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CoinEx at 7: 10 Million Users, $2.23 Billion Daily Volume, and 25% CET Growth

Arslan Butt•Thursday, December 12, 2024•1 min read

CoinEx has hit a big milestone, 7 years in the crypto space and over 10 million users worldwide.

Launched in December 2017 by Haipo Yang, it has become a well known exchange, offering various trading services and tech innovations for both new and old hands.

CoinEx’s user focused approach and its proprietary matching engine has made transactions smooth and safe even during peak hours. The no-KYC trading and robust security has made it more attractive for users who want privacy without sacrificing safety.

Key Features Driving CoinEx’s Success

CoinEx’s rapid growth is anchored in its comprehensive suite of trading options:

  • Trading Pairs: Over 1,000 spot and 254 futures pairs provide traders with extensive liquidity.

  • Daily Trading Volume: Recently, spot trading volumes peaked at $692.95 million, with the XRP/USDT pair alone contributing $115.46 million.

  • Futures Market: CoinEx processed $2.23 billion in futures trades within 24 hours, ensuring liquidity during volatile market conditions.

CoinEx is transparent with Merkle Tree proof-of-reserve technology, a protocol to ensure user funds are safe and auditable. CoinEx also has multilingual support to reach underserved regions and make crypto trading more inclusive.

CET Token: A Testament to CoinEx’s Market Strength

CoinEx’s native token CET is growing. CET price increased 25% in the last 3 months, $0.094 now and 2% up in the last 24 hours. CET has many utilities, staking and fee discount, so it’s a good asset for CoinEx users.

CoinEx’s trading activity and CET’s steady up trend shows the platform’s strength and ability to deliver value during market volatility.

Future Prospects for CoinEx

CoinEx is celebrating but still focused on innovation and growth. With its strong market position, high trading volume and growing user base, CoinEx is a major player in the crypto space. CoinEx will continue to improve and adapt to the market, ready for the future.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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