CoinEx Turns 7: 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. CoinEx gives users a lot of liquidity, which makes it a more preferred option for users globally. Additionally, the exchange has developed a reputation for technological brilliance. Its self-made matching engine ensures safe and smooth transactions, even during the busiest 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 highly active with numerous trading pairs. The XRP/USDT pair alone saw a volume of $115.46 million in one 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 over 1,200 cryptocurrencies and 1,800 trading markets, providing convenience for individuals pursuing diverse investment opportunities.

As of November 2024, the price of CoinEx’s native token, CET, reached $0.092, reflecting a 241.6% increase over the past two years. This significant growth is attributed to CoinEx’s consistent ecosystem development and robust tokenomics model. Through its buyback and burn mechanism, CoinEx has reduced CET’s circulating supply by 71% over six years, further enhancing the token’s market value and investment appeal.

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.