Centralized exchange · since 2019 Singapore-based crypto exchange known for free built-in trading bots, with spot, futures and a separate US platform.
New users: Up to 60 USDT in Growth Funds for new users
Claim on Pionex ↗
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 ↗
PionexVariational
Trading fees (base tier)
Spot maker0.05%—
Spot taker0.05%—
Futures maker0.02%0%
Futures taker0.05%0%
Markets (live)
Coins listed685565
Coins with perpetuals561565
Coins with spot pairs3090
24h volume$19.67B—
Coins only here357 coins trade on both328208
New listings (detected live)
Last 30 days0—
Last 90 days0—
Safety and access
Proof of reservesYes · Elite Partners; MooreYes · real-time
Licenses2US FinCEN MSB registration (Pionex.US, with state money transmitter licences/exemptions), Registrations reported in Singapore and AustraliaNone listed
Restricted regions17 regionsUnited States (served via separate Pionex.US), China, North Korea, Iran, Cuba…10 regionsUnited States and US territories (incl. Puerto Rico, Guam, US Virgin Islands), Canada, Taiwan, Cuba, Iran…
HeadquartersSingapore—
Exchange token—VAR
Incidents on record10
Pionex or Variational?
Pionex 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.
Pionex lists 685 coins and Variational 565. 357 coins trade on both, 328 only on Pionex and 208 only on Variational. In the last 30 days Pionex added 0 new coins and Variational —.
Fees above are base-tier rates before VIP levels and token discounts; Pionex offers 2 discount options and Variational offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.