Owen: I hope more C-end customers will participate and open up spot trading on the exchange

From September 13th to 16th, a four-day invitation-only closed-door meeting of POW industry leaders was successfully held in Wenzhou.

The conference was jointly sponsored by Miner Dad and CoinWave, and co-organized by CCFOX, BTC.com, Martrixport, Shenma Miner, and Langshen Miner, and received strong support from many leading companies including BitExpress, Panda Miner, Spider Mining Pool, Delixi Electric, Wanwei Electric, Fengxiang Ruihai, Hongxin Technology, Sanbian Technology, Xiangbo Machinery, and Jiejie Mining.

During the meeting, CCFOX co-founder Owen accepted an interview with the media. The following is the interview transcript (organized according to the recording):

Interstellar Vision: Can you briefly introduce CCFOX?

Owen: CCFOX was founded in 2019. It is a trading service platform focusing on derivatives. Most of the team members are from overseas. People like us who have studied abroad used to work in traditional securities. We first selected some people to enter the cryptocurrency circle to work on quantitative funds in June 2018.

Interstellar Vision: What advantages does CCFOX have that makes it one of the top 10 in the world in terms of trading volume?

Irving: Four points

The first point is safety. Assets and risk control are the first factors for any exchange. We use COBO as our third-party asset custody platform to ensure the safety of customer assets. The second point is fairness. The index we use is also a third-party index, which is very open and transparent. The third point is friendliness. We return 50% of the margin to the customer after the position is covered. The fourth point is flexibility. Our platform supports two-way positions and supports long and short positions.

Interstellar Vision: How do you view the DeFi market? What are the implications of this market for CCFOX? Are there any plans and strategic deployments?

Owen: I didn’t do in-depth research on the concept of Defi when it first appeared. At that time, the concept had not yet been implemented. The popularity of Uniswape this year made everyone feel that while solving some liquidity and efficiency issues, this decentralized exchange is more fair, open and transparent. Therefore, the implementation of Defi this time has attracted more participants.

Interstellar Vision: What is CCFOX's future product roadmap? Are there any exciting products?

Owen: This Wenzhou conference will bring you a new product called mining machine spot trading. Our team, including our partners, are all miners. We have fallen into too many traps in the buying and selling of mining machines due to price, logistics, failure to reach T numbers and so on. In response to these pain points, we thought that if we could formulate standards, more C-end customers would be able to participate in this industry. We want to open up spot trading on the floor, which is also more open and transparent.