Press release
PRESS RELEASE. 2022 is an extraordinary year for the cryptocurrency industry, and it is also a year of struggle for both institutions and users. For CoinEx, 2022 was also a special year: quite a few crypto platforms crashed overnight, and panic continued as the market went through disruptive changes in the third and fourth quarters of the year. As a global crypto exchange, CoinEx is well aware that an exchange cannot survive bulls and bears, or make any progress, without constant improvement of products and services.
In 2022, CoinEx amassed 4.5 million registered users, providing services in 15 languages in more than 200 countries and regions. Meanwhile, CoinEx set new records in terms of trading volume, number of cryptocurrencies listed, product and service improvement, promotion and branding, charity, and investment in the past year.
New milestones: record trading volume and new listings
CoinEx continues to explore innovative and outstanding crypto projects, and has now supported more than 600 cryptos in more than 1000 trading markets, reaching an industry top level on the crypto list. In 2022, cumulative spot and futures trading volume on CoinEx reached $243.3 billion, and daily trading volume reached $2.3 billion. As for value-added services, the highest average daily APY in the AMM market peaked at 96.08%. Over the year, CoinEx has saved over $4.22 million in trading fees for all VIP users, through fee discounts and CET deductions.
This year, we have taken the application scenario and value of CET, the native token on the CoinEx Exchange and CoinEx Smart Chain, to the next level: by adhering to the CET value agreement, CoinEx continues to implement the daily repurchase and monthly destruction policies , and has cumulatively repurchased and burned over 660 million CET, worth $30 million USD.
100% Reserve: Proof of Reserve through the “Merkle Tree” Audit Method
In December 2022, when the crypto market faced a series of turmoil and crises of confidence, CoinEx responded quickly and launched the “Merkle Tree” audit method as a proof of reserve, becoming one of the first crypto trading platforms to disclose the proof of booking. CoinEx has always adhered to the bottom line and practiced to maintain a 100% booking rate. CoinEx will never use user assets for other purposes for any reason, and guarantees 100% withdrawals, respecting the principles of security and transparency.
Support for “Proof of Reserve” not only puts CoinEx users at ease, but also adds a transparent and secure shield to user assets. Over the past 5 years, CoinEx has maintained a record of zero accidents and has built an extremely stable system protected by comprehensive measures, safeguarding all user assets.
Serial integrationyes: Continuous improvement of products and services
CoinEx has accumulated more than 100 rounds of product optimization and service updates throughout the year, covering three main aspects: new services, new experiences, and new updates:
- New services
In 2022, CoinEx launched exclusive features such as Swap Trading, Dock, Tradeboard, Voucher Center, etc., allowing users to exchange crypto with great flexibility and offering users a versatile range of attractive giveaway events with a user experience fluid.
- New experiences
In 2022, to provide completely new trading experiences, CoinEx restructured and upgraded a number of functions, including spot trading, financial service, AMM service, deposit and withdrawal services, asset management, VIP membership, CoinEx Ambassador, Help Center , etc. website updates and flexible account structure and technology framework adjustments, CoinEx also implemented quite a few new features, including Ambassador Referrer, Multiple Approval Withdrawal, dynamic adjustment of margin interest rates and more. With these new features, users can try more cryptocurrency highlights and receive more incentives from CoinEx.
- New updates
In 2022, CoinEx released new updates on the market overview, contract data, new quotes, and Fiat services. In particular, the market overview and contract data have helped users keep up with real-time market changes on CoinEx and make smarter investment decisions. As more and more fiat service providers join CoinEx, we have also organized quite a few free promotions to enhance the fiat trading experience.
New slogan: stepping up brand promotion
In April 2022, CoinEx renamed and redefined our tagline to “Make Cryptocurrency Trading Easy” with the goal of breaking free from traditional financial shackles and making the cryptocurrency market more accessible. In addition, CoinEx would like to provide all users with easy-to-use crypto products and convenient services, and work as an important gateway for global cryptocurrency enthusiasts to the world of cryptocurrencies.
Over the past year, CoinEx amassed over a million followers across all social media platforms. Hosted and invited by 27 blockchain events, CoinEx has spent nearly $1 million sponsoring 31 international competitions and events covering more than 200 countries and regions, including the 2022 Rugby League World Cup.
Additionally, CoinEx was reported over 13,000 times by global media outlets, influencing over 100 countries and regions, and was named among the Top 7 Fastest-Growing Financial Services Brands by SimilarWeb.
Charity and capital: humanitarian assistance and world-class investment projects
Under the guidance of “Via Blockchain, Making the World a Better Place”, CoinEx Charity, a non-profit organization, was founded by CoinEx Exchange in 2022. After the founding of the Multi-Million-Dollar Charity Fund, CoinEx Charity became focuses on helping the vulnerable and is active in charitable activities in all fields, committed to humanitarian aid, development, education, poverty alleviation, emergency aid, free healthcare, etc. Working with other charities and governments in 31 rural areas around the world, CoinEx has made 32 donations, helping more than 30,000 people in need.
In 2022, ViaBTC Capital invested in a total of 12 quality projects throughout the year, focusing on supporting and incubating 8 projects, mainly in Web 3.0, Layer 2 and DApps that mix DeFi, NFT or DAO. As of December 2022, ViaBTC Capital has invested in funds including Pantera Capital, IOSG Ventures, and Shima Capital, created more than 50 investment partnerships and networks, and attended more than 20 blockchain AMA sessions and conferences.
ViaBTC Capital: Cryptocurrency Industry 2022 Review & 2023 Forecast >>
In addition to user growth, premium crypto assets, and product and service upgrades, CoinEx also strove to build a global presence and strive for industry progress. Over the years, CoinEx has been working hard to make crypto products easy and accessible to everyone. In the past 12 months, CoinEx has impressed the market with excellent performance through strong efforts.
In 2023, CoinEx will remain dedicated to our original motivations, continue to refine products and services, and forge ahead to make the blockchain world a better place.
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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