press release
PRESS RELEASE. 2022 is an extraordinary year for the crypto 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 collapsed overnight, and the panic continued as the market went through disruptive changes in Q3 and Q4 of the year. As a global crypto exchange, CoinEx is keenly aware that an exchange cannot survive bulls and bears, or achieve any progress, without consistent improvement of products and services.
In 2022, CoinEx amassed 4.5 million registered users, providing services in 15 languages throughout 200+ countries and regions. Meanwhile, CoinEx set new records in terms of trading volume, the number of cryptos listed, product & service improvement, brand promotion and upgrade, charity, and investment in the last year.
New Milestones: Record-Breaking Trading Volume and New Listings
CoinEx keeps exploring outstanding, innovative crypto projects, and has now supported 600+ cryptos in 1,000+ trading markets, reaching an industrial top level in crypto listing. In 2022, the cumulative Spot and Futures trading volume on CoinEx reached $243.3 billion, and the daily trading volume reached $2.3 billion. As for value-added services, the highest average daily APY in AMM market peaked at 96.08%. During the year, CoinEx has saved over $4.22 million in trading fees for all VIP users, via fee discounts and CET deductions.
This year, we have taken the application scenario and value of CET, the native token on CoinEx Exchange and CoinEx Smart Chain, to the next level: Adhering to the CET value agreement, CoinEx continues to implement the daily repurchase and monthly destruction policies, and has cumulatively repurchased and burnt more than 660 million CET, worthy of $30 million USD.
100% Reserve: Proof of Reserve via “Merkle Tree” Audit Method
In December 2022, as the crypto market encountered a series of turmoil and trust crises, CoinEx responded quickly and launched “Merkle Tree” audit method as Proof of Reserve, becoming one of the earliest crypto trading platforms to disclose proof of reserve. CoinEx has always adhered to the bottom line and practiced to maintain a 100% reserve ratio. CoinEx will never use users’ assets for other purposes for any reason, and 100% guarantees withdrawals, adhering to the principles of security and transparency.
The support of “Proof of Reserve” not only reassures CoinEx users, but also adds a…
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