Pionex is a powerful cryptocurrency trading platform utilizing automated trading bots. This article explores its key features and offered capabilities.
Key Aspects of Pionex
While Pionex positions itself as a cryptocurrency exchange, it predominantly operates as a broker, aggregating liquidity from Binance and Huobi Global. The platform is backed by funding from Gaorong Capital, Shunwei Capital, and ZhenFund.
Security and Regulation
The team behind Pionex is the BitUniverse team. Thanks to their scale and reach, Pionex has secured regulation in Singapore and the U.S., ensuring traders' peace of mind. In April 2020, Pionex obtained the U.S. MSB license from FinCEN.
Asset Availability and Trading Bots
Pionex supports 353 cryptocurrencies and offers over 480 trading pairs. The platform is renowned for its automated trading bots, such as Grid, Reverse Grid, and DCA. All bots are free to use when configured correctly, making them ideal for beginners.
Pionex provides extensive options for automated cryptocurrency trading with low fees and a wide range of trading pairs. Free access to all bots and significant liquidity make it appealing, though configuration skills are necessary to achieve expected results.
