Unveiling Cobidex: The World’s First Community-Owned Bitcoin Exchange

Future contracts have made quite a mark as viable hedging instruments within the investment space. As the name suggests, future contracts represent a deal between the buyer and the seller — which is executed in the future. Such contracts work to mitigate the risk of loss when holding a volatile asset.

It is not surprising then that the concept of future contracts has extended to the world of Bitcoin, more so because of its volatility. So, even if the prices of coins drop, investors can depend upon these contracts to reduce the impact of a loss in the future. This is why Bitcoin derivative exchanges like Cobidex are growing in popularity.

When it comes to cryptocurrency derivatives, trading takes place on exchanges that act as the clearing party. Although there are many popular cryptocurrency exchanges presently, all of them are centralized and private. This means that the big companies get to keep a substantial portion of the revenues generated from derivatives trading. Amidst all this, it’s the user that ultimately suffers.

Cobidex is aiming to disrupt that very notion by creating a community that caters specifically to its users. As an exclusive community-driven Bitcoin derivative exchange, Cobidex believes in giving back to its trading community in all sorts and forms. Sounds exciting enough? Well, allow us to delve deeper!

Trade With Cobidex To Make Money Like Never Before

Cobidex has been dubbed the world’s first bitcoin derivative exchange that is entirely owned by it’s exclusive community. However, when starting out, Cobidex will transition from a hybrid to a fully decentralized model. Cobidex aims to utilize its hybrid phase by ensuring:

• The platform has enough liquidity.
• The choice of trading instruments is substantial.
• Users enjoy a good trading experience with zero slippage.

Throughout this process, traders will continue to earn Cobidex’s governance token — COBI — through several unique initiatives. Once the transition is complete, the community will have full ownership of the exchange through this very governance token. And as long as traders are staking the COBI tokens, they will receive a share of the daily revenue that Cobidex generates. This share will be proportional to traders’ token holdings.

Cobidex’s Community-driven Platform Incentivizes Derivatives Traders

At Cobidex, new traders get the option to earn through several incentivised programs. Let’s quickly take a look at some of the many rewards that traders get on Cobidex:

• Earning Native Tokens Through Trading

Cobidex rewards its governance token to all its users just for trading on the platform. The reward will correspond 100% to the trading fee generated. Later, a trader can stake the COBI tokens received from trade mining to earn a daily yield from the entirety of Cobidex’s daily revenue.

• Grow the Community, Refer and Open a Source of Passive Income

As new traders, you will have the opportunity to expand the community and earn rewards for your efforts. You can encourage your peers to trade on Cobidex and participate in its growth.

Once they do that, you will start receiving 20% of their entire trading fees in perpetuity. Initially, you will earn this passive income in COBI. Once the token distribution is over, you can convert your earnings into the stable coin — USDT.

• Community Market Making

As a trader on Cobidex, you will get an amazing incentive through the unique Community Market Making program. Through CMM, all Cobi holders will benefit from a share of the exchange’s total generated revenue from market-making activity for that month. This exclusive reward will be paid out in USDT on a monthly basis. Now isn’t that great?

Summing It Up

Considering the various limitations of a centralized derivative exchange, Cobidex is here to empower its traders. In doing so, Cobidex is fully democratizing the crypto-derivative exchange scene by ensuring users enjoy maximum benefits out of derivatives trading.

Moreover, Cobidex is intent upon community-building and considers its traders as shareholders and partners on its mission to disrupt the crypto landscape. So, if you are interested in trading cryptocurrency derivatives, it’s time to leverage the potential of Cobidex. Become a part of the change, join us now!