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Is COINEX a good cryptocurrency exchange?

CoinEx is a reputable Hong-Kong-based cryptocurrency exchange ideated and founded by Haipo Yang — an early bitcoin investor. The exchange came to the fore in 2017 and is a part of the ViaBTC group that also handles the ViaBTC mining pool. The past 6 years at CoinEx have been filled with highs and challenges. Together, we've overcome many obstacles.

What is COINEX & how does it work?

CoinEx is a Hong Kong-based virtual currency trading platform that allows investors to buy and sell cryptocurrency through its website and mobile app. New York law requires securities and commodities brokers to register with the state, which CoinEx failed to do.

Is COINEX banned in New York?

As part of today’s consent order, CoinEx is banned from offering, selling, or purchasing securities and commodities in New York and is prohibited from making its platform available in the state. In response to Attorney General James’ lawsuit, CoinEx publicly announced that it would withdraw its platform and services from the United States.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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