CoinEx

What is CoinEx?

CoinEx, a prominent global cryptocurrency exchange, is dedicated to simplifying crypto trading for users worldwide. Available in 15 languages, the platform boasts a comprehensive array of products and services, encompassing spot trading, futures trading, margin trading, AMM, crypto finance, and strategic trading. With a user base exceeding 4 million in over 200 countries, CoinEx stands out for its commitment to providing secure, reliable, and user-friendly crypto trading services.

Why CoinEx?

The exchange features specialized sections for BTC and stablecoins, along with access to over 600 premium and innovative cryptocurrencies. CoinEx has earned trust with its flawless safety record, intuitive products, rapid and stable performance, and seamless deposit and withdrawal procedures. Prioritizing user satisfaction, CoinEx serves as a gateway to the crypto world, offering a pleasant trading experience.

Comprised of core team members from leading internet and finance companies, CoinEx combines the expertise of early cryptocurrency adopters and professionals. With a proprietary trade matching system and a commitment to security, stability, and efficiency, CoinEx aims to build a highly secure and efficient global cryptocurrency exchange.

Key advantages of CoinEx include its secure, stable, and efficient cryptocurrency exchange, supporting up to 10,000 transactions per second (TPS) with a self-developed proprietary trade matching engine. In a significant move in 2022, CoinEx introduced the "Merkle Tree" audit method as Proof of Reserve, demonstrating transparency by becoming one of the first crypto trading platforms to disclose such proof. Upholding a 100% reserve ratio, the exchange ensures that users' assets are never misused, and withdrawal requests are promptly processed.

What is the CET Token?

Issued in January 2018, CoinEx Token (CET) functions as a value-added services and privileges scheme within the CoinEx business ecosystem. CET, issued on the Ethereum ERC20 protocol and migrated to the self-innovated CoinEx Smart Chain, acts as gas. CET holders enjoy benefits such as trading fee deductions, VIP services and privileges, and exclusive promotional privileges.

CET ecosystem:

• Cryptocurrency Trading: CoinEx's crypto-crypto exchange is bolstered by its proprietary high-speed matching engine. This platform is committed to expanding its offerings by listing additional high-quality coins and tokens. It continues to refine user experience and liquidity, and it plans to introduce Margin trading to cater to a broader global user base.
• Derivative Trading: CoinEx's derivatives trading platform caters to professional users, providing them with high-leverage trading and hedging services. This includes futures perpetual contracts, crypto loans, and more. The platform is actively developing a range of innovative and competitive contract products to enhance its offerings.
• Decentralized Exchange (DEX): CoinEx's DEX operates on the CoinEx Smart Chain, supporting both automatic market-making algorithms and the traditional order book mode. This dual approach makes trading more adaptable and user-friendly, accommodating traditional transaction practices. Users benefit from a highly functional, simple, and easy-to-use operational interface.
• CoinEx Smart Chain (CSC): CSC is constructed on the POS consensus protocol, emphasizing decentralization and energy efficiency. It empowers users to easily create their own decentralized applications, contributing to the broader ecosystem of decentralized finance.

CoinEx Team Background

Founded by Haipo Yang, a young entrepreneur and early Bitcoin investor, CoinEx has its roots in Mr. Yang's initial encounter with Bitcoin in 2011. Actively joining the Bitcoin community in 2013, he went on to develop a Bitcoin mining pool in 2016. Within two months, he successfully completed the code for the ViaBTC Pool, subsequently launching it. This milestone was followed by the establishment of CoinEx Exchange.

CoinEx Project Development

On November 15, 2023, CoinEx, a major global cryptocurrency exchange, launched the CoinEx Creator Program to support creators interested in Web3 and blockchain technology. This initiative, backed by a substantial multi-million-dollar fund, is open to creators worldwide.

This program follows CoinEx's previous success with the Ambassador Program, initiated in March 2020, which attracted over 3,000 global influencers passionate about blockchain and crypto. Ambassadors, integral to CoinEx's branding and community promotion efforts, enjoy a stable monthly income with a commission ratio of up to 50% of the referee's transaction fees.

Over the past three years, the CoinEx Ambassador Program has evolved and gained recognition from prominent crypto influencers. The new CoinEx Creator Program represents the exchange's ongoing commitment to supporting and empowering creators in the dynamic cryptocurrency industry.

CoinEx Price Analysis

As of November 24 2024 CoinEx has a marketcap of $255M. This is {{percentagefromath}} from its all time high of $0.150293. In terms of its tokenomics, there's a total supply of 2.8B with 100% currently outstanding. Keep in mind CoinEx has a fully diluted value of $255M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude