CoinEx: To Embrace a New Crypto Future by Making Crypto Trading Easier in the Next Five Years

PRESS RELEASE. In December 2022, CoinEx volition observe its 5th birthday. Since its inception, the crypto speech has gone done bulls and bears and attracted implicit 4 cardinal users crossed much than 200 countries and regions worldwide. For some CoinEx and the crypto space, the past 5 years person been extraordinary. In particular, this year, CoinEx launched an all-new marque slogan: Making Crypto Trading Easier.

The CoinEx squad shared their views connected the aboriginal improvement of crypto and the exchange.

1. CoinEx is 1 of the fewer crypto exchanges that has been moving for 5 consecutive years. In your view, what is the astir salient alteration successful the marketplace implicit that period?

During the past 5 years, the crypto manufacture has served much people. Although it is hard to number the full fig of crypto users, we tin get a glimpse of the monolithic idiosyncratic basal done on-chain activities. According to Etherscan.io, the fig of Ethereum unsocial addresses hardly exceeded 1 cardinal backmost successful 2017, and the fig of regular transactions stood astatine astir 50,000. Today, determination are good supra 200 cardinal Ethereum unsocial addresses, with astir 1 cardinal transactions registered each day. On Ethereum, some the fig of unsocial addresses and regular transactions person gone up twenty-fold. Additionally, 5 years ago, Ethereum was the lone nationalist concatenation with astute contracts that was wide adopted; close now, caller nationalist chains and Layer 2 besides transportation a immense fig of transactions. Data from DefiLlama suggests that Ethereum accounted for astir 95% of the TVL of the marketplace successful 2020, and that percent has dropped to little than 60% successful 2022. This indicates that crypto ecosystems person go much progressive and robust during the past 5 years, going acold beyond the twenty-fold summation recorded by Ethereum.

Right now, crypto users are nary longer concentrated successful 1 region; they are everywhere. For instance, CoinEx’s idiosyncratic basal spans implicit 200 countries and regions, covering astir places successful the world.

In caller years, crypto applications person besides achieved accelerated progress. From DeFi done Play-to-Earn to Meme, caller crypto attempts people the wide public. It is noteworthy that on-chain information successful DeFi is unfastened to all, which mitigates the immense accusation spread successful accepted finance. Following the roar of Play-to-Earn, immoderate low-income groups were the archetypal ones to profit, and each idiosyncratic tin walk clip earning rewards via the model. Meme coins are besides a bottom-up civilization that relates to planetary users.

As crypto exertion advocates transparency and decentralization, the marketplace is bound to service much people, which volition people grow the idiosyncratic basal and marketplace standard of crypto. Five years ago, crypto users were a tiny assemblage of geeks, speculators, and crypto believers, but now, the manufacture is becoming a much nationalist arena, arsenic evidenced by its idiosyncratic base, marketplace activity, geographical distribution, and wide adoption.

2. Today’s crypto marketplace drastically varies from what it was 5 years ago. How has CoinEx evolved successful the marketplace during that aforesaid period?

During the past 5 years, CoinEx, unneurotic with the market, has gone done a batch and witnessed galore changes. For instance, a fewer years ago, CoinEx decided to physique a planetary beingness to supply services for users successful much countries and regions, and to marque the marketplace much accessible. Today, the speech has made its services disposable successful 15 languages, covering astir users worldwide. We person created a much enabling crypto trading situation for investors successful antithetic places, helping them payment from crypto services freely and effortlessly.

In addition, we person achieved innovations connected the merchandise level. For instance, our squad appreciates the innovative AMM mechanics successful DeFi, which allows retail investors to supply effectual liquidity portion earning trading fees. As such, CoinEx became the archetypal CEX to present AMM. Coupled with our bid publication model, the exchange’s AMM diagnostic helps users gain passive income successful the signifier of trading interest dividends.

Apart from marketplace enlargement and merchandise functions, we person besides worked hard connected improving our webpage interactions, ocular guides, token listing, and lawsuit services. These efforts person made CoinEx overmuch much user-friendly, which has ever been our apical priority. CoinEx strives to support improving its products and idiosyncratic experiences to assistance much users worldwide implicit each crypto transaction with ease.

3. The caller autumn of FTX revealed the information problems facing CEXs. How bash you mitigate information risks?

The biggest occupation with FTX is that the speech lied to users and misused their funds, but that does not use to each CEXs. CoinEx has promised that each cryptos volition beryllium 100% reserved from time one. We volition ne'er misuse the funds that users entrusted to america for immoderate crushed whatsoever and we marque definite that each withdrawal requests are promptly processed. This is wherefore CoinEx has ever been capable to respond to withdrawal requests connected time.

We person ne'er suffered immoderate information breach during the past 5 years, making america 1 of the fewer zero-accident exchanges successful the crypto space. We recognize that information is of captious value to exchanges, truthful CoinEx has adopted aggregate information measures. In presumption of level security, we established a information committee, making definite that each method upgrades and mentation updates are carried retired successful strict accordance with the applicable information procedures and criteria. Moreover, CoinEx regularly conducts accent tests and carries retired information audits jointly with apical blockchain information teams. Concerning plus security, CoinEx adopts the strategy of acold wallet positive multi-signature authentication, some of which are independently developed by our team, keeping idiosyncratic funds harmless and secure.

As blockchain believers, we are convinced that openness and transparency, which correspond the crypto spirit, volition assistance the manufacture grounds steadfast growth. As such, our squad is moving connected reserve proofs based connected the Merkle tree, which volition beryllium made afloat disposable to each users. In the future, each CoinEx idiosyncratic volition beryllium capable to intelligibly cheque their plus reserves.

In our view, coagulated method capabilities and transparent records are the champion mode to guarantee security. We committedness to each our users that CoinEx is backed by beardown plus reserves and dependable currency flows, which allows america to process your regular withdrawals nether each circumstances.

4. Recent incidents successful the crypto manufacture person triggered regulatory concerns. What’s your presumption connected regulation? Is the crypto manufacture little unafraid than the bequest fiscal system?

As the marketplace becomes progressively globalized and extensively adopted, countries are already preparing to present policies connected crypto. That said, regularisation does not adjacent suppression. We judge that tenable oversight tin support users better. For instance, policies aiming to marque the manufacture much compliant and transparent could forestall marketplace manipulation and fraud. Therefore, arsenic a planetary crypto exchange, CoinEx volition respect nationalist laws and regulations, safeguard the interests of our users, support their funds safe, and supply secure, unchangeable concern services for much planetary users readying to commercialized crypto.

We don’t judge that the crypto manufacture is little unafraid than accepted finance. Regulatory oversight is simply a mode to support users, not a cure-all. For instance, successful the bequest fiscal system, users besides endure from fraud.

In the crypto market, connected the different hand, transparent decentralized lending platforms are inactive afloat solvent and moving stable, contempt the galore incidents successful 2022. Therefore, we judge that idiosyncratic assets volition beryllium kept harmless and unafraid arsenic agelong arsenic crypto companies enactment unfastened and transparent.

5. This year, CoinEx launched a caller slogan: Making Crypto Trading Easier. What is down that slogan?

It has ever been our content that decentralized crypto exertion is calved for the wide public. It brings radical a caller fiscal marketplace that’s open, free, and transparent. In this market, everyone has entree to fiscal services.

Traditional fiscal services, connected the different hand, are not accessible to all. Today, 1.7 cardinal radical stay unbanked and are incapable to get fiscal services from accepted institutions; however, 1 cardinal of those 1.7 cardinal radical person mobile phones. This means that it volition lone instrumentality a fewer minutes for them to registry a CoinEx relationship and ain a crypto wallet, which volition let them to articulation a planetary concern marketplace that’s worthy hundreds of billions.

Although crypto exertion is bringing america accessible finance, arsenic a caller invention, it comes with learning costs. For instance, asking a crypto beginner to usage a DEX volition lone origin misunderstandings successful the crypto industry. Furthermore, galore crypto companies present absorption connected providing high-end traders with analyzable services, which tin beryllium confusing to retail investors.

The mode we spot it, the manufacture should ne'er spell against its archetypal motivations and go an inaccessible concern marketplace with precocious costs. This is wherefore CoinEx hopes to physique a span linking users to the crypto world. We strive to go the gateway for users to the crypto abstraction and assistance them commercialized crypto with ease. CoinEx provides easy-to-use crypto services for each imaginable crypto users who whitethorn person assorted connection preferences, crypto understanding, and concern capacity, arsenic evidenced by our content successful Making Crypto Trading Easier.

6. Could you stock CoinEx’s roadmap with us? In your view, what caller trends volition look successful the crypto manufacture implicit the adjacent 5 years?

During the past 5 years, CoinEx has gained the spot and enactment of implicit 4 cardinal users. In the adjacent 5 years, we volition stay grateful, strive to supply easy-to-use crypto trading services, and physique a secure, just and transparent concern environment.

We are afloat alert that specified easiness of usage is not achieved overnight. Rather, it takes continued efforts implicit the agelong term. In the future, CoinEx volition support connected improving its products and services to conscionable the crypto request of users from much countries and regions. Meanwhile, we volition besides optimize our merchandise mechanisms, operating procedures, and ocular guides to assistance each users spot the people relation close distant and trade/invest successful crypto done the easiest steps. Furthermore, we volition besides follow much coagulated information measures to grant our committedness to users.

We judge that arsenic crypto becomes much wide adopted, the show of blockchain infrastructures volition progress, which volition assistance the manufacture transportation much users and ample trading volumes. Meanwhile, the marketplace volition witnesser changeless innovations, and determination volition beryllium expanding caller mechanisms and applications successful categories including DeFi, GameFi, DAO, NFT, and Web3. Going forward, CoinEx volition assistance much planetary users articulation the crypto space, prehend marketplace opportunities, and witnesser a caller fresh crypto aboriginal together.

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