BigONE is a centralized cryptocurrency exchange (CEX). Founded in 2017, it offers spot and derivatives markets, margin trading, and leveraged ETF contracts. BigONE crypto exchange customers can also access services like liquidity mining, lending, and staking.
BigONE requires users to comply with either basic or advanced KYC requirements. The service may be inaccessible in the USA and other countries. The BigONE spot and derivatives markets are available on desktop and mobile devices.
Markets
BigONE supports crypto-crypto trading only. While fiat currencies cannot be traded directly, stablecoins like Tether (USDT) are supported. Overall, there are more than 300 BigONE trading pairs and over 120 assets listed.
Like many cryptocurrency exchanges, it has a native asset, the BigONE Token (ONE). Users that hold the asset may be eligible for additional perks on the platform. You can learn more about the BigONE crypto price and market statistics here.
There are two types of market previews on the platform:
- Cryptocurrency markets
- Category markets
Cryptocurrency markets provide direct access to the spot trading pairs based on the 24-hour BigONE trade volume. Category markets are a tool for block trading. They provide ranking data based on market capitalization. Margin trading with up to 10x leverage, as well as exchange-traded funds (ETF) with up to 3x leverage, are also available.
Traders are able to set up manual trading strategies or use one of the automated tools. Grid trading offers recommended parameters based on the user’s trading history. Additionally, users can use copy trading to follow the strategies of the best-known traders on the BigONE cryptocurrency exchange.
Perpetual futures contracts are the main product in the derivatives market. They can be traded with up to 100x leverage. Traders can receive USDT rewards for transferring funds to their futures accounts or maintaining a cumulative 30-day BigONE volume of at least 100,000 USDT.
The BigONE exchange fees use a multi-tier structure and are based on the maker-taker model. There are five tiers in total:
- Bronze
- Silver
- Platinum
- Diamond
- Challenger
The tiers are based on Privilege Points held by the user. The points are determined by criteria like recent trading activity, BigONE trade volume in the spot, margin, and futures markets, ID verification level, and referrals. The futures maker-taker rate is 0.02% and 0.06%, respectively, and is fixed throughout all privilege tiers.
At the Bronze level, the fee rate is 0.2% for all spot traders. Starting at Silver, the BigONE crypto fees are reduced to 0.16% for makers and 0.18% for takers. Additionally, the margin trading interest rate is reduced by 40%.
At the Challenger tier, the spot trading maker-taker fees are down to 0.06% and 0.07%, respectively, while the BigONE crypto price for the margin trading interest can be reduced by 70%.
Users in tiers above Bronze can withdraw a higher Bitcoin (BTC) amount. Silver users can access up to 50 extra BTC, while at the Challenger level, the additional withdrawal quota is 200 BTC. BigONE crypto exchange offers other benefits for higher-tier users, including exclusive events and gifts.
Other Services
In addition to the markets, the BigONE cryptocurrency exchange offers other financial services. Customers can borrow Bitcoin, Ethereum (ETH), and USDT using loan contracts. You can select the duration of the loan and the preferred collateral asset. The lowest daily interest rate is 0.03%.
Liquidity mining is a service that allows users to participate in liquidity pools by injecting their assets. The minimum required BigONE crypto price for liquidity is 100 USDT. Users that become liquidity providers may be eligible for rewards from transaction fees.
BigONE Earn is a crypto-earning platform that offers yielding and savings contracts. Users can choose between stable and fixed contracts for their staking.
Developers can access the BigONE API toolkit. It provides information about the BigONE spot market and contracts, including order book data, positions, and up-to-date market performance.
About the Company
The BigONE crypto exchange was initially founded in China in 2017. However, following the introduction of crypto restrictions in China, the company had to relocate. It’s currently registered in Bleiswijk, The Netherlands. There is little official information about the founding team. The CEO of the company is Ian Tian.
