Algebraiex Global Limited (CoinEx)

https://www.coinex.com

CoinEx is a global cryptocurrency exchange founded in December 2017 by Haipo Yang, who also established the ViaBTC mining pool. The company's mission is "Via Blockchain, Making the World a Better Place," reflecting its commitment to leveraging blockchain technology. While initially launched in Hong Kong, CoinEx has since moved its primary headquarters to Seychelles, though it maintains a registered corporate entity in Hong Kong.

The platform offers a comprehensive suite of cryptocurrency trading services, including spot, margin, futures, and copy trading, alongside various earn products and options to buy crypto via fiat or P2P. CoinEx supports over 1,300 cryptocurrencies and more than 1,900 trading pairs, catering to both beginner and institutional traders across over 200 countries and regions. Its ecosystem extends to include the CoinEx Smart Chain (CSC), CoinEx Wallet, CoinEx Vault for secure asset management, and the decentralized swapping platform OneSwap.

Led by founder and CEO Haipo Yang, CoinEx emphasizes user experience, security, and transparency, maintaining a 100% proof-of-reserve model with regular updates. In March 2025, the company underwent a brand upgrade, adopting the slogan "Your Crypto Trading Expert." Recent developments include the introduction of CoinEx Vault in July 2025 and the addition of Real World Assets (RWA) trading support on CoinEx OnChain in March 2026. The exchange experienced a security breach in September 2023, resulting in an estimated $70 million loss, but responded with a compensation plan. In June 2023, CoinEx settled with the New York Attorney General for operating without registration and subsequently exited the U.S. market.

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CID: 2089