Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ENA (Ethena) on Apr 2, 2024. The details are as follows.
List Time
1. Deposit: 08:00 on Apr 2 (UTC)
2. Withdrawal: 08:00 on Apr 2 (UTC)
3. Trading pair: ENA/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-08:20 Apr 2 (UTC)
Orders can be placed and canceled
08:20-08:30 Apr 2 (UTC)
Orders can be placed but cannot be canceled
b. Trading
08:30 Apr 2 (UTC)
About ENA
Ethena is a synthetic dollar protocol on Ethereum that offers a crypto-native solution for money independent of traditional banking systems. It introduces USDe, a stable and scalable currency backed by staked Ethereum collateral. The protocol ensures stability through delta hedging derivatives positions against held collateral. Additionally, Ethena provides an 'Internet Bond' that combines yield from staked Ethereum with funding from perpetual and futures markets to create an onchain dollar-denominated savings instrument for users in permitted jurisdictions.
About Automated Market Making (AMM)
AMM is supported for the ENA/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Apr 2, 2024
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