In the fast-changing cryptocurrency market, competition is growing and becoming more severe. As Winston Churchill once said, “Success is not final, failure is not fatal: what counts is the courage to continue.” It is with this courage that CoinEx pursues its strategy and mission, despite the many challenges of the crypto world.
Over these seven years, CoinEx has been relentlessly pursuing excellence, evolving from an unknown exchange into a trusted global cryptocurrency trading platform, covering various ecological segments, including CoinEx Wallet, CoinEx Smart Chain, CoinEx Explorer, and the non-profit blockchain charity CoinEx Charity, thus creating a diversified development ecosystem. To celebrate this significant milestone, the crypto exchange team recorded a video reviewing the 7th anniversary , which tells about our path and achievements.
Since its founding in 2017, CoinEx has weathered many storms, responding to an ever-changing market environment, rapid technological advancements, and rising competitors. For seven years, CoinEx has stood as a resilient giant, constantly adapting to market changes and adjusting its pace.
Over the years, CoinEx has undergone significant transformations. Advancing technological advancements and introducing international operating strategies and product services, each transformation has come with challenges and opportunities. Guided by the mission of “Making the World a Better Place with Blockchain,” CoinEx has evolved from its initial research, gradually adapting to changing market demands. Having gone through various challenges and transformative experiences, CoinEx has reached a stage where it can independently thrive and soar.
Over these remarkable seven years, CoinEx has made notable achievements in areas such as user base, technical strength, and market impact, thanks to its robust and stable security infrastructure, product suite, and diverse range of quality assets. Looking back, every key milestone and achievement over these seven years has contributed to building the credibility that CoinEx has today.
2017-2019: Improvement and growth
At the end of 2017, when the price of Bitcoin exceeded $10,000, the cryptocurrency market experienced an explosive growth. CoinEx was founded at this historic moment, fueled by the idea of “Becoming the infrastructure of the blockchain world.” Its team set out on a journey, actively researching new products for cryptocurrency trading and building a solid foundation to become a globally recognized exchange.
The sudden onset of the crypto winter from 2018 to 2019 was a stark contrast to the boom of 2017. During this period, market sentiment deteriorated sharply, trading volumes plummeted, and many exchanges faced serious problems. In response, CoinEx launched a series of products, such as token CET platform and the cryptocurrency wallet CoinEx Wallet, bravely overcoming difficulties and continuing research. Thanks to these products, CoinEx quickly became the leader in global trading volumes among similar platforms, becoming one of the exchanges with the widest global coverage.
2020–2022: Innovation and Transformation
During this period, the cryptocurrency market recovered, but was soon followed by significant declines. At the same time, many new areas emerged in the blockchain technology and crypto space, marking the beginning of an era full of opportunities and challenges. Driven by technology and stimulating creativity, CoinEx built a solid foundation and began to gain momentum. Adhering to the brand philosophy of “user first”, CoinEx expanded its ecosystem comprehensively and seized the momentum to take a leading position in the international cryptocurrency market.
Taking advantage of the cryptocurrency market recovery trend, the CoinEx team has transformed its thinking, expanded its horizons, and taken many initiatives. It has successfully established the CoinEx Smart Chain public chain ecosystem with advanced blockchain technology, and has engaged in public welfare by establishing a $10 million charitable foundation and forming CoinEx Charity, which has further enriched the CoinEx ecosystem.
In addition, CoinEx has rapidly expanded into global markets by launching the Global Ambassador program and becoming the official partner of the Rugby World Cup (RLWC 2021), rebuilding its international operational strategy and presence in international markets. By establishing localized professional services, CoinEx has expanded its influence on a global scale, achieving rapid growth in both brand awareness and user base.
Technological advancement has been a major driving force behind the company’s transformation. Operating in the volatile cryptocurrency market, CoinEx has continually updated its products and services. The platform has responded flexibly to market changes and has ultimately transformed into a diversified crypto ecosystem.
2023-present: sustainability and takeoff
Over the past few years, the cryptocurrency market has faced regulatory challenges and also witnessed a recovery that has seen the price of Bitcoin reach new heights. This period has been marked by both growth and challenges. After much testing and improvement, CoinEx has remained true to its principles, and by integrating innovations into its products, the price of the exchange token CET has steadily increased, surpassing $0,1 this year and reaching a new three-year high. The total market value of the tokens burned reached $7.
As trading operations evolved, CoinEx accelerated product iterations, achieving over 150 updates in just two years, and introduced new products including CoinEx Staking, CoinEx Mining, PreToken Trading, and P2P, continually enriching its trading product line. The platform currently supports over 1200 trading currencies and over 1800 trading markets to meet the diverse investment needs of users and provide a wider range of specialized services for global users.
CoinEx has always prioritized the security of users' funds. By identifying and assessing risks, CoinEx has developed comprehensive measures including reserve verification, asset security systems, user protection funds, and user security education. Since its establishment, CoinEx has consistently built a shield for its users by continually upgrading its security systems to enhance trust and satisfaction in cryptocurrency trading worldwide.
Strengthening core business capabilities has accelerated CoinEx’s global expansion. Adopting a “stabilize while accelerating” strategy, CoinEx has been actively and carefully promoting its international business strategy through initiatives such as a global brokerage program, KOL growth plan, and multilingual services. CoinEx has also participated as a sponsor in numerous renowned industry conferences and forums, including TOKEN 2049 Bitcoin 2023, Taipei Blockchain Week 2023 and GM Vietnam, enhancing the global influence of its brand. By 2024, CoinEx will support 18 language markets, serve more than 200 countries and regions, and 2000 global communities, with the number of registered users exceeding 10 million.
CoinEx does not only focus on short-term breakthroughs, but also emphasizes long-term sustainable development, including user education and corporate social responsibility to enhance brand competitiveness and improve its image. On the one hand, CoinEx has built a comprehensive educational system on its platform by launching modules such as CoinEx Insight, CoinEx Academy, and CoinEx Feed. With more than 2500 educational materials related to trading, the platform supports users in their learning and knowledge expansion, improving user experience.
CoinEx Charity, a subsidiary of CoinEx, has been continuously engaged in charitable work around the world for many years. This work covers more than 300 social welfare initiatives, including poverty alleviation, educational support, disaster relief, and animal protection. The organization has donated more than $500,000, directly helping 60 people and benefiting 000 families. These steps implement the company's social responsibility and provide valuable support for the development of local charitable initiatives.
Users, products, services, security, technology - all this brings additional vitality to the flight of CoinEx, encouraging us to set off on a new journey.
Seven years of observation: the heart remembers everything
Over the past seven years Bitcoin has undergone dramatic changes, from obscurity to reaching unprecedented heights. Many exchanges took advantage of the unpredictability of the early stages, some grew into real giants, while others were quickly forgotten in the competitive crypto industry. In just seven years, the global crypto industry has faced numerous problems and difficulties. Success is a game for those who fight to the end.
The successes achieved over the past seven years have written a glorious chapter of CoinEx perseverance. To this day, CoinEx continues to pursue its original intention in the rapidly changing world of cryptocurrencies, keeping in mind its mission “to make the world a better place with blockchain” to face future challenges with honor.
About CoinEx
Founded in 2017, CoinEx is a global cryptocurrency exchange that aims to make trading easier. The platform provides a range of services including spot and futures trading, margin trading, swaps, automated market maker (AMM), and money management services to over 10 million users in over 200 countries and regions. Since its inception, CoinEx has been committed to the service principle of “user first”. With a sincere intention to create a fair and safe environment for cryptocurrency trading, CoinEx allows people of all experience levels to easily access the world of cryptocurrency by offering easy-to-use products.
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