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CoinEx

From Wikipedia, the free encyclopedia
Global cryptocurrency exchange
CoinEx
Company typePrivate
IndustryCryptocurrency exchange
Founded2017
FounderViaBTC
Area served
Worldwide
ServicesCryptocurrency trading, blockchain services
Websitewww.coinex.com

CoinEx is a globalcryptocurrency exchange founded in 2017 byblockchainmining pool ViaBTC. It lists cryptocurrencies for trading and issues the CoinEx Token (CET), used on the platform for fee discounts, staking, and governance.[1]

History

[edit]

CoinEx launched in 2017 as part of the ViaBTC Group, which was among early blockchain companies to publish proof-of-reserves.[2]

FollowingChina's 2021 ban on cryptocurrency activities, CoinEx withdrew from the mainland market.[3]

Products and services

[edit]

In July 2025, it introduced CoinEx Vault, a self-custodial cold wallet for individuals and institutions, audited by firms including SlowMist.[4]

CET is used on the platform for trading fee reductions and governance, and follows a deflationary token burn model.[1]

Market research

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In August 2025, CoinEx Research issued a report on theU.S. GENIUS Act, noting market capitalization growth, Bitcoin price increases, and Ethereum gains.[2]

Philanthropy

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CoinEx Charity, founded in 2022, has supported projects in education, healthcare, disaster relief, and infrastructure.[5] In June 2023, CoinEx launched a programme acrossAsia andAfrica to provide scholarships and learning materials for children in need.[6] Its Starlink Initiative installs satellite internet in underserved areas across multiple regions.[5] In March 2025, it providedBenin's National Water Institute withStarlink internet access.[7]

Sponsorships and events

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In February 2025, CoinEx participated in "Pasigarbo 2025" atHoly Name University in the Philippines.[8] In March 2025, it sponsored theNational Chess Federation of the Philippines Championships and partnered withAnichess.[9][10]

Controversies

[edit]

In February 2023, theNew York Attorney GeneralLetitia James sued CoinEx for failing to register as a securities and commodities broker-dealer under theMartin Act.[11] The complaint alleged fraudulent practices and cited four tokens it considered securities.[12] The matter was resolved in June 2023 through a settlement in which CoinEx agreed to discontinue its services in the United States and enhance compliance measures.[13][14]

2023 security breach

[edit]

On 12 September 2023, CoinEx reported abreach in which over US$70 million in cryptocurrency was stolen fromhot wallets.[15][16] Analysts including CertiK andElliptic linked the attack to theLazarus Group.[17] CoinEx said it would compensate affected users and develop a new wallet system.[15]

Awards

[edit]
  • Most Professional Cryptocurrency Exchange Global 2025World Business Outlook[18]
  • Best Crypto Trading Platform Global 2025World Business Outlook[18]

References

[edit]
  1. ^ab"CoinEx Token (CET) – The Exchange Token in 2025".CoinSpeaker. Retrieved28 October 2025.
  2. ^ab"CoinEx Research July 2025 Report: GENIUS Signed Bitcoin ReACTs".GlobeNewswire. 7 August 2025. Retrieved28 October 2025.
  3. ^Kirimi, Arnold (29 October 2021)."Huobi closes crypto derivatives as part of wind-down for Chinese traders".Cointelegraph. Retrieved2 November 2025.
  4. ^"Stronger Security, Smarter Custody: CoinEx Launches CoinEx Vault".The Laotian Times. 18 July 2025. Retrieved5 November 2025.
  5. ^ab"CoinEx Global Fulfills CSR Commitment Through Charity Starlink Program in Sukamakmur and Sukajaya Villages".GlobeNewswire. 24 March 2025. Retrieved31 October 2025.
  6. ^"Give Wings to Dreams: CoinEx Charity Launches Grant for Fulfilling Dreams".Bitcoin News. 1 June 2023. Retrieved6 November 2025.
  7. ^"CoinEx Charity Powers Up Benin's National Water Institute with Free Starlink Internet".Tech Africa News. 14 April 2025. Retrieved31 October 2025.
  8. ^"CoinEx Participates in Pasigarbo 2025 in Bohol".BitPinas. Retrieved2 November 2025.
  9. ^"CoinEx Sponsors National Chess Championships in the Philippines".The Laotian Times. 6 March 2025. Retrieved2 November 2025.
  10. ^"CoinEx Sponsors National Chess Event That Would Send Filipinos to Asia-Wide Tournament, Partners with Anichess".BitPinas. Retrieved2 November 2025.
  11. ^Coghlan, Jesse (2023-02-23)."CoinEx crypto exchange sued by New York for failing to register with state".Cointelegraph. Retrieved31 October 2025.
  12. ^Kaaru, Steve (19 June 2023)."CoinEx exchange settles for $1.7M with NYAG, exits US".CoinGeek. Retrieved31 October 2025.
  13. ^Vanderford, Richard (2023-06-15)."CoinEx to Wind Down U.S. Operations After Settling New York Lawsuit".The Wall Street Journal. Retrieved6 November 2025.
  14. ^Stempel, Jonathan (15 June 2023)."CoinEx accepts New York ban, to pay $1.8 mln to resolve attorney general lawsuit".Reuters. Retrieved6 November 2025.
  15. ^abJenkinson, Gareth (2023-09-19)."CoinEx: Compromised private keys behind $70M hack".Cointelegraph. Retrieved28 October 2025.
  16. ^Howcroft, Elizabeth; Satter, Raphael (2023-09-15)."Blockchain analysts suspect N. Korea-linked hackers behind $70 mln crypto theft".Reuters. Retrieved28 October 2025.
  17. ^Lakshmanan, Ravie (2023-09-17)."North Korea's Lazarus Group Suspected in $240 Million Crypto Heist Spree".The Hacker News. Retrieved13 August 2025.
  18. ^ab"CoinEx Wins Two Prestigious Global Awards from World Business Outlook".GlobeNewswire. 25 March 2025. Retrieved4 November 2025.
Active
Defunct
Technology
Consensus mechanisms
Proof of work currencies
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Ethash-based
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Other
Proof of stake currencies
ERC-20 tokens
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