CEX.IO Monthly Digest (March) — Educational Edition

Cointelegraph

As an all-inclusive ecosystem of products and services, our leadership continuously stays in touch with our community, and offers both transparency and expert insight into all things crypto. In that spirit, our Founder and CEO, Oleksandr Lutskevych, joined the Cointelegraph Innovation Circle on March 14 to discuss social media habits industry leaders should strive to avoid.

Web Mind

In the same spirit of ensuring our users have the latest, up-to-date industry information, our Head of Communications, Becky Sarwate, followed our CEO’s lead in an interview with Web Mind on March 15. She provided expert insight into the plethora of factors behind recent turbulence in the U.S. banking system.

HackerNoon

Arina Dudko, Director and Head of Corporate Payment Solutions at CEX.IO, had a piece published on HackerNoon on March 30. In line with our company’s ongoing mission of educating and guiding both the crypto curious and the crypto serious, Dudko’s op-ed outlined the EU’s upcoming vote on Markets in Crypto Assets (MiCA).

Explore deep liquidity with Exchange Plus

Our ultimate trading platform, Exchange Plus, represents a massive advancement in crypto trading. Our institutional arm, CEX.IO Prime, provides deep liquidity for the platform, which simultaneously features enhanced functionality. 

Traders can access a deeper pool of bids and asks across a range of available markets. We built Exchange Plus to fill the remaining gaps in a DeFi trader’s toolkit, by drawing from a decade of innovation and leadership in the crypto space.

Experiment with different trading strategies as a verified CEX.IO user. Create up to five (5) sub-accounts, and find the best fit for your unique risk appetite. Joining our new platform also enables increased precision and flexibility around trade execution, courtesy of novelty order types like Immediate or Cancel, Good till Date, Good till Cancel, and more.

The best part is that users can monitor price movements and react without leaving the terminal, thanks to integrated TradingView price charting (which really puts the “plus” in the platform’s name). 

Exchange Plus benefits in more detail

Max Slippage feature

Max Slippage empowers traders to better protect their positions from sharp price fluctuations. They can do so by setting the parameters of this threshold according to their own unique risk appetites (where slippage refers to the difference between the expected and actual price at which a trade is executed).

Stop Limit orders

A Stop Limit order is a combination of two order types: Stop and Limit. You can think of a stop order as saying, “when the price reaches X level, I want to buy/sell an asset.” Conversely, a limit order is a trader’s request to buy/sell crypto at a certain price (or better). Therefore, using a Stop Limit order requires entering two price points:

• Stop level — which specifies a target to trigger the potential trade, and
• Limit level — which defines a target to execute the order.

NOTE: A Stop Limit order differs from a Stop Loss order. While the latter turns into a market order once the price reaches a stop level, the market rate could be far away from the desired one despite it ensuring order execution. 

On the other hand, a Stop Limit order provides greater precision, and, as such, ensures users have more control over the fulfillment of their trades. You can find a step-by-step guide on how to set up a Stop Limit order on Exchange Plus here.

Multiple sub-accounts

Simplicity is one of the cornerstones of the user experience at CEX.IO. While multiple sub-accounts may seem to go against this goal at first glance, there is a method behind the madness.

We strive to provide our users with improved risk management tools, enabling them to have more control over their trades. By opening up to five (5) sub-accounts on Exchange Plus, each trader may use each sub-account for a different purpose. 

Separating accounts empowers our platform’s users to better organize their finances while simultaneously diversifying risks. Examples include separating financial results, using multiple trading strategies, portfolio diversification, and other instances. 

For a detailed guide on how to use multiple-sub accounts on CEX.IO Exchange Plus, check out this educational guide.

Educational offerings 

Comprehensive U.S. crypto tax guide

Albert Einstein once said, “the hardest thing in the world to understand is income tax.” In the U.S., cryptocurrencies are classified as a form of property that is subject to capital gains and — you’ve guessed it — the tax that even Einstein couldn’t figure out. Luckily, we have. The taxable event occurs when a user disposes of, or earns, cryptocurrency (take that, Albert!). More in our educational piece at the link below.

ChatGPT in Web3 & Crypto: A Dream or Looming Reality?

While science fiction is brimming with examples of AI run amok, ChatGPT and its counterparts have thus far proved somewhat reliable in responding to our general queries. However, we remain curious as to what role these tools could play in the future development of the crypto ecosystem.

We set out to uncover the strengths, limitations, and potential applications such a tool could offer to a crypto trader’s toolkit by presenting a concise breakdown of the AI’s diagnostics.

ChatGPT vs. CEX.IO: Can You Guess Who’s Who? (Part 1)

As curious adopters of new technology, we were initially impressed with many of ChatGPT’s answers to our crypto questions. But this got us thinking, and we decided to dig deeper: How distinguishable, if at all, are answers to crypto queries when compared to those from human experts? As we’ve learned from the eventual pitfalls of social media, it would behoove us to clock the efficiency of ChatGPT before it’s firmly taken root.

In this series, we explored whether this much-hyped AI tool is an all-knowing crypto expert, or if it can just pass for one online. Our in-house authorities from the CEX.IO Research Team helped design a series of questions to determine the depth and accuracy of ChatGPT’s crypto knowledge. Then we asked you to guess: is the response human or machine?

ChatGPT vs. CEX.IO: Can You Guess Who’s Who? (Part 2)

To our surprise and delight, the responses we received proved overwhelmingly adept at recognizing warm-blooded crypto knowledge. It would seem that, at least for the time being, ChatGPT shall remain a few paces behind the expectations of our well-informed community.

How to Use ChatGPT Effectively

In case you missed it, OpenAI’s latest iteration, ChatGPT-4, has shown immense gains over the initial model, both in terms of its capabilities and capacity for critical thinking. The video accompanying its release positions this new class of AI as a possible solution to everything from streamlining math education, to maximizing human potential. 

If you’re curious about this brave new world of increased productivity and equitable calculus, we’re more than happy to provide a helping hand.

Disclaimer: Information provided by CEX.IO is not intended to be, nor should it be construed as financial, tax or legal advice. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting with, holding, or trading digital assets is suitable for you in light of the risk involved and your financial condition. You should take into consideration your level of experience and seek independent advice if necessary regarding your specific circumstances. CEX.IO is not engaged in the offer, sale, or trading of securities. Please refer to the Terms of Use for more details.