► CryptoCurrency Options: https://www.coinbureau.com/education/cryptocurrency-options/
► ByBit Review : https://www.coinbureau.com/review/bybit/
► Deribit Review: https://www.coinbureau.com/review/deribit/
► BitMEX Review: https://www.coinbureau.com/review/bitmex/
► Binance Review: https://www.coinbureau.com/review/binance/
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► Time Stamps ⏰
0:30 Exchange Overview
2:00 Logging in
2:22 Security
2:48 Insurance Fund
3:34 JEX Futures Leverage
4:16 Liquidation
4:55 Option Trading
5:50 Trading Fees
6:44 Deposits / Withdrawals
8:40 Conclusion
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► Overview 📝
Binance J.E.X is a crypto futures and options exchange that is owned & operated by the same people who run the Binance main exchange.
Binance acquired Jex in September of 2019 in order to expand its crypto derivatives offering.
Binance JEX also has its own token called JEX. This is used in the Binance JEX ecosystem in order to reduce trading fees. This was also airdropped to traders who held BNB.
The Binance JEX exchange uses some of the same security procedures as you have on the main Binance Exchange. They implement cold storage as well as hot wallets with offline keys.
They also offer an investor protection fund that is used in order to avoid the risk of socialised losses on the exchange.
Binance Jex offers leverage of up to 100x. So in other words, you only have to put down 1% of the margin.
For asset coverage, you have Bitcoin, Etheruem and EOS. All of these futures markets offer leverage of up to the maximum of 100x.
For option contract coverage, Binance JEX has Bitcoin, Ethereum, EOS, Litecoin, and BNB. These are option contracts with monthly experies.
You can also trade on the spot market. These include both Bitcoin and Tether trading pairs.
Binance JEX operates a maker-taker fee model however currently, these are both the same. It means that you will be charged the same fee irrespective of being a maker. Fees are currently between 0.10% and 0.20%.
You can reduce the trading fee by 50% if you keep the JEX token in your exchange wallet.
There are no fees for deposits / withdrawals apart from network fees. There is also no option for Fiat deposit / withdrawal and you will have to use Crypto only.
There are 4 trading platforms at Binance JEX. You have the two futures exchagnes (basic and advanced) as well as the options platform and the spot market platform.
These trading platforms look similar to the Binance versions although the option platform looks just like the spot market version. There are some unique quirks and features on the JEX trading platform that are not on the Binance futures platform.
Binance JEX also has a trading app that is available in both iOS and Android. They also have an API that can be used to code trading bots and algorithms.
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► Warning!! ⚡️
Always Do Your Own Research when trading cryptocurrencies. They are very risky and you should practice prudent risk management.
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► Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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