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 transparent, secure shield to user assets. In the last 5 years, CoinEx has maintained a zero-accident record and built an extremely stable system protected by comprehensive measures, safe-guarding all user assets.
Serial Integrations: Continuous Product & Service Perfection
CoinEx has accumulated 100+ rounds of product optimization and service upgrades throughout the year, covering three major aspects: New services, New experiences, and New upgrades:
- New services
In 2022, CoinEx launched exclusive features such as Swap Trading, Dock, Tradeboard, Voucher Center, etc., allowing users to swap cryptos with great flexibility, and offering users a versatile range of appealing giveaway events with a smooth user experience.
- New experiences
In 2022, to provide all-new trading experiences, CoinEx restructured and upgraded a series of functions, including Spot trading, Financial service, AMM service, deposit and withdrawal services, asset management, VIP membership, CoinEx Ambassador, Help Center, etc. Via webpage upgrades and flexible adjustments of the account structure and tech framework, CoinEx also rolled out quite a few new features, including Ambassador Referrers, Withdrawal Multi-Approval, dynamic adjustment of Margin interest rates and more. With these new features, users can try out more crypto highlights and receive more incentives from CoinEx.
- New upgrades
In 2022, CoinEx launched new upgrades in market overview, contract data, new listing, and Fiat services. In particular, market overview and contract data have helped users keep up with the real-time market changes on CoinEx, and make smarter investment decisions. As more and more fiat service providers join CoinEx, we have also hosted quite a few 0-fee promotions to improve the Fiat trading experience.
New Slogan: Stepping up With Branding Promotion
In April 2022, CoinEx rebranded and redefined our slogan to “Making Crypto Trading Easier”, aiming to break free from the traditional financial shackles and make the crypto market more accessible. Moreover, CoinEx would like to provide all users with easy-to-use crypto products and convenient services, and work as a major gateway for global crypto enthusiasts to the crypto world.
Over the past year, CoinEx has accumulated over one million followers across all social media platforms. Welcomed and invited by 27 blockchain events, CoinEx has spent nearly $1 million sponsoring 31 international competitions and events covering over 200 countries and regions, including the 2022 Rugby League World Cup.
What’s more, CoinEx was reported over 13,000 times by global media, influencing over 100 countries and regions, and was nominated in Top 7 Fastest Growing Brands in Financial Services by SimilarWeb.
Charity and Capital: Humanitarian Assistance and First-rate Project Investment
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 foundation of the Multi-Million-Dollar Charity Fund, CoinEx Charity focuses on helping the vulnerable and is actively involved in charitable activities of all fields, committed to humanitarian relief, development, education, poverty alleviation, emergency relief, free medical care, etc. Working with other charities and governments in 31 rural areas around the world, CoinEx has carried out 32 donations, helping 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 combine DeFi, NFT or DAO. As of December 2022, ViaBTC Capital has invested in funds including Pantera Capital, IOSG Ventures, and Shima Capital, built over 50 investment partnerships and networks, and attended more than 20 blockchain AMA sessions and conferences.
ViaBTC Capital: 2022 Review and 2023 Forecast in Crypto Industry >>
In addition to user growth, premium crypto assets, and product & service upgrades, CoinEx also endeavored 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 all. In the last 12 months, CoinEx has impressed the market with excellent performance through solid efforts.
In 2023, CoinEx will remain devoted to our original motivations, keep perfecting products & 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 actions 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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