CoinEx to build Public chain for decentralized trading

 CoinEx announced that it will build a public chain CoinEx Chain (www.coinex.org) for decentralized trading. The website was launched on March 22 and a CoinEx Chain-based decentralized trading platform CoinEx DEX will be online expected in Q4 this year.In last August, CoinEx stood out among many exchanges with the launch of "Trade-driven Mining" (aka. Trans-fee mining), shortly surpassing Binance and BitMex, and became the world's largest trading exchange in terms of 24-hour volume; 6 months after the successful debut, the announcement of CoinEx Chain and DEX has once again triggered the discussion, unveiling CoinEx's ambition in the global market.

Haipo Yang, the founder of CoinEx, shared his vision of CoinEx Chain and CoinEx DEX, "A brand new pattern of ecosystem, a new era of exchanges," Yang explained. "No more centralized drawbacks, users can control the private keys in their own hands, easily create a secured wallet, issue and manage their own tokens, and be freed of the fuss of prolonged listing procedures. Since all operations and account addresses are traceable and positions and transaction data are crystal clear, the only mission for the platform (CoinEx DEX) is to provide efficient and stable wallet and transaction services."

Supported by its strong R&D team, CoinEx exchange has been stably operating for over a year. CoinEx DEX too will continue with its proprietary high-speed matching engine to ensure secondly transaction confirmation and supported a processing capacity of up to 10,000 transactions per second. Comparably, only a few or dozens of transactions can be processed per second in BTC or ETH network. CoinEx DEX empathized that it neither hosts or transfers user assets, nor saves users' private keys - and rather, it only provides efficient and stable wallet and transaction services.

Unlike most centralized exchange services where users have no access to their own private keys, CoinEx DEX allows traders to store assets in their own wallet throughout the transaction process, and they only need to verify signature with private key when placing or canceling an order. Trust becomes unnecessary here - users have unlimited access to and obtain ownership of their asset, even if the exchange is hacked.