Hotcoin Global operates as a centralized cryptocurrency exchange that provides a variety of digital asset services. It supports spot and derivatives trading, along with additional financial offerings such as staking, lending, and an NFT marketplace. The platform is designed to serve a global user base, though restrictions apply for users in the United States and Japan.
As a regulated entity, Hotcoin Global holds dual corporate licenses issued by AUSTRAC, enabling it to function as a digital currency exchange and a foreign currency trading provider. Compliance with KYC (Know Your Customer) standards is mandatory for all users.
Trading Markets and Instruments
Hotcoin Global facilitates crypto-to-crypto trading. While no fiat currencies are directly listed, multiple stablecoins—including Tether (USDT) and USD Coin (USDC)—are available. All trading pairs are priced in U.S. dollars for user convenience.
The exchange offers two distinct spot trading environments:
- Basic Spot Market: Designed for retail and beginner traders, with a user-friendly interface.
- Professional Spot Market: Tailored for institutional and advanced traders, offering more sophisticated charting tools and data analytics.
Additionally, margin trading is available with leverage of up to 10x.
Derivatives and ETFs
The derivatives market includes two types of perpetual futures contracts:
- USDT-margined contracts
- Coin-margined contracts
Exchange-traded funds (ETFs) are also supported. These products allow users to gain exposure to certain assets without directly holding them. A futures simulation trading feature is provided for risk-free practice.
Fees and Withdrawals
A flat 0.2% fee is applied to all trades. This rate is not influenced by whether the user is a maker or taker, and no funding fees are charged for perpetual swaps. Note that the company reserves the right to adjust these rates.
Withdrawal fees are dynamic and depend on current network conditions. Each asset has a minimum withdrawal amount, which varies. For instance, the minimum USDC withdrawal on BSC is $10, while ERC-20-based stablecoins require a minimum of $50.
Additional Financial Services
Beyond standard trading, Hotcoin Global offers several other financial products:
Hotcoin Earn
This service allows users to earn interest on their digital assets through flexible or fixed-term deposits. Lock-up periods for fixed terms are typically 30 or 90 days. Currently, supported assets include USDT and Filecoin (FIL). Interest rates are variable and subject to market conditions.
Hotcoin Loan
An instant loan service where users can borrow USDT by using cryptocurrencies like BTC or ETH as collateral. Standard loan terms are 7, 14, 30, 90, or 180 days. Daily interest rates start at 0.1%.
NFT Marketplace
Users can mint, trade, and store non-fungible tokens (NFTs) in Hotcoin’s dedicated marketplace. The platform also hosts Initial Game Offerings (IGOs), helping blockchain game developers raise capital.
API Access
Developers and advanced users can leverage Hotcoin’s API tools to access real-time market data, user balances, and trading functions. This enables automated trading and portfolio management. 👉 Explore more strategies for using exchange APIs
Corporate Background
Hotcoin Global was established in 2017 and is headquartered in Sydney, Australia. While information about its founding team is not publicly available, the exchange has demonstrated substantial growth.
As of 2022, Hotcoin reported over 3 million registered users with a daily active user count averaging 120,000. Between 2021 and 2022, its user base grew by more than 200%. The platform’s daily trading volume averages around $4 billion.
In April 2022, the company expanded its operations by opening a regional office in Dubai, serving Europe, the Middle East, and Africa. This complements its existing offices in Singapore and North America.
Frequently Asked Questions
Is Hotcoin Global a regulated exchange?
Yes, Hotcoin Global is regulated under AUSTRAC in Australia and operates with the necessary licenses for digital asset and foreign exchange trading. Users must complete KYC verification to access all services.
Which countries are restricted from using Hotcoin Global?
Residents of the United States and Japan are currently restricted from using the platform. Users from over 90 other countries can access most services.
What cryptocurrencies can I trade on Hotcoin Global?
The exchange supports over 300 digital assets and more than 350 trading pairs, including major cryptocurrencies and stablecoins.
Does Hotcoin Global charge for deposits?
Deposits are generally free, though withdrawal fees vary by asset and are based on current network congestion and blockchain fees.
Can I use leverage while trading?
Yes, margin trading is available with leverage of up to 10x on certain spot markets. Perpetual futures contracts also offer leveraged trading options.
Is there a mobile app for Hotcoin Global?
While the article does not mention a mobile app, many centralized exchanges offer dedicated mobile applications. You may check the official website for the latest supported platforms.