About the DMA Product 1 [Binance] :
CoinDCX has built unique Direct Market Access for perpetuals combining liquidity of Binance and Market Makers. It’s an agency-based workflow where we help client place orders on Binance books directly while minimizing the cost of trading.
Here’s simple workflow
Trader reads Binance Orderbook always If trader places a taker order, the order gets filled by Market Maker at the book levels of Binance. For e.g. If book is at 100,000 (Bid) -101,000 (Ask) with quantities of 5 and 10 respectively, in case of Buy order of 1 qty will be matched at 101,000 with Market Maker If trader places a maker order, the order gets inserted into the books of Binance This is an unique DMA setup offering depth of the most liquid exchange while providing lower fee structure. CoinDCX is first broker globally to ship this.
Features
Instruments supported : Perpetuals with all Binance USDT-M Pairs Funding rates match Binance’s rates Scalable to support to multiple venues (Bybit, OKX etc.) No front-running on trades. CoinDCX is a technology company and doesn’t have a trading desk Minimal latency of 100ms as we run pre-trade risk checks and order routing before we match it with the right counterparty All assets are secured. We use Fireblocks as our custody partner. Fee savings of up to $100,000 every month $100Bn+ volume already recorded Monthly Savings (50% Maker)
Well-suited for
Emerging Market Makers : Hedge the at low-cost. Systematic Hedge Funds : Get more out of your alpha Proprietary Trading Firms : Save trading fees while trading Trend/Momentum seeking strategies and churning high-volume DMA Product 2 [Bybit and OKX] :
This product offers direct access to top-tier subaccounts of Bybit and Okx
For Bybit and OKX’s DMA, CoinDCX charges below fees
Support and Client Success
Professional Services : Comprised of experts from trading and technology Client-specific bespoke solutions Go-to-contact for everything post-onboarding Personalized Support and proactive account management 24/7 support for quick resolution of critical issues Quick resolution for infrastructure, technical, bugs or complex requests Smooth operations with minimal downtime About CoinDCX
CoinDCX is the largest exchange in India with more than 15Mn users and it last year to expand in MENA region. Here’s a quick snapshot about the company
3 countries and 3 licenses $1Bn+ Assets under Custody 99% Assets in cold-wallet custody 07 years since Inception $15Bn+ Monthly Retail Volume CoinDCX is backed with by marquee investors Contact
Bhupendra leads global institutional business at CoinDCX. Previously, he cofounded a crypto trading platform called Density (seed $4.5Mn) and worked at CTO, Software Engineer, Head of Product at multiple startups. He has been closely connected with crypto ecosystem for the last 4 years and is an alumnus of IIT Kharagpur. Below are his coordinates.