What is Pionex?
Pionex is a cryptocurrency exchange that offers automated trading services through various trading bots. It allows users to trade a variety of cryptocurrencies and provides features like grid trading, which helps users take advantage of market fluctuations.
Who is the Founder?
Pionex was co-founded by a team including key figures like Yifan Zhang and other blockchain enthusiasts, though specific details about all founders are not widely publicized.
When Did It Start Operations?
Pionex began operations in 2019.
Where Is It Based?
Pionex is headquartered in Singapore.
In Which Countries Is It Banned?
Pionex operates in many regions but may face restrictions in certain areas, including:
- United States: Pionex has limited services for U.S. residents due to regulatory constraints.
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may have regulations that limit access to Pionex’s services.
What Is the Trading Fee?
Pionex’s trading fees typically range from 0.05% to 0.1%, depending on the specific trading pairs and services used.
Is Margin Trading Available?
Yes, Pionex offers margin trading, allowing users to trade with leverage. This feature enables traders to increase their positions by borrowing funds, which can amplify potential returns but also increases risks.
