Introduction
This 2024 Zoomex review examines one of the fastest-growing cryptocurrency exchange platforms. We evaluate its strengths and weaknesses, explore its various features, and provide a balanced assessment based on overall customer value. Read on to determine if Zoomex is the right platform for your crypto trading needs.
Table of contents
Zoomex Overview
Zoomex, founded in 2021 and headquartered in Singapore, has swiftly established itself as a prominent cryptocurrency exchange known for its mastery of cutting-edge blockchain technology. The platform prides itself on offering secure, reliable, and transparent digital asset trading services to a global user base of millions.
Zoomex facilitates trading in a wide array of cryptocurrencies, including but not limited to Bitcoin, Ethereum, and Litecoin. This diverse selection allows users to engage with both well-established digital currencies and emerging tokens. To enhance accessibility, Zoomex supports multiple payment methods, such as bank transfers and credit cards, catering to the preferences of its diverse user demographic.
One of Zoomex’s distinguishing features is its commitment to delivering high-quality trading services at competitive rates, which has earned it a reputation among seasoned investors seeking robust trading solutions. The platform’s user-centric approach, coupled with its emphasis on security and innovation, continues to attract traders looking for a reliable partner in the evolving landscape of digital assets.
Zoomex also hosts the most events among exchanges, offering substantial rewards. Key events include the Zoomex World Trading Competition (ZWTC), coin market price matching, and staking opportunities.
Zoomex Exchange Details
| Website | https://www.zoomex.com/en/ |
| Number of registered users | 2 million |
| Number of supported tokens | 300+ in Futures trading |
| Number of supported trading pairs | 50+ in Spot trading |
| Leverage | 150x |
| Total Trading Interface Latency | <10ms |
| Available on mobile phone | Yes |
| Year founded | 2021 |
| HQ location | Singapore |
Platform Interface
The Zoomex exchange platform is easy on the eye with its green and white text on black background colors. The drop-down tabs help the user easily toggle between the options. The platform is not congested with advertisements, carousel posts, and banners, which overwhelm new users.
Supported Cryptocurrencies and Trading Pairs
Zoomex supports over 300+ cryptocurrencies in Futures and offers more than 50+ trading pairs in Spot, providing traders with diverse options from established coins like Bitcoin and Ethereum to emerging tokens and altcoins. This broad selection underscores Zoomex’s commitment to meeting the needs of cryptocurrency traders worldwide.
Furthermore, unlike some exchanges, Zoomex avoids conflicts of interest by not issuing its own tokens yet. This decision supports a transparent and impartial trading environment where users can trade cryptocurrencies freely without the exchange promoting its proprietary token. This approach fosters trust and reliability among traders, highlighting Zoomex’s commitment to ethical operations and prioritizing user interests.
Key Features & Functions
Market
The Zoomex markets page includes the “add to favorites” feature, which enables users to select specific cryptocurrencies of interest. By adding cryptocurrencies to their favorites list, users can easily monitor price fluctuations and trends over time.
This feature enhances user convenience and provides a personalized trading experience, allowing traders to focus on their preferred assets without the need to sift through all available options.
The “Popular Trading Pairs” section on the Zoomex market page highlights the frequently traded pairs, including “SOLUSDT” and “PEPEUSDT,” which represent the trading pair for Solana (SOL) and Pepe (PEPE), respectively, against Tether (USDT). This indicates that SOL and PEPE are commonly traded with USDT on the platform.
Spot Trading
Zoomex’s spot trading allows users to buy and sell cryptocurrencies in real time. Traders can choose from a variety of digital assets listed on the platform. They can place market orders for immediate execution at the current market price or set limit orders to buy or sell at specific price points.
Zoomex provides advanced charting tools and real-time market data to assist traders in making informed decisions. The platform ensures security through robust measures and offers high liquidity, enhancing users’ trading experiences.
Contract Trading
Contract trading involves buying and selling contracts that derive their value from an underlying asset, such as a cryptocurrency, commodity, or stock. Instead of owning the actual asset, traders speculate on its future price movements.
Zoomex offers two types of perpetual contracts for trading: inverse perpetual and USDT-perpetual. Both types of contracts allow traders to hold positions indefinitely without expiration dates. Here’s a closer look at each:
- There is inverse perpetual trading, and these pairs utilize the underlying cryptocurrency as collateral for trading, where the coin itself acts as the margin. Common examples include BTC/USD, ETH/USD, and EOS/USD. These assets are perpetual contracts, meaning they have no expiration dates and do not require contract rollovers once acquired.
- The other contract is USDT-perpetual trading, which uses USDT (Tether) as the margin. All pairs in this category, such as BTCUSDT, ETHUSDT, or MANAUSDT, are tied to the stablecoin USDT. Like inverse perpetual pairs, these contracts are perpetual and do not have expiration dates.
Contract trading on Zoomex offers flexibility and diversity through inverse perpetual and USDT-perpetual contracts, allowing traders to leverage different types of collateral and engage in continuous trading without the need for contract rollovers.
Zoomex offers 150x leverage on its futures trading service, applying to both USDT perpetual and inverse perpetual contracts, although this varies by asset. This high leverage allows traders to significantly amplify their positions compared to their initial investment, potentially increasing both profits and risks.
By providing such leverage, Zoomex enables traders to maximize their market exposure and take advantage of small price movements.
Copy Trading
Zoomex has a copy trading feature that allows anyone to replicate the investment strategies of top investors with a single click. This feature is designed to make profitable trading accessible to beginners and professionals alike.
Zoomex copy trading offers robust support for all USDT futures trading pairs, enabling trading across various pairs based on their spread and preferences. With trader leverage of up to 30x, the platform caters to the diverse needs of professional traders. Additionally, it provides a generous copy trading maximum limit of $50,000, allowing traders to operate without restrictions.
This approach enhances learning and builds a supportive network of traders benefiting from each other’s expertise. It fosters a global community where investors can interact and grow together through shared trading strategies.
