In order to build a comprehensive blockchain ecosystem, GROOVEX covers all aspects of trading and blockchain knowledge, including spot trading, copy trading, profit products, affiliate programs, academies, etc.
What is the GROOVEX fee schedule?
GROOVEX provides different VIP levels of trading fees, including VIP 0, VIP 1, VIP 2, VIP 3, VIP 4, VIP 5, and users of different VIP levels can enjoy higher fee discounts. VIP 0 level users have a spot trading fee of 0.10%, and futures trading fees of 0.06% (taker) and 0.02% (maker). VIP 5 level users have a spot trading fee of 0.0325% (taker) and 0.0100% (maker), and futures trading fees of 0.0350% (taker) and 0% (maker).
About GROOVEX leverage or margin trading
GROOVEX provides derivatives trading with up to 150x leverage, applicable to BTC/USD, ETH/USD and more perpetual contracts, and supports isolated margin and cross margin.
What is GROOVEX?
GROOVEX is a secure cryptocurrency centralized exchange (CEX) that provides the best perpetual contracts and futures trading services, offering more than 350 USDT-M perpetual contracts and 250 spot contracts. In addition to derivative trading products, BloFin now provides more premium services, including spot trading, copy trading, simulated trading income, API, etc.
GROOVEX is committed to prioritizing user fund security by partnering with Fireblocks to protect user assets and provide insurance coverage for potential crypto-related events. GROOVEX also enhances compliance and security with Chainalysis.
Who founded GROOVEX? History (Foundation and Early Days)
Matt founded BloFin in September 2019 and TokenInsight in March 2018. In 2013, Matt joined Sandhill Road, a well-known American VC company, and participated in the investment and management of top global companies such as Twitch and Unity. In 2020, he was named "Top 100 Influencers in Blockchain" by Cointelegraph. The establishment of BloFin Exchange aims to reshape the traditional CEX-user relationship and provide users with safe, reliable and efficient services and trading experience.
In January 2023, the most focused crypto futures trading platform with practical tools was launched.
In May 2023, the BloFin Exchange APP was launched on iOS and Android stores.
Services
GROOVEX provides a wide range of services for cryptocurrency traders, including: More than 350 trading pairs: GROOVEX supports a variety of popular cryptocurrencies such as BTC, ETH, XRP, etc., with a focus on USDT-M perpetual contracts. Derivatives Trading: GROOVEX offers derivatives trading with up to 150x leverage for BTC/USD, ETH/USD, and other perpetual contracts, supporting both isolated margin and cross margin. One-click copy trading: This feature allows users to easily follow and copy the trading strategies of experienced traders. GROOVEX Academy: A research institute that provides high-quality analysis and insights on the cryptocurrency market, with content featured on platforms such as Coindesk, Tradingview, and Deribit Insights.
Benefits of using GROOVEX
GROOVEX offers users several advantages, including: * Smooth trading experience, deep market liquidity, and user-friendly trading features suitable for beginners and professional users. * In-memory processing and Raft consensus algorithm system speed up execution and response time, ensuring that all transactions are processed promptly, and seamlessly handle large volumes even during peak trading periods. Maintain stability, guaranteeing reliable performance in turbulent market conditions. * Agile listing, with more than 350 futures trading pairs and 250 spot. * Advanced security measures: Integration with Chainalysis provides a strong crypto risk solution, enhanced protection and ensures regulatory compliance. * Hedging mode feature expands trading strategy options. * Accepts more than 50 fiat currencies * Offers regular trading fee discounts * Up to 150x leverage for enhanced trading potential.
GROOVEX's vision and mission is to build a secure and reliable cryptocurrency trading platform to enhance financial freedom on a global scale. Blofin firmly believes that broad access to financial resources can greatly improve the lives of individuals around the world, and is therefore committed to promoting inclusion in the financial sector by increasing the accessibility of digital assets to all individuals.
GROOVEX currently supports more than 350 USDT-M perpetual contract trading pairs. The platform supports the most popular cryptocurrencies, including BTC, ETH, XRP, SOL, TRX, DOGE, ADA, etc.
GROOVEX focuses on futures trading and stands out with deep market liquidity and agile listing speed. Users trading on GROOVEX can enjoy a large number of trading fee discount promotions to further enhance the trading experience and maximize potential returns.