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In recent years, the cryptocurrency market has been booming and its market value has continued to grow, attracting a large number of investors and traders. According to the transaction data of Binance, the largest centralized exchange (CEX), derivatives transactions account for about 15% of the entire trading market , while on decentralized exchanges (DEXs), derivatives transactions accounted for only 3%. This shows that the decentralized derivatives market has huge growth potential. The lack of low fees, deep liquidity, and high leverage trading platforms has been a limiting factor in the decentralized space.

At the same time, with the collapse of FTX and the anticipation of regulators’ regulation of centralized exchanges (such as Binance most recently) looming, traders are starting to realize the disadvantages of traditional centralized exchanges. The migration of trading activities from CeFi to DeFi has gradually become a trend.

UDEX: Multi-chain DEX that supports launchpad

UDEX is a decentralized spot and derivatives exchange that supports multiple chains. Its main functions include spot, contract trading, Launchpad, etc. UDEX supports zero-slippage transactions to ensure users’ convenient trading experience. The Launchpad function of UDEX provides opportunities for high-quality projects to display and raise funds. We strictly screen and select only potential and feasible projects to go online to ensure that investors can participate in high-quality projects. Through Launchpad, investors can obtain tokens of popular projects in advance and enjoy the value growth brought about by the success of the project.

The advantages of UDEX’s product function 

1. Spot and contract transactions with low rate

The platform supports spot transactions of multiple currency pairs on the ETH chain. The initial trading pairs include UA-USDT, ETH-USDT, etc. The spot transaction fee is lower than the market average, and the transaction fee is used to repurchase the platform currency UA.

2. Targets the customers who prefers high leverage

UDEX provides 150X high leverage options to meet the needs of users with strong risk tolerance and expand market share. Through contract trading, users can flexibly respond to market fluctuations, seize more investment opportunities and risk management.

3. Innovative liquidity LP provides

The liquidity provider deposits its assets in the liquidity pool, obtains the LP certificate of the liquidity transaction, enjoys being the counterparty of the trader, and shares the counterparty income provided by the liquidity with the platform. In addition to obtaining LP certificates when staking LP, users will also obtain treasury compensation certificates, which can be used to obtain treasury compensation guarantees.

4. Treasury Insurance Payment Mechanism

In terms of transaction innovation, UDEX introduced the treasury insurance mechanism as a system to provide users with insurance compensation to deal with potential risks and losses. This mechanism establishes a treasury insurance pool dedicated to compensating users for losses suffered during transactions.

Comparison of products of the same type

Platform	UDEX	dYdX	GMX	gTrade	Level	Kwenta
Fees	0.1%	0.26%	0.5%	0.2%	0.7%	1.3%
Leverage	150X	25X	50X	150X	50X	50X
2023 Q1Trading volume	/	$112.56B	$22.1B	$11.47B	$6.8B	$3.05B
2023 Q1Total Fees	/	$54.9M	$41.9M	$8.59M	$7.76M	$4M

Through powerful trading functions, pledge mechanism and treasury insurance mechanism, UDEX provides users with a comprehensive trading experience and risk management tools. Through high leverage and treasury insurance mechanism to quickly capture risk-appetizing and risk-sensitive users, UDEX stands out in DeFi and quickly gains market share. In the future, UDEX will continue to improve the performance and security of the trading system, and introduce more innovative functions and tools to meet the diverse trading needs of users.

On June 7, 2023, Crypto Expo Asia, one of the most influential cryptocurrency events in Asia, was held at the Marina Bay Sands Hotel in Singapore. As a diamond sponsor, CoinW provided the highest level of support to the conference. CoinW also shared its vision on how to shorten the trading and learning curve for new users during the keynote forum on the same day.

Crypto Expo Asia is one of the most significant events for the global cryptocurrency ecosystem in Asia. During this forum, key opinion leaders, scholars, and institutions discussed topics such as asset tokenization, the institutionalization of blockchain staking, and the next bull market through keynote speeches and discussions. This is the second collaboration between CoinW and Crypto Expo Asia.

Carmen Tan, CoinW’s Global Strategic Manager, delivered a keynote speech titled “The Power of Collective Wisdom: Copy-Trading and Social Trading Communities.” She discussed the evolution of copy trading, the power of collective wisdom, the advantages of social trading communities, and future development trends.

CoinW believes that copy trading and social trading can effectively shorten the learning curve for new users and bring new opportunities to the industry. Since the launch of its copy trading in August 2022, CoinW has continuously partnered with outstanding traders while maintaining stable returns. Copy traders include traditional financial industry analysts as well as the most experienced cryptocurrency investors. In terms of investment types, CoinW continuously improves the metrics of copy trading products, enabling new users to choose traders based on their own investment preferences.

Notably, CoinW is currently recruiting outstanding traders from around the world, including community leaders, financial analysts, and cryptocurrency traders. The platform has also prepared rich benefits as an incentive strategy for the best-performed traders.

Except for the keynote forum, the exhibition of this expo featured more than 100 top cryptocurrency exchanges from over 30 countries. They showcased their products and services to thousands of traders and investors. CoinW’s booth was themed around technology and intelligence.

CoinW has been awarded the Best Exchange Technology Award at the Crypto Expo Asia 2023, and this award represents the global recognition of CoinW’s technical expertise and system stability by professional institutions.

Sonia, CoinW’s Global Business Director, stated that the 2023 Asian Crypto Expo is the largest event in the Asian region, where investors and cryptocurrency industry leaders can establish connections and explore more business opportunities. CoinW’s presence in Asia is gradually expanding, with local trading service centers established in countries such as South Korea, India, Vietnam, Japan, Singapore, Malaysia, Philippines and China (including Hong Kong and Taiwan).

CoinW also holds a MAS license in Singapore, enabling it to operate under the regulatory framework in the country. In addition to complying with regulatory requirements, CoinW also focuses on technological innovation and elaborately builds product mix. In early June, the futures matching system completed a brand-new upgrade, marking a milestone for CoinW’s futures matching system to reach a leading level worldwide.

In recent years, CoinW, as a leading global cryptocurrency exchange, has frequently appeared at top cryptocurrency events, aiming to actively expand its global market and accelerate its globalization process.

With the rapid development of artificial intelligence technology, the AI industry is becoming a key area of global innovation and economic growth. However, there are also a series of challenges and pain points that follow, such as data security, computing power bottlenecks, and model interpretability. In this era full of opportunities and challenges, the emergence of the TuringAI project has brought new solutions to the AI industry, leading the future development of artificial intelligence technology.

TuringAI was founded by TuringAI Labs in California, USA in June 2022. Its operating entity, TuringAI Labs, was founded by the UAE ADIO (Abu Dhabi Investment Office,) in March 2022. The founding team members are from OpenAI. The purpose of TuringAI Labs is to promote the development of global artificial intelligence technology and ensure that this technology can bring the greatest benefits in the future, rather than potential dangers. In addition, TuringAI Labs is also committed to promoting values such as open source code, transparency and fairness to ensure the sustainable development and social responsibility of artificial intelligence technology.

Today, the prospect of the AI industry is full of expectations. From intelligent transportation to medical diagnosis, from financial risk control to intelligent city management, artificial intelligence is gradually penetrating into various fields, bringing huge innovation and commercial value. However, the AI industry is also facing challenges such as data privacy and security, computing power bottlenecks, and model interpretability. These problems not only require efficient solutions, but also ensure data security and privacy, increase computing power to cope with growing computing demands, and provide interpretable models to enhance people’s trust in AI decision-making.

It is against this background that the Turing AI project demonstrates its unique advantages. First of all, with the upgraded version of the CLIP deep learning model algorithm, Turing AI can process large-scale data sets and achieve highly accurate data analysis and pattern recognition. Whether it is image recognition, speech recognition or natural language processing, Turing AI’s algorithms perform well in various fields.

Second, the Turing AI project has powerful computing capabilities. Through the combination with blockchain technology, Turing AI can take advantage of distributed computing and decentralized architecture, give full play to the advantages of global computing resources, break through the bottleneck of traditional computing capabilities, and provide strong support for the AI industry.

Most importantly, the Turing AI project focuses on solving the explainability problem of AI models. In AI decision-making, the interpretability of the model is the key to ensuring fairness, transparency and trustworthiness. The Turing AI project is committed to the research and development of interpretable AI models, enabling users to understand the basis for AI decision-making and enhancing trust in AI technology.

To sum up, the Turing AI project, as a leading artificial intelligence technology solution, provides comprehensive support for the AI industry to meet challenges with its advanced algorithms, powerful computing power and interpretable models. In the future, Turing AI will continue to innovate, promote the development of artificial intelligence technology, and lay a solid foundation for building an intelligent, safe and trustworthy future.

The Layer3 Ethereum cross-chain expansion solution was officially launched at 2:00 UTC on May 15th. Layer3 was jointly initiated by the chief scientist, cryptographer Ed Fairman and the academic research project team of Princeton University. It is committed to improving the throughput and scalability of the Ethereum network, and extending the application of DeFi, NFT, and the ETH expansion ecology of the Metaverse.
The contract operation mode of Layer3 is exactly the same as that of Ethereum. Anyone can start a brand new Layer3, enjoy faster and lower cost Ethereum services, and bring users a smooth transaction experience. It is reported that Layer3 has just completed the Istanbul upgrade and was invited to attend the community Ethereum development conference. The launch of the Layer3 Ethereum cross-chain expansion solution marks an important step in the expansion of the Ethereum network.

With the rapid development of digital asset trading, more and more exchanges begin to use intelligent AI trading systems to provide users with more efficient and intelligent trading services. ZionexWeb3 AI Trading social aggregation platform is one of the leaders. It uses advanced AI technology and professional trading team to build a global leading platform for digital asset trading.

Zionex (hereinafter referred to as: Zion) is one of the South Korean well-known private equity KTB investment, Singapore too fund, Zionex block chain laboratory with the original Coinbase exchange co-founder Mr Fred Ehrsam is committed to development and operation, OpenAI chief technology officer Mira Murati as technical consultant, through the original aggregation function development, combined with AI artificial intelligence, quantitative trading system developed the world’s first Web3 AI trading social aggregation platform.

Zion uses blockchain 3.0 new infrastructure and multi-cluster system architecture, which greatly improves the performance, security, stability and scalability of the system. And through research and development of financial model and automated process, anchor dozens of global exchanges, combined with the latest OTC management, fast rob single trading for institutions, users and community to provide more open, free, efficient, intelligent and safe communication and trading environment, let institutions, users and community get more secure, convenient high yield, at the same time to meet the needs of digital currency crowd diversified tools.

In terms of cutting-edge technologies, Zionex uses an intelligent AI trading system, which uses advanced algorithm model and big data analysis to instantly monitor market dynamics and market changes, so as to quickly identify market opportunities and make trading decisions in the shortest time. At the same time, the system can also automatically perform trading operations, so as to reduce the interference and error of human factors, to ensure the accuracy and efficiency of the transaction.From the user’s perspective, Zionex also focuses on user experience and security. Zionex With a professional customer service team and security management team, we provide users with all-weather service and technical support, and adopt multiple security protection measures to ensure the security and privacy of users’ digital assets, and provide flexible and diversified trading modes and preferential policies to meet the needs and expectations of different users.

As a new rising star, Zionex will continue to launch new digital asset products and services to meet users’ needs for diversified and high-quality trading experience, and continue to develop new digital asset areas such as universe. At the same time, Zionex also actively promotes the internationalization strategy, expands the global market, and provides users with a broader digital asset trading platform.

The world’s first Metaverse cryptocurrency bank, Pay Box, was officially launched on May 9. PayBox digital bank technology members are all composed of South Korea’s Toss Financial Technology Company and South Korea’s KB Quantitative Fund. They have 6 years of blockchain financial underlying technology, and are supported by Wall Street technical teams and Blackstone Investment Corporation. They will form a cross-platform digital bank in major countries around the world. Integrated payment channels, digital bank cards with independent IDs, decentralized quantitative systems, and global foreign exchange systems. In the independent public chain system, Pay Box will support the exchange of legal currencies and mainstream digital assets in many countries around the world through decentralized wallets as the main body and social integration.
Pay Box is an independent third-party mobile payment application platform provider for banks in Sweden, serving many established banking and financial institutions in Europe and the United States for a long time. Recently, Pay Box has teamed up with South Korea’s top senior blockchain technology team to use blockchain cross-chain technology to create a system that serves global digital banking services and realize comprehensive, efficient and convenient transfer and exchange of global legal tender and encrypted assets.

The world’s first Metaverse cryptocurrency bank, Pay Box, plans to launch in the near future. PayBox digital bank technology members are all composed of South Korea’s Toss Financial Technology Company and South Korea’s KB Quantitative Fund. They have 6 years of blockchain financial underlying technology, and are supported by Wall Street technical teams and Blackstone Investment Corporation. They will form a cross-platform digital bank in major countries around the world. Integrated payment channels, digital bank cards with independent IDs, decentralized quantitative systems, and global foreign exchange systems. In the independent public chain system, Pay Box will support the exchange of legal currencies and mainstream digital assets in many countries around the world through decentralized wallets as the main body and social integration.
Pay Box is an independent third-party mobile payment application platform provider for banks in Sweden, serving many established banking and financial institutions in Europe and the United States for a long time. Recently, Pay Box has teamed up with South Korea’s top senior blockchain technology team to use blockchain cross-chain technology to create a system that serves global digital banking services and realize comprehensive, efficient and convenient transfer and exchange of global legal tender and encrypted assets.

Pay Box is an independent third-party mobile payment application platform provider for banks in Sweden, serving many established banking and financial institutions in Europe and the United States for a long time. European banks served by Pay Box include BNP Paribas, Deutsche Bank, Barclays, JP Morgan, Santander, Lloyds, Wells Fargo, UBS, ING , UniCredit Bank of Italy, most of the banks and financial institutions served are the top 100 banks in the world, with total assets exceeding 10 trillion US dollars.
In the near future, Pay Box will launch the world’s first encrypted currency banking system using X86 distributed architecture, led by professional financial expert Professor Lee Wook-jae, and opened by South Korea’s top senior blockchain technology team. Pay Box will form a cross-platform integrated payment channel in the digital banks of major countries around the world, with digital bank cards with independent IDs, decentralized quantitative systems, and global foreign exchange systems. In the independent public chain system, Pay Box uses the decentralized wallet as the main body and social integration to create the first metaverse cryptocurrency bank in the blockchain.