Hotcoin Global is a centralized cryptocurrency exchange (CEX). Based in Australia, it offers spot and derivatives markets and direct cryptocurrency purchases. Additionally, Hotcoin Global crypto exchange users can access investment and lending programs, as well as an NFT marketplace.
The platform is KYC-compliant and holds dual company licenses from AUSTRAC, permitting Hotcoin to handle digital currency trading and act as a foreign currency exchange. The Hotcoin Global spot and derivatives services are available in over 90 countries. Restrictions to Japan- and US-based users apply.
Markets
Hotcoin Global facilitates crypto-crypto trading. While fiat currencies are not listed, stablecoins like Tether (USDT) and USD Coin (USDC) are available, and prices are denominated in USD for customers’ convenience. Overall, there are over 350 Hotcoin Global trading pairs available and more than 300 digital assets available.
Digital assets can be purchased directly on the platform’s C2C marketplace. Customers can post their offers and available asset amounts. The Hotcoin Global crypto price can be converted to one of more than 40 supported fiat currencies. Direct credit card purchases are also available.
The Hotcoin Global spot exchange offers two markets based on the trader type – Basic and Professional Spot. Basic Spot is optimized for individual traders and is beginner-friendly, while Professional Spot is a platform for institutional traders. Margin trading with up to 10x leverage is available.
The Hotcoin derivatives markets offer two perpetual futures contracts:
- USDT-margined
- Coin-margined
Exchange-traded fund (ETF) products are also available for Hotcoin clients. Users that wish to participate in trading with reduced risks can access Futures Mock Trading, a simulation service.
The transaction fee is fixed at 0.2%, regardless of the maker/taker position or the Hotcoin Global trade volume. There is no money charge fee. All fee rates may be subject to change at the company’s discretion.
Hotcoin Global crypto fees on withdrawals are dynamic and depend on market conditions. There is a minimum withdrawal amount set for each asset. The required amount may vary depending on the currency.
There is no standardization on stablecoin withdrawals. For example, Binance-based USDC requires a minimum withdrawal of 10 USDC, while the minimum Hotcoin Global crypto price for the ERC-20-based stablecoin is 50 USDC.
Other Services
Alongside the HotcoinGlobal spot and derivatives markets, users can access other financial services.
Hotcoin Earn is a deposit-and-earn program. Users can choose between a flexible or fixed contract. The locking duration for fixed contracts is 30 or 90 days. At the time of writing, Hotcoin Earn supports two currencies – USDT and Filecoin (FIL). The earnings may fluctuate based on market conditions.
Hotcoin Loan is an instant lending service. Users can take out USDT loans using several assets, including BTC and ETH, as collateral. The default loan terms are 7, 14, 30, 90, or 180 days. The daily interest Hotcoin Global exchange fees start at 0.1%.
Hotcoin Global also hosts an NFT marketplace. Here, users can mint, trade, and store non-fungible tokens. Additionally, the NFT platform offers initial game offerings (IGOs) where blockchain game developers can raise funds for their projects.
Blockchain developers can access the Hotcoin Global API tools. Using the files, users can access live Hotcoin Global crypto price and market capitalization data, user balance information, as well as order and transaction details.
About the Company
The Hotcoin Global crypto exchange was founded in 2017 in Australia. There is no available information regarding the company’s founding team. Hotcoin Global headquarters are registered in Sydney, Australia.
According to data from 2022, Hotcoin has amassed over 3 million registered users and oversees 120,000 daily users on average. Between 2021 and 2022, the user base grew by more than 200%. The average daily Hotcoin Global volume is around $4 billion.
In April 2022, the company announced the opening of its EMEA office in Dubai. This marked the fourth regional division for the Hotcoin Global cryptocurrency exchange, as it also has offices in Singapore and North America.
