What is CoinEx Financial Account?
CoinEx Financial Account is a flexible investment product that enables you to earn compound interest on your crypto holdings, while maintaining its signature features of daily interest accrual and unrestricted withdrawals at any time.
After transferring idle assets into the Financial Account, you can get daily interest. Also, compound interest is accumulated on a daily basis. The interest comes from 70% of the total income generated by margin loans and crypto loans.
Terms of Financial Account
1. Yesterday's Income = (Yesterday's margin loans income + Yesterday's crypto loans income) * 70% * (Your Financial Account balance yesterday / Total balance in all Financial accounts yesterday)
2. Latest Daily Interest (updated every 10 minutes) = (Today's margin loans income + Today's crypto loans income) * 70% / Total balance in all Financial accounts today * 100%
3. 7-Day APY = (Margin loans income in the last 7 days + Crypto loans income in the last 7 days) * 70% / Total balance in all Financial accounts in the last 7 days * 365 Days
How to enter Financial Account?
1. Visit CoinEx official website (https://www.coinex.com), log in to your account, and select [Financial] under [Assets] in the top-right corner.
2. On the "Financial page", you can check all available assets.
Note: Click [Hide small assets] next to [Financial Asset] to locate your holdings.
How to Transfer Assets to Financial Account？
1. On the "Financial page", locate your desired crypto and click [Transfer] on the right.
2. Set the transfer direction from [Spot] to [Financial], confirm the coin type, and enter the amount, then click [Confirm].
3. After transferring your assets to the Financial Account, you can check the transfer details in [Financial] > [Financial Records] or [History] > [Financial].
How Financial Account Works
Day 1: Transfer assets from Spot Account to Financial Account (no upper limit).
Day 2: Begin earning interest.
Day 3: The interest earned from the prior day will be compounded and added to your Financial Account.
Example:
November 28, 00:00 UTC: Transfer 100 USDT to your Financial Account.
November 29, 00:00 UTC: Interest calculation begins.
November 30, 00:00 UTC: Interest is paid and compounded.
(Actual payout times may vary; check your Financial Records)
Tips on Financial Account
1. Assets transferred to the Financial Account from Spot Account must meet the minimum order amount.
2. No interest will accrue on the day when the assets are transferred out of the Financial Account.
3. The UTC time is uniformly used for the convenience of calculation.
4. If there is no Margin loans and Crypto Loans income for the crypto on that day, or if the 1-Day APY is 0, then no financial income will be distributed.
5. Should you encounter any delay in asset transfer, please submit a ticket to contact us for further assistance.
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