A cryptocurrency derivatives contract is one of the ways investors can benefit from the crypto market without owning the asset itself. With more than just one option, cryptocurrency derivatives enable traders to execute advanced trading strategies using leverage.
Akif Seyhan, regional growth lead at Deepcoin, shares invaluable insights into the Deepcoin exchange’s transformative journey within the cryptocurrency derivatives industry in an exclusive Coin Edition interview. Discussing Deepcoin’s pioneering initiatives, Akif sheds light on the introduction of groundbreaking tools such as Indicator Orders, Drawing Orders, and Continuous Orders.
Akif also delved into the exchange’s ethos of user collaboration through features like Copy Trading, fostering a vibrant ecosystem where traders learn from established strategies, further enhancing their trading acumen. Throughout the interview, Akif offered a glimpse into Deepcoin’s dedication to reshaping the crypto trading landscape through innovation, security, stability, and a user-centric approach.
1: Can you share the inspiration behind founding Deepcoin?
We, at Deepcoin, emerged as a pivotal player in the cryptocurrency derivatives realm, propelled by our visionary pursuit to revolutionize trading dynamics. Founded in 2018, Deepcoin swiftly ascended to become a paramount cryptocurrency derivatives exchange, distinguished by its commitment to user-centric innovation and a relentless drive for long-term value creation. Our CEO, Ego Huang, had a pivotal role in steering Deepcoin’s trajectory, as he stemmed from traversing a large internet organization and eventually co-founding a cryptocurrency hedge fund.
It was during his tenure within the hedge fund that he recognized a pervasive gap in the existing market landscape. While numerous exchanges were accessible at the time, a dearth of user-friendly, innovative platforms prevailed, spurring our CEO and our Deepcoin team to create an exchange that seamlessly merged user-friendliness with pioneering features. The focus wasn’t just on satisfying our own preferences but also on delivering an enriching trading experience that resonated with a global user base.
This user-centric approach empowers individuals and institutions alike to navigate the ever-evolving digital asset market confidently. Our CEO’s leadership continues to spearhead Deepcoin’s relentless pursuit of innovation, positioning the exchange as a vanguard redefining the crypto trading landscape while fostering exceptional user experiences.
2: How does Deepcoin differentiate itself from other crypto derivative trading platforms?
We stand as a beacon of innovation and user empowerment in the crypto derivatives landscape, setting ourselves apart through a multitude of pioneering features and an unwavering commitment to user-centricity. At the forefront of this commitment lies a suite of cutting-edge trading tools meticulously designed to elevate user experiences.
The recent launch of our Indicator Orders empowers users to execute market and limit orders, manage stop-loss, and take-profit orders directly on the chart interface, which fosters quick decision-making. Our newly created Continuous Orders streamline trading by automating buy/sell operations based on user-set conditions, enhancing efficiency within a dynamic trading ecosystem. Additionally, users can utilize our Drawing Orders tool to create precise market orders using hand-drawn elements, providing a strategic edge in leveraging price trends.
Deepcoin also fosters user collaboration through the Copy Trading feature, enabling users to replicate trades managed by experienced traders. This collaborative environment encourages knowledge-sharing, allowing users to observe strategies, learn from experts, and potentially improve their trading experience and profits.
Beyond these groundbreaking features, our unwavering focus on security acts as a cornerstone of its operations. The exchange’s backend R&D support team actively safeguards users’ assets with over 100 updates to the core platform, ensuring a robust and secure trading ecosystem. This relentless pursuit of security and innovation underlines Deepcoin’s dedication to providing not just a trading platform but a secure and efficient space for users to thrive and excel in the world of crypto derivatives trading.
3: Could you elaborate on Deepcoin’s approach to security and risk management, especially given the increasing concerns about cybersecurity in the crypto industry?
Our approach to security and risk management reflects a legacy rooted in expertise and an unwavering commitment to user trust and reliability. Our team is composed of senior financial experts with extensive experience from reputable institutions such as Temasek Holdings, Morgan Stanley, Citibank, and Goldman Sachs.
With a cumulative investment exceeding $50 million in proprietary aggregation trading systems and risk management infrastructure, we embody a meticulous approach to code development. Every line of code undergoes rigorous scrutiny and is meticulously crafted by a team dedicated to fortifying the platform’s robustness and resilience.
This commitment of ours translates into an exemplary track record of less than 10 minutes of cumulative downtime over the past four years, which is a testament to Deepcoin’s unwavering focus on maintaining a secure and uninterrupted trading environment for its users.
Deepcoin’s ethos embodies the combination of traditional financial institutions’ rigorous logic with cutting-edge technology because we want to ensure users of our comprehensive approach match transactions and screen high-quality assets.
The platform’s seamless fusion of financial acumen and technological innovation exemplifies a commitment beyond conventional security practices. It lays the groundwork for a fortified ecosystem that fosters trust, reliability, and confidence among users, which underlines our pledge to provide a secure and dependable platform for traders navigating the dynamic crypto landscape.
This steadfast commitment of ours to security positions Deepcoin as a pioneering innovator, setting a benchmark for reliability and resilience in the realm of crypto derivatives trading platforms.
4: What are Deepcoin’s upcoming plans and initiatives for the near future?
We try to be a pioneering force in the cryptocurrency exchange sphere. Due to our unyielding commitment to innovation and user satisfaction, we try to transcend our role as a premier exchange by consistently broadening its horizons and industry impact. This steadfast dedication of ours materializes not only in our exchange’s cutting-edge platform but also in our proactive engagement in prominent industry events worldwide. From Korean Blockchain Week to Token 2049 in Singapore, and most recently, the prestigious Future Blockchain Summit in Dubai, our active participation underscores its relentless pursuit of delivering innovative concepts and solutions to its user base.
These events serve as dynamic platforms where we not only showcase its revolutionary features but also actively collaborate and interact with the global crypto community, leveraging these opportunities to glean valuable insights and feedback. This engagement cycle is integral to our ethos, fostering an environment where the exchange not only presents our advancements but also gathers critical input to continually refine and augment its offerings, ensuring they align seamlessly with evolving user needs and industry trends.
Our strategic involvement in these prominent industry events serves as a testament to our commitment to fostering collaboration and driving positive change within the crypto and blockchain landscapes. Our exchange’s active presence demonstrates a multi-faceted approach aimed at not just providing a robust trading platform but also cultivating a vibrant and informed community.
By actively engaging with industry peers and enthusiasts, we seek to contribute meaningfully to the ongoing discourse surrounding the evolution of blockchain and cryptocurrency technologies. These participatory engagements reflect our unwavering resolve to deliver a secure, efficient, and forward-thinking trading ecosystem, thereby solidifying our position as a pioneering force at the vanguard of the crypto derivatives trading realm.
Moving forward, we remain resolute in our pursuit of redefining the crypto trading landscape, showcasing unparalleled innovation, and continually enhancing user experiences by actively participating in influential industry events and fostering collaborative initiatives.
5: How does Deepcoin plan to contribute to the broader adoption of crypto in the global market?
We place paramount importance on facilitating cryptocurrency adoption on a global scale by actively navigating regulatory landscapes and fostering compliance. Our exchange’s strategic approach involves meticulous attention to regulatory shifts, positioning itself as a proactive entity ready to adapt to changes while prioritizing user transactional needs.
Our efforts extend to acquiring significant financial regulatory licenses in prominent regions like Canada, the United States, and Dubai, exemplifying our commitment to complying with evolving regulatory frameworks. This adherence to compliance not only showcases our dedication to regulatory alignment but also underscores its resolve to ensure a secure and trusted trading environment for its users worldwide.
We also firmly believe in the transformative potential of cryptocurrency adoption in promoting financial inclusivity on a global scale. By leveraging blockchain technology, digital currencies offered by platforms like ours serve as catalysts for dismantling traditional barriers to financial access. This empowerment translates into an avenue where previously unbanked and underbanked populations gain unprecedented financial inclusion.
Our dedication to fostering widespread cryptocurrency adoption is underpinned by our extensive investment exceeding $50 million in product research and development. We continually introduce innovative derivatives trading tools, such as Indicator Delegation, Line Drawing Orders, and Continuous Orders, because we aim to provide users with an elevated and immersive trading experience.
Our strategic foresight in financial innovation underscores our commitment to spearheading the evolution of the cryptocurrency landscape. In the pursuit of expanding its global market reach, we undertake strategic international expansions and meticulously cover key regional markets, reinforcing our dedication to democratizing access to digital assets across diverse demographics.
Additionally, we also actively amplify our brand presence and community engagement through multifaceted channels such as official websites, social media platforms, and dedicated community forums. This concerted effort of ours aims to not only bolster our brand visibility but also foster deeper connections with our user base, ensuring transparency, accessibility, and responsiveness to users’ evolving needs.
By continually enhancing our brand dynamics and user engagement, we aim to be a guiding force in the widespread adoption of cryptocurrencies, catalyzing global financial inclusivity while offering a secure, efficient, and innovative platform for our users to participate confidently in the digital asset market.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
