User:Satoshi777/sandbox/Coinfoex

Coinfoex is a U.S. registered cryptocurrency exchange that provides a trading platform, which was established in 2016. As of April 2021, Coinfoex services covers more than160 cities in the world,with 89 million + users sharing finance.

History

2017 On April 11, 2017 the company announced its expansion to HongKong, given the area's efforts to provide a sound regulatory framework for blockchain businesses and digital asset exchanges.

2018 According to Reuters, in February 2018 CoinfoEx saw their biggest trading volume in history, up 26% from the previous month to $8 billion. Typically after a new cryptocurrency coin listing on CoinfoEx, the new coin has showed a positive price jump five days later.

2019 In November 2019, new digital asset exchange rules were announced by the Hong Kong Securities & Futures Commission (SFC). According to Reuters, CoinfoEx said that they don't expect to see a large number of exchanges opting into the new regulations but said the new rules are positive for the industry.

2020 In February 2020, CoinfoEx announced that its platform's cryptocurrency options business will begin testing. It is cooperating with Binance to develop a blockchain and will develop a decentralized exchange (DEX) based on it in the future

2021 In January 2021, CoinfoEx announced that it had cooperated with five platforms, Chainlink, Avalanche, Terra, Aave, and Uniswap, to provide them with liquidity mining through BTC, ETH and USDT. Users who purchase these five platforms will circulate funds to these DeFi platforms through CoinfoEx and receive liquidity mining benefits.