CoinEx is a fully regulated cryptocurrency exchange under the Estonian laws. The license, which has already taken effect since November 2019, enables CoinEx to provide services of exchanging a virtual currency against a fiat currency, as well as a virtual currency wallet service.
“We are very delighted to be granted the license, as it is a milestone and marks the next step of our development,” said Haipo Yang, CEO of CoinEx. “We always stay committed to building trust and reducing potential risks. The license makes us stand out in the industry, and we will continue to provide a secured and transparent trading environment to our users globally. They are dealing with an international and regulated exchange.”
As one of the most developed countries in the EU, Estonia has a very friendly and positive stance on cryptocurrency and blockchain technology. Being granted the license will further boost CoinEx’s presence in regulated markets. It also paves the way for CoinEx’s global expansion and to obtain further licenses in other countries.
CoinEx supports a wide range of trading services, and is known for some distinct advantages such as fast transactions, world-class security and safety of funds. It also just extended its service to the iOS platform, with CoinEx iOS application now successfully listed on the Apple app store.