Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list SEI and support its deposit on Aug 16, 2023 (UTC). And its trading pair SEI/USDT will be available on the same day.
1. Deposit: 07:00 Aug 16, 2023 (UTC)
2. Withdrawal: 07:00 Aug 16, 2023 (UTC)
3. Trading pair: SEI/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-07:50 Aug 16, 2023 (UTC)
Orders can be placed and canceled
07:50-08:00 Aug 16, 2023 (UTC)
Orders can be placed but cannot be canceled
08:00 Aug 16, 2023 (UTC)
Sei Network is a Layer 1 POS blockchain, built using the Cosmos SDK and Tendermint Core, own a built-in central limit order book (CLOB, Central Limit Orderbook) module.
The features of Sei Network are as follows.
(1) Twin-Turbo Consensus, fast speed & Transaction Finality & high TPS.
(2) Anti-frontrunning, Sei uses the FBA (Frequent Batch Auctions) mechanism to prevent the occurrence of MEV (Maximal Extractable Value).
(3) Parallel transactions, which can process orders in the same market in sequence, and simultaneously process orders from different markets.
(4) Own a native order matching engine to ensure security and decentralization, while having the speed and efficiency of off-chain order books:
- The order book model is reliable, fast and capital-efficient in terms of transactions, and it takes another route or returns to the heart;
- All trades happening on Sei will be aggregated by market into the same order book, pooling liquidity is important as it reduces the time use for new projects to launch, as they don't require market makers to commit to providing liquidity for a specific market, any application can leverage Sei's built-in order matching engine to instantly initiate and customize order book trades for spot, derivatives, options, sports betting, and more.
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
Aug 16, 2023