We’re extremely excited to continue a plethora of positive announcements in 2024! The latest good news is that CEX.IO has launched Spot Trading for U.S. users, with 20 pairs to help you begin or renew your crypto journey:
More pairs are in the works and will be available soon! In the meantime, we have a few more exciting updates to share.
We believe in staying sharp, always on the lookout for solid crypto information, developments, and potential opportunities. At a time when other crypto exchanges and companies are struggling to keep pace, we’re charging ahead of the pack.
Case in point, our platform was recently approved for a Money Transmitter License in the U.S. District of Columbia, joining CEX.IO’s 30+ accreditations across the United States.&
Our U.S.-based users have always been able to buy and sell crypto through a variety of convenient means. But now, trading on our Spot Trading platform is also available in the region!&
Follow along as we delve deeper into how our trading platform caters to varying risk appetites among U.S.-based crypto enthusiasts, empowering all users to pursue emerging opportunities.&
What makes CEX.IO Spot Trading different?
CEX.IO Spot Trading features a variety of tools designed to empower beginners as well as established traders. However, providing our customers with deeper liquidity was the foundational purpose of this platform.&
So what is this deep liquidity, and how does it work? Let’s look at a straightforward example.
Imagine you want to buy milk. Typically, you might choose to visit the nearest supermarket. The upside? The store may be close to your home. The potential downside? The price may not be the most affordable, or the store could be out of milk altogether (a lack of liquidity).&
Now, imagine a slightly different scenario: you visit your nearest supermarket, and instead of being able to buy only the milk on the shelves, the store also offers access to other supermarkets’ inventories — in one place. This hypothetical scenario has three distinct advantages:
- A greater selection of milk
- Potentially better prices
- One-stop shop availability
If you observe the example above and swap the word “milk” with “crypto,” you’ll arrive at an understanding of how our CEX.IO Spot Trading platform achieves deep liquidity. Turns out it’s not a hypothetical scenario at all!
The technical side of CEX.IO Spot Trading
Our trading platform uses the CEX.IO trading engine, and CEX.IO Prime as its liquidity provider.&
On the one hand, the CEX.IO trading engine engages market makers to provide unique liquidity. Market makers place their orders directly via the market making API, with resting limit orders from Spot Trading.
Access to this trading engine is available to all Spot Trading users via our revamped mobile application, a web terminal interface, and API. Therefore, anyone can be a market maker on CEX.IO. For example, if you use our Spot Trading platform to place a limit/stop limit order (which is not executed immediately), you’re helping to increase the liquidity of the CEX.IO trading engine.
On the other hand — and, complementary to the CEX.IO trading engine — CEX.IO Prime uses the most liquid sources outside the CEX.IO ecosystem to aggregate liquidity. Examples of these sources include liquidity pools, decentralized exchanges, other centralized exchanges, etc.&
Consequently, the CEX.IO Spot Trading terminal displays a potent mix of liquidity provided to our users — internally and externally.
We’ll offer more in-depth guides on how to trade on our platform, specific to& U.S.-based users, soon. In the meantime, keep reading to learn how to make your CEX.IO ecosystem experience even more seamless, by streamlining your payment methods.&
New to CEX.IO? Here’s how to pair a debit card
To create a CEX.IO account, U.S.-based users should have their Social Security Number and a government-issued ID ready. You can complete this process effortlessly via a web browser. Once the verification process is complete, you’ll unlock the ability to pair a credit or debit card with your account. Here’s how to do that.
Pair a card via web browser
Here are the necessary steps to pair a credit/debit card with your CEX.IO account using a web browser:
- Visit CEX.IO and Login to your account
- Click on Wallet, in the Products tab
- Go to Add Funds in the upper right hand corner of the screen
- Navigate to, and click on, Select Payment Method
- Select Debit Card at the bottom of the pop-up
- Enter your card information, and click on Add Card.
Note that you can also enable/pair additional payment methods, such as PayPal, Google Pay, and Apple Pay. The process is almost identical to the steps outlined above, and is generally intuitive and straightforward.&
Pair a card via the CEX.IO App
Here’s how to pair a preferred card from the CEX.IO App:
- Tap the Profile icon in lower right corner of the app home screen
- In the menu, tap on Card Manager
- Choose your preferred card currency, and click on Add Card at the bottom of the screen
- Fill out the card details, then click Proceed
- Enter your card information and complete the process
We hope you’ve enjoyed this burst of good news, and exciting improvements to your crypto experience. We have a lot more to come!
In the meantime, may the markets trend in your favor.
The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.&
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