Original | Odaily Planet Daily ( @OdailyChina )
Author: Golem ( @web3_golem )
In the past year, CoinWs business has improved significantly. According to internal data, in 2024, CoinW added more than 1.14 million new users, the total exchange fee exceeded US$175 million, and the total transaction volume exceeded US$305.7 billion, a month-on-month increase of 716.01%. According to CoinGeckos exchange ranking data, CoinW ranks 23rd among the 217 crypto exchanges in the world.
Although CoinW is an old exchange founded in 2017, it still maintains its innovative vitality. In the past year, it has launched a variety of products and services such as proprietary trading products PropW, order fees as low as 0.01%, Telegram signal copy trading robots and advanced limit orders, continuously improving user experience, which is also an important reason for the significant growth of CoinWs business in 2024.
Next, we will introduce in detail CoinW’s innovations and product updates over the past year.
Innovations and product updates in the past year
PropW: Discovering transaction talents and achieving win-win results
PropW is a proprietary trading product released by CoinW on April 24, 2024. That is, after paying a certain registration fee and passing the trading test, users can use the platforms own funds to trade, with amounts ranging from US$5,000 to US$200,000, and profit distribution up to 80%. Users can also get a full refund of the registration fee if they reach the profit target.
At the same time, PropW has set up a flexible challenge mode. In normal mode, the profit target is 8%, and the maximum account loss is set to 10%; in difficult mode, the profit target is 10%, and the maximum account loss is 6%.
PropW has developed a unique assessment process for platform traders. Traders who complete the challenge or meet the requirements can manage platform funds for trading, eliminating certain financial risks for personal trading while maximizing users trading potential (up to 90% profit distribution), achieving a win-win situation between the platform and users.
In 2025, CoinW plans to continue to improve PropW products, including increasing the maximum account limit (exceeding the current US$200,000), launching API transactions, etc., to continuously improve the user trading experience.
The order maker fee is permanently reduced from 0.04% to 0.01%
On November 15, 2024, CoinW announced that it would permanently reduce the order fee for futures trading on the platform from 0.04% to 0.01%, and the futures taker fee would remain at 0.06%. Binance Futures order fee is 0.03%, and CoinWs reduction to 0.01% will undoubtedly improve the trading experience of platform users and enhance the profitability of high-frequency traders and volume-based strategies.
Especially for ordinary users, the 0.01% order placement fee can reduce the cost of DCA. For example, if a DCA user invests $10,000 per month to buy BTC futures contracts, the monthly fee paid is $3 if Binance orders are placed, while the monthly fee paid using CoinW is only $1. This gap will reduce the users transaction costs in long-term investment.
For the entire market, reducing order fees and encouraging users to trade through order placement will also help improve the liquidity of the entire market.
Automated Tools and Advanced Limit Orders
CoinW will continue to improve its products and enhance the user trading experience in 2024. In October, CoinW launched a series of futures strategy transactions, including Martingale (swing bottoming, entering the market in batches when the market pulls back), CTA (real-time monitoring and execution of transactions based on indicators such as MA, MACD and BOLL) and contract grid strategy (7*24H automated buy low and sell high or sell high and buy low strategy).
Users can adopt these strategies with one click through automated tools, making it easy for both beginners and advanced users to get started. According to official website data , CoinW strategy trading currently has 4,694 users and has generated cumulative earnings of over $440,000.
In December 2024, CoinW released the Telegram signal copy trading robot. Users do not need to download the CoinW application, and can directly link the Telegram account and wallet to copy the contract. The intuitive and smooth interface and seamless execution enhance the trading experience, which is not only suitable for individual traders, but also for teams.
At the same time, in order to provide users with a better trading experience, CoinW also launched three advanced limit orders as early as 2023: stop-profit and stop-loss limit orders, IOC (immediate or cancel) and FOK (full execution or cancellation).
Stop-Limit orders are used to set a specific take-profit or stop-loss price, which can only be executed when the market price reaches or exceeds the set limit price;
IOC means that the order must be partially or completely filled immediately. If the order cannot be fully or partially filled at the moment it is received, it will be cancelled;
FOK means that the order must be fully executed or it will be cancelled. FOK orders require full matching immediately after submission. If it cannot be fully executed under current market conditions, it will be cancelled immediately.
Stop-profit and stop-loss limit orders are suitable for users to control profits or losses. IOC is suitable for traders who want to enter or exit the market quickly. FOK is suitable for large traders who want to execute orders at a certain price. If the transaction cannot be completed, the order will be cancelled.
The three orders work together to provide traders with precision and flexibility in their trading strategies.
Conclusion and Outlook
Over the past year, CoinW has significantly improved the competitiveness of the platform with a series of innovative measures, especially in terms of products and services. PropW and the 0.01% order fee are the highlights of CoinW. On the one hand, PropW provides users with a low-risk trading opportunity, helping traders to maximize their profits with their own trading expertise with the support of platform funds; on the other hand, the low-cost transaction fees provided by CoinW will continue to attract high-frequency traders and fixed-investment traders to join the platform.
Looking ahead to 2025, CoinW will continue to focus on enhancing user accessibility and empowering global traders, launching more products to provide users with a more inclusive and easier-to-operate trading environment. In terms of community interaction, CoinW also plans to enhance interaction with global users by hosting more regional events, and launch more localized events and services based on the needs of different regions.
According to past experience, every bull market is likely to see a major reshuffle of exchanges. After seven years of development, CoinW is not only still on the table, but is also likely to subvert the cryptocurrency trading landscape through innovation in the future. Lets wait and see.
