Introduction to CoinEx Exchange
CoinEx is a global cryptocurrency exchange platform that launched in December 2017. Backed by Bitmain's investment and developed by the ViaBTC team (operators of the largest BCH mining pool and fourth-largest BTC mining pool), CoinEx quickly rose to prominence in 2018. During its peak in July 2018, CoinEx briefly ranked as the world's top exchange by trading volume. While its current ranking has declined to beyond the top 70 globally, CoinEx remains an important player in the crypto exchange landscape.
Key Features of CoinEx
- Multi-language Support: Available in 15 languages including English, Chinese, Japanese, Korean, and Russian
- Global Reach: Serves users across nearly 100 countries and regions
- Service Offerings: Spot trading and perpetual contracts
- Security Focus: Built with robust security measures to protect user assets
Is CoinEx Exchange Reliable?
Strong Institutional Backing
CoinEx benefits from significant industry support:
- Bitmain Investment: Received angel and Series A funding from Bitmain, the dominant Bitcoin mining hardware manufacturer
- ViaBTC Team: Developed by operators of major Bitcoin Cash and Bitcoin mining pools
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Technical Expertise
The exchange boasts impressive technical credentials:
- Founded by Yang Haipo, an early Bitcoin investor and mining technology expert
- Development team includes veterans from major tech and financial companies
- ViaBTC team has demonstrated blockchain expertise since 2016
Trading Volume History
While no longer topping global rankings, CoinEx:
- Achieved #1 global trading volume in July 2018
- Maintains consistent liquidity across major trading pairs
- Supports BCH as its primary pricing currency
CoinEx Exchange Features and Performance
Platform Strengths
- Asset Selection: Careful curation of quality digital assets
- User Interface: Intuitive design suitable for both beginners and advanced traders
- Global Accessibility: Multi-language support and worldwide service coverage
Security Measures
CoinEx prioritizes platform security through:
- Cold wallet storage for majority of funds
- Two-factor authentication (2FA) requirements
- Regular security audits and updates
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Frequently Asked Questions
Is CoinEx safe to use in 2024?
Yes, CoinEx maintains strong security protocols and institutional backing, making it a relatively safe platform despite its decreased market ranking.
What cryptocurrencies does CoinEx support?
CoinEx supports major cryptocurrencies including BTC, BCH, ETH, and various altcoins, with BCH serving as its primary pricing currency.
Does CoinEx offer derivatives trading?
Yes, CoinEx provides perpetual contracts alongside its spot trading services.
How does CoinEx compare to larger exchanges?
While not as prominent as top-tier exchanges, CoinEx offers competitive fees, adequate liquidity, and unique features like BCH-focused trading pairs.
What languages does CoinEx support?
The platform supports 15 languages, catering to a global user base across different regions.
Conclusion
CoinEx remains a legitimate cryptocurrency exchange with strong technical foundations and institutional support. While its market position has declined from its 2018 peak, it continues to provide reliable trading services with particular strengths in BCH trading pairs. Users should evaluate whether its current offerings meet their specific trading needs while considering more established alternatives for maximum liquidity.
For traders interested in Bitcoin Cash or seeking exchanges with mining industry connections, CoinEx presents a viable option among mid-tier cryptocurrency platforms.