What Is Deepcoin?

Deepcoin is a Singapore-based centralized exchange (CEX) offering spot trading, derivatives, wealth management, DeFi investment, and other comprehensive financial services. Deepcoin claims to have obtained three major authoritative regulatory licenses, including the United States NFA, the United States MSB, and the Canadian MSB.

The crypto derivatives trading platform is primarily aimed at the Asian market. It offers a handful of innovative products like Super Saving, Lucky Money, and Options FX.

Who Are the Founders of Deepcoin?

The exchange platform was founded by Eagle Huang. The CEO had over ten years of digital experience and was the head of a wealth management company with more than $7bn of assets under management.

When Did Deepcoin Launch?

Deepcoin was launched in 2018.

Where Is Deepcoin Located?

There are varying reports on the location of Deepcoin. Although the exchange launched in Singapore, its LinkedIn page states that it is headquartered in Denver, Colorado. Meanwhile, an excerpt from its website said that it is headquartered in Singapore, with “branches in Japan, Canada, South Africa, and many other countries.”

Deepcoin Restricted Countries

According to the Deepcoin, residents of Hong Kong (China), Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, United States, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, or any other jurisdiction where the services offered by the exchange are restricted are not allowed to use the platform.

What Coins Are Supported on Deepcoin?

The platform has 216 active pairs, including the most popular trading ones like BTC/USDT, ETH/USDT, XRP/USDT, ETH/USD, and LTC/USDT. It also supports fiat currencies like USD, EUR, and GBP.

What licenses does Deepcoin hold?

• DEEPCOIN US LIMITED, United States of America, United States-Financial Crimes Enforcement Network (FinCEN), Licence number 31000246760600
• DEEPCOIN LIMITED, Canada, Canada-Financial Transactions and Reports Analysis Centre(FINTRAC), Licence number 1209596-3
• DEEPCOIN LABS DMCC, United Arab Emirates, United Arab Emirates DMCC Freezone-Proprietary Trading in Crypto-commodities Licence number DMCC-900097

How Much Are Deepcoin Fees?

Deepcoin offers a commission rate of 0.10% for both takers and makers in its Spot trading market. However, as of September 2022, all spot trading at Deepcoin Exchange was free.

Is It Possible To Use Leverage or Margin Trading on Deepcoin?

The crypto exchange supports margin trading, with a leverage of up to 125x.