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Websea
Websea is a cryptocurrency exchange where users can trade spot and futures contracts, copy professional traders, and earn yield on digital assets.
Canada
Websea
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Description
Websea is a centralized cryptocurrency exchange offering spot trading, USDT-margined perpetual futures contracts with leverage up to 50x, and copy trading in standard and principal-protected variants. The copy trading feature allows users to mirror the positions of selected lead traders, with the principal-protected variant safeguarding the user's allocated capital against copied losses. A futures insurance mechanism generates insurance nodes each time a user's cumulative losses reach 100 USDT and distributes airdrop compensation to active nodes when the insurance pool reaches its threshold. The Yongying Fund is a principal-protected staking product that accepts WBS tokens across fixed subscription periods, denominating returns in WBS and using a Gold Standard Shield mechanism to compensate users in USDT if the WBS price falls below the subscription price at maturity. Additional offerings include a fiat OTC ramp, an interest-bearing earn product, social features (Square content hub, live streaming, and groupCategory: Centralised Exchange