2 standard, which is common for the Binance ecosystem. Immediately after the completion of the exchange by most of the user community, the JEX Coin team will submit an application for listing on Binance DEX.



It is noted that in the ecosystem of the Binance JEX exchange, both the JEX token and BNB will have common functions to provide discounts and a variety of special rights.