Centralized exchange · since 2021 Seychelles-registered offshore exchange known for zero-fee spot trading and high-leverage perpetual futures.
New users: Task-based welcome rewards in USDT (futures bonus)
Claim on KCEX ↗
Peer-to-peer RFQ derivatives protocol on Arbitrum; its Omni app offers zero-fee perpetuals on 500+ crypto and traditional markets.
New users: Weekly points toward the VAR genesis airdrop, plus loss refunds
Claim on Variational ↗
KCEXVariational
Trading fees (base tier)
Spot maker0%—
Spot taker0%—
Futures maker0%0%
Futures taker0.01%0%
Markets (live)
Coins listed1,233565
Coins with perpetuals822565
Coins with spot pairs8520
24h volume$18.95B—
Coins only here505 coins trade on both72860
New listings (detected live)
Last 30 days25—
Last 90 days25—
Safety and access
Proof of reservesNot publishedYes · real-time
LicensesNone listedNone listed
Restricted regions15 regionsUnited States, Canada, Mainland China, Hong Kong, Singapore…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersMahe, Seychelles (Eden Plaza, Eden Island)—
Exchange token—VAR
Incidents on record00
KCEX or Variational?
KCEX and Variational are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
KCEX lists 1,233 coins and Variational 565. 505 coins trade on both, 728 only on KCEX and 60 only on Variational. In the last 30 days KCEX added 25 new coins and Variational —.
Fees above are base-tier rates before VIP levels and token discounts; KCEX offers 2 discount options and Variational offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.