CoinEx Market, or CoinExMarket.io, is an online cryptocurrency exchange that promises to offer advanced security and features. Find out how it works today in our review.
What Is CoinEx Market?
CoinEx Market is a cryptocurrency trading platform that promises to offer advanced security and advanced trading – including the trading of derivatives. CoinEx Market offers a suite of order types that will be processed using the platforms “certified matching engine [that] is capable of processing orders very fast.”
CoinEx Market refers to itself as CEX. That’s a big problem: there’s already a major exchange called CEX, found online at CEX.io. That’s a legitimate and highly popular exchange with years of history. It’s consistently in the top 50 or so exchanges by 24h trading volume. CoinEx Market, which calls itself CEX, has no affiliation with CEX.io whatsoever. Don’t get the two confused.
There’s also a separate exchange called CoinEx, which doesn’t appear to be affiliated with CoinEx Market in any way. CoinEx Market is a brand new cryptocurrency exchange purportedly based in London.
CoinEx Market is available to download from the Google Play Store. An iOS app is listed as coming soon.
How Does CoinEx Market Work?
CoinEx Market claims to use advanced technologies like GSLB, distributed server clusters, distributed storage, and a “high-speed memory-based trading engine” to facilitate cryptocurrency trading. Trading is backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
CoinEx Market also emphasizes high security, high speed, and 24/7 availability. The website is filled with buzzwords and phrases like “high speed”, “trade confidently”, “superior technology”, and “advanced orders”.
The platform has its own native token called CEX.
Aside from this basic information, we have limited information about how CoinEx Market works or what makes it different from the hundreds of other cryptocurrency exchanges available online. There is, however, an Android app that you can download to start trading today.
Who’s Behind CoinEx Market?
CoinEx Market claims to have been founded by former employees at Alibaba, Tencent, and Huawei.
The company also claims to have attracted millions of dollars in angel investments from VenturesLab, although we can’t find much evidence of this. CoinEx Market also claims to be based in London, UK, although they don’t list an address or any type of contact information. We also can’t find much information about people involved with the company – like any specific names or positions.
CoinEx Market Fees
CoinEx Market charges fees of 0.1% for makers and 0.15% for takers, although traders will pay 0% fees when making or taking offers for the platform’s native CEX Coins.
CoinEx Market Conclusion
There’s an existing cryptocurrency exchange called CoinEx, found online at CoinEx.com. There’s also an existing exchange called CEX, found online at CEX.io. Now, to confuse things even further, we have an exchange called CoinEx Market that refers to itself as CEX, but is found online at CoinExMarket.io. The exchange does not appear to be currently available, and it’s not listed on CoinMarketCap and other major aggregator sources.
Ultimately, CoinEx Market may be in the beginning stages of launch – so we can forgive it for being rough around the edges. Nevertheless, you can learn more about the platform by visiting online today at CoinExMarket.io.