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A Journey to 10 Million Users and Global Recognition
CoinEx is marking 7 years of big success with over 10 million users worldwide. With a rapidly increasing user base for this exchange, it totally covers its ability to cater to different crypto traders with its various services and has garnered their confidence along with improved technology.
As CoinEx looks back at its accomplishments, the platform remains unique with its no-KYC option and a firm commitment to expanding into the global market. Along with trading volumes, the security of funds has always been one of the signature attributes associated with CoinEx.
CoinEx’s Growth: A Look at Its 7-Year Journey and Key Features
Launched in December 2017 by Haipo Yang, CoinEx rapidly gained ground in the cryptocurrency exchange world. In seven years, it has garnered more than 10 million users across the globe and emerged as one of the most trusted exchanges out there. Such fantastic growth has been the hallmark of the philosophy of focusing on users and its technological prowess in cutting-edge developments, making it a market leader in the competitive ever-changing world.
CoinEx has designed services to cater to every level of trader. The platform offers services such as spot and futures trading, margin trading, and even AMM services. It caters to most investment needs. With over 1,000 trading pairs available, CoinEx gives users a lot of liquidity, which makes it a more preferred option for users globally. Also, the exchange has developed a reputation of technological brilliance through its self-made matching engine promising safe and smooth transactions, even at the most busy times.
One of the major factors that have contributed to the success of exchange is the Merkle Tree proof of reserve which is a protocol that ensures the transparency of the system. The no-KYC crypto exchange feature allows users to trade anonymously while maintaining strong security measures. The platform also localizes effectively and offers multilingual support to target underserved markets.
Strong Trading Volume and Token Growth
CoinEx has become one of the leading players in the crypto exchange market with the help of high trading volumes and the steady increase in the market capitalization of its native token CET. Looking at the recent statistics, it was seen that the exchange reached a spot trading volume of $692. 95 million in a single day which proves its strength in the cryptocurrency market. The platform is quite active with many trading pairs and the XRP/USDT pair alone has seen a volume of $115.46 million within a day.
Other products of CoinEx include the Futures platform through which it has been able to enhance its success. This demonstrates the platform’s ability to handle large transactions efficiently. As per Coinglass data it managed over $2.23 billion in 24 hours, ensuring liquidity even in volatile markets. The platform offers 254 trading pairs, providing convenience for individuals pursuing diverse investment opportunities.
CoinEx’s (CET) price was trading at $0.094, which shows a 2% rise in just one day. In the last three months, CET’s worth went up by 25%. People who use CoinEx can stake, trade, and do other things with CET on the platform.
The platform consistently performs well, expands its user base, and increases token value. It is well-positioned for future growth as it innovates and meets global community needs.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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