CoinEx

CoinEx operates as a cryptocurrency exchange that provides spot trading, futures contracts, margin trading, and staking services for a wide range of digital assets. The platform supports major cryptocurrencies such as Bitcoin, Ethereum, TRON, and Polygon, as well as numerous altcoins, and it issues its own utility token, CET, which can be used for fee discounts and other platform benefits. CoinEx serves users from various jurisdictions, offering a web‑based interface and mobile applications to facilitate trading and asset management. The exchange emphasizes liquidity and aims to deliver a seamless trading experience for both retail and institutional participants. CoinEx was launched in 2017 and has since expanded its product suite to include futures and staking services.

The exchange’s headquarters is located in New Zealand, as indicated in the organisational context. In September 2023 CoinEx experienced a security breach in which attackers withdrew approximately $31 million worth of Ethereum, TRON, and Polygon assets from several hot wallets. Following the incident, CoinEx publicly confirmed the hack, suspended affected services, and committed to fully compensating impacted users. The company also reported that it isolated the attacker’s wallet addresses and noted that the stolen amount represented only a small fraction of its total holdings. This response highlights CoinEx’s focus on security incident management and its commitment to user protection.