In mid-November, the Matrixport contract was officially launched. As the No.1 player in the field of crypto asset management, can Matrixport still excel in the trading track? With the doubts of whether the Matrixport contract is a masterpiece of four years of hard work or a shoddy one, we deeply experienced the Matrixport contract for 30 days and came to a conclusion.
Matrixport contract, absolutely amazing!
New currency pairs are added to the carefully selected contracts, and popular high-quality currencies are added quickly
According to official data from Matrixport, Matrixport contracts (named MP contracts on the APP) now support 380+ trading pairs, with a maximum leverage of 125x. In actual experience, it is found that Matrixport contracts can meet the contract needs of most investors, while also launching new products at a fast speed and with high quality. As of December 19, Matrixport contracts launched 17 new pairs in December, covering popular currencies such as HYPE, USUAL, MOVE, VANA, etc., among which USUAL and MOVE support a maximum leverage of 75x.
When comparing the market horizontally, it is found that the speed of Matrixport contract trading pairs is comparable to that of the first-tier exchanges. For example, Matrixport launched USUAL perpetual contracts on the same day as Binance, Bitget, and Gate.io; launched VANA on the same day as Binance, Bitget, and Bybit; launched MOVE perpetual contracts on December 9 and supported a maximum leverage of 75x, while Gate.io, which launched MOVE at the same time, supported a leverage multiple of up to 50x.
The fast speed of new products and high leverage ratio support provide users with more choices. In this field, Matrixport Contract has achieved the goal of listing new currencies that others do not have and being better than others (high leverage ratio), and its rating is quite excellent in terms of the richness of supported currencies (market breadth).
Take into account high liquidity and low fees, and reject conscience contracts with abnormal price fluctuations
Depth is the soul of contract trading. With the addition of leverage, a slight slippage will cause a large profit fluctuation. Matrixport innovates the transaction matching engine and deeply cultivates market liquidity to create a high-liquidity, low-slippage, and ultra-fast matching contract trading market for users. To this end, we compared the top ten mainstream currencies bought and sold in the mainstream contract order book on the market. Matrixport contracts are ranked in the top 5 in the depth of popular currencies such as BTC, ETH, SOL, BNB, XRP, DOGE, and some even enter the top 3.
In terms of handling fees, Matrixport contracts are also very sincere. The initial maker handling fee of Matrixport contracts is 0.02% and the taker handling fee is 0.06%, which looks similar to other exchanges. But it should be noted that the VIP system of Matrixport contracts has a low threshold. Assets of $10,000 are VIP 1, and the maker handling fee is 0.019%. Assets of $100,000 are VIP 2, with a maker handling fee of 0.018% and a taker handling fee of 0.045%. Taking Binance as an example, assets of $100,000 are ordinary Binance users and cannot enjoy VIP handling fee discounts. With the same asset level, you can get a higher VIP level and more handling fee discounts in Matrixport contracts.
Lower maintenance margin rate and better liquidation price
There is an old saying in the contract circle, "either a villa by the sea or go into the sea yourself". With the support of high leverage, the volatility of crypto assets will be further amplified. It is a compulsory course for every contract investor to reasonably balance the margin and leverage multiples. Matrixport contract aims at this pain point and lowers the maintenance margin rate to reduce the risk of liquidation for users.
Taking the BTC-USDT perpetual contract as an example, at 5 x leverage, the maintenance reserve ratio of the Matrixport contract is 4.5%, which is lower than the 10% maintenance reserve ratio of some first-tier exchanges. At the same time, the maintenance reserve ratio of the Matrixport contract is better at 10x- 125 x leverage.
summary
After comprehensively comparing Matrixport contracts, one can’t help but recall what Matrixport CEO Ge Yuesheng said in an interview with the media, “What Matrixport wants to do is to make users make money.” From the low VIP threshold of Matrixport and the lower contract maintenance margin rate, it can be seen that Matrixport really starts from the users and truly considers the interests of users.
As the world's leading one-stop crypto financial service platform, Matrixport not only continues to expand its asset management product line, but also innovates and launches a contract system to provide users with convenient options for trading. Not limited to the comfort zone, jumping to a new trading track is a very bold attempt for Matrixport. But compared with the fame of Matrixport's asset management products, contracts are obviously "hidden products". After all, good wine needs to be hidden in the alley. Whether Matrixport contracts can seize the market with their excellent product attributes depends on whether Matrixport's marketing efforts will be exerted.
