According to the Cryptocurrency Exchanges Annual Report 2022 published by TokenInsight in January, last year the top 10 centralized exchanges recorded a total trading volume of $40.87 trillion (spot + derivatives), while the figure recorded by the top 10 the leading decentralized exchanges reached $1.33 trillion, representing, on average, 3.15% of the total market. The figures indicate that most cryptocurrency transactions are done on CEX, which are the most popular platforms for buying/selling cryptocurrencies among investors.
CoinEx native token.
The CEX, fiat trading includes two models: C2C trading and B2C trading. On CoinEx , users can directly buy and sell cryptocurrencies with fiat currencies through third-party fiat currency service providers with a suitable price and payment method through the fiat B2C trading model.
Now CoinEx users can buy or sell cryptocurrencies like BTC, ETH, USDT and USDC on the Fiat page with close to 100 fiat currencies. In addition, the platform also supports multiple payment methods for fiat currency deposits and withdrawals, including VISA, Master Card, Apple Pay, Google Pay, Bank Transfer, and SEPA.
Since 2020, CoinEx has enhanced its fiat currency trading services and expanded channels to enable fast and convenient deposits and withdrawals. According to official information, in 2022, CoinEx has partnered with 6 new third-party fiat currency service providers. Currently, the platform supports more than 10 third-party fiat service providers, including MoonPay, Banxa, Guardian, Simplex, Mercuryo, Paxful, XanPool, Advcash, LoopiPay, and Remitano. Notably, CoinEx is the first CEX to collaborate with LoopiPay, which has further expanded the platform’s cryptocurrency deposit/withdrawal channels.
In addition to the expanded deposit and withdrawal channels, CoinEx also launched commission-free campaigns to offer users more discounts when buying or selling cryptocurrencies. Through these events, CoinEx users can buy or sell cryptocurrency commission-free through the designated service provider. At the same time, by hosting joint events with fiat currency service providers, CoinEx introduces more investors to the world of cryptocurrencies with lower costs and greater ease.
By partnering with a growing number of secure and compliant third-party fiat currency service providers, CoinEx provides fiat currency trading services to users in nearly every corner of the world. For example, Simplex and MoonPay are accessible to most users in Europe and the United States; Remitano covers most of the countries in Southeast Asia; users in Australia, the United Kingdom and certain European countries can buy or sell cryptocurrencies through Banxa; LoopiPay is available to users in Brazil. CoinEx users from almost everywhere in the world can now find a suitable fiat currency service provider to easily buy or sell cryptocurrency on CoinEx.
CoinEx users can start trading cryptocurrency for fiat currency by going to the CoinEx website (https://www.coinex.com/) and clicking on [Fiat] on the home page. They then need to select the desired fiat currency to access third-party service providers that support that currency. Then, after completing the trades as per the official instructions, users will be able to buy/sell cryptocurrency with fiat effortlessly.
Expanding the channels to buy/sell cryptocurrencies and making the crypto space more accessible have always been the goals of CoinEx. In 2023, the exchange will partner with more fiat currency service providers and offer more channels to buy/sell cryptocurrency. As it improves its fiat currency deposit/withdrawal services, CoinEx will help users around the world to trade cryptocurrencies with fiat currencies, making cryptocurrency trading easier.
Making cryptocurrency trading easier.
CoinEx is a global and professional platform for exchanging cryptocurrencies and their derivatives. It was founded in December 2017 as part of the ViaBTC Group, which owns one of the largest BTC mining pools in the world. CoinEx supports futures trading, spot trading, margin and swap trading, as well as financial operations; and our services reach global users in more than 200 countries/regions with various languages available, such as Spanish, English, Chinese, Korean, Persian, and more.
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