Deepcoin is a Singaporean centralized cryptocurrency exchange (CEX). Launched in 2018, it focuses on derivatives trading and DeFi investments. The Deepcoin crypto exchange also offers a spot market and direct cryptocurrency purchases.
The platform does not require customers to provide ID verification or complete KYC procedures. The Deepcoin spot and derivatives markets are unavailable in several countries and territories, including Cuba, Hong Kong, and the USA.
The platform supports crypto-crypto trading only. While fiat currencies cannot be traded, stablecoins like Tether (USDT) and the USD Coin (USDC). Across the markets, there are over 180 Deepcoin trading pairs listed.
Like many crypto exchanges, the platform hosts a native token, Deepcoin (DC). It’s a utility token that can be earned via the trading mining mechanism. According to the company, the token is ecological. The asset unlocking process is directly tied to the Deepcoin crypto price.
The derivatives market is the main product offered by the Deepcoin cryptocurrency exchange. Customers can choose between two types of derivatives contracts:
- USDT Perpetual
- Inverse Perpetual
Perpetual contract traders on the Deepcoin crypto exchange can access a broad range of tools, including K-Line quick trading, dual-price liquidation, and trailing stops. It enables to set up of as many as 50 take-profit / stop-loss positions, as well as up to 20 positions with split or merge leverage. The contracts can be traded with up to 125x leverage.
The Deepcoin spot market lists over 100 crypto assets. The market offers three order types – market, limit, and conditional. Available trading categories induce DeFi, GameFi, Metaverse, NFT, and platform tokens.
The Deepcoin exchange fees vary based on the selected market and the number of executed orders. Each new order incurs a separate trading fee. The platform uses the maker-taker model to calculate the rates. All values are denominated in USDT.
For inverse and USDT perpetual contract traders, the maker-taker fee is 0.04% and 0.06%, respectively. It is determined by multiplying the contract face value, the trading fee rate, and the filled price. The Deepcoin trade volume doesn’t impact the costs.
Depending on the selected asset, the minimum order amount in the spot market may vary. The spot trading fee is fixed at 0.1% for both makers and takers. The order fee is determined by the buy/sell Deepcoin volume, the fee rate, and, for buyers, the buy price.
The platform does not support Binance Smart Chain tokens that are based on the BEP-20 and BEP-2 standards. If a user tries to deposit such tokens, the assets will be permanently lost. Additionally, deposits from smart wallets that use TRC-20 smart contracts are not supported.
Users are not charged any Deepcoin crypto fees for depositing assets. Withdrawals are not enabled until the user makes a deposit to Deepcoin at least once. All withdrawal requests are manually audited, and the fees may vary.
About the Company
The Deepcoin crypto exchange was founded by Ego Huang in 2018 in China. Following China’s crypto regulations changes, the company is now based in Singapore and registered in Seychelles.
Ego Huang is the CEO of the Deepcoin cryptocurrency exchange. Before getting into the blockchain industry, Huang spent nearly a decade working in the IT sector as a product manager.