Unicoin Digital Capital Exchange aims to connect with various market participants through a streamlined membership process with a standard fee structure. This aims to encourage broader engagement and participation from the prospective members in Cryptocurrencies trading. The membership of the exchange shall be open to all market participants and depending on their specific needs, we offer various categories of membership viz.
|Types of Membership||Membership Fees||Member's Deposit (Refundable)|
|Market Maker Member-Individual||US$ 3,000*||US$ 5,000|
|Market Maker Member-Institutional||US$ 5,000*||US$ 10,000|
|Broker Member-Individual||US$ 3,000*||-|
|Broker Member-Institutional||US$ 5,000*||-|
*subject to applicable tax
Market Maker is an Institution or Individual registered with the Exchange who quotes Bid and Ask prices for various crypto contracts simultaneously by which the market depth is created and the best prices are generated to execute the orders initiated by the clients. They also trade for profit making but their orders get executed and matched when their quotes are available for Best ASK/BID and if any client takes market order or any other market makers close their open positions or clients limit/stop orders reach to the level of Best ASK/BID price. However they also can close their open position any time during the trading session.
Market making benefits: Market Makers can benefit largely from competitive selection of quotes as well as proper risk management techniques. They can profit by doing Market Making for positions of other market makers and other market participants available in the market.
Spread Benefit: Market Makers are allowed to use given range of spread to quote the prices, which results in good spread benefit if orders are executed at their price and can settle any of their open position quite often and when required.
Competitive advantage: The more competitive prices MM quote more are the chances of getting their orders executed. They can deal with the huge number of trading crowd under Price-Time Priority principle.
No need of Marketing: MM can flow the quotes for all the traders without any concern to clearing house. Moreover, Clearing House along with the brokers will be responsible for the overall marketing and expanding client base.
Greater Liquidity: Frequent quotes, trades, executions and settlements provide greater liquidity in the market.
Transparency leading to greater credibility: Under this model, all quotes are flown to the market and cleared & settled by the market itself which leads to complete transparency in trade. Because of competitive nature of order matching mechanism, clients will be getting the actual or closest quotes to trade and moreover they can also view the entire market depth too.
Margin Release facilities: MMs will quote bid and ask prices simultaneously; in case of execution of both buy and sell quotes, the initial margin goes free for the particular quantity which allows MMs to increase their trade lots.
Risk Transfer among MMs: As there will be many market makers in the trade, one MM can even transfer his open positions to other MMs by closing its open positions for the risk mitigation. In the absence of any MM to take the transferred position, Clearing House will take the ultimate liability.
Broker is an institution or individual licensed by Exchange in accordance with criteria prescribed by the Exchange who have right to introduce Sub-Brokers and Clients. They act as a market facilitator to traders, providing advisory services, keeping their sub-brokers and clients updated and informed about any concerns regarding trading opportunities, handling grievances, thereby, ultimately bridging clients with Clearing House and Exchange.
Introduce Clients & Sub-brokers and income based on number of trades
Have support from the Exchange for promotions and business expansions
Expand its business arena by opening branches
Free trading console for their clients
Access client's trade information through web admin provided to the brokers
Online Client Registration system
24 hours support available
Availability of Manager Console to monitor the market and communicate with the clients and sub-brokers through online chat
Clients are the market participants from Digital Asset market who carryout actual trade and transact in the form of Buying & Selling or vice versa. They are involved in trading activities like speculating, hedging, arbitraging for risk mitigation from price volatility or profit-making from price volatility itself.