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CoinEx, the global cryptocurrency exchange serving over two hundred (200) countries and regions of the world, introduced a new feature called the Proof of Reserve which aims to ensure greater transparency and security in the operations of CoinEx.

Here's everything you need to know about this revolutionary new system.

What is Proof of Reserve?
Proof of Reserve is a system that allows CoinEx to prove that it holds enough reserves to cover all the assets it claims to have. This is important because it helps to prevent situations where an exchange claims to hold more assets than it actually has. Proof of Reserve provides transparency to users and investors, giving them confidence in the exchange's operations.

How does Proof of Reserve work?
In CoinEx, we use the "Merkle Tree" as an audit method to prove that the platform maintains a 100% reserve rate.
Proof of Reserve works by generating a unique, verifiable code that represents the exchange's total assets. This code is then made public, allowing anyone to check that the exchange's claimed assets match the code. If the code matches, it means that the exchange has enough reserves to cover its liabilities.

CoinEx has implemented Proof of Reserve in a way that ensures security and privacy. The exchange's total assets are encrypted and stored in a cold wallet that is not connected to the internet. The encrypted assets are then used to generate the verification code, which is published publicly.

In essence, this methodology requires three key steps for verification:
1. CoinEx uses "Merkle Tree" as a data structure to encrypt user assets and publish the total assets of all users at the same time.
2. CoinEx displays the total assets of all on-chain wallet addresses and wallets held by the platform.
3. By comparing the total assets of all users with the total assets of all on-chain addresses on CoinEx, users can verify the asset reserve rate of CoinEx.

When the total on-chain assets on CoinEx are greater than or equal to the total assets of the user, it proves that CoinEx maintains a 100% reserve rate.

Why is Proof of Reserve important?
Proof of Reserve is important because it helps to prevent situations where an exchange engages in fraudulent or deceptive practices. In recent years, there have been several high-profile cases where cryptocurrency exchanges have claimed to hold more assets than they actually have. This has led to losses for users and investors, as well as damage to the reputation of the cryptocurrency industry as a whole.
Proof of Reserve provides a way to prevent such situations from occurring. By allowing anyone to verify the exchange's claimed assets, it provides transparency and accountability. This, in turn, helps to build trust and confidence in the exchange's operations.
What are the benefits of Proof of Reserve for users and investors?

Proof of Reserve has several benefits for users and investors. First and foremost, it provides greater security and transparency. Users and investors can be confident that the exchange actually holds the assets it claims to hold. This reduces the risk of losses due to fraudulent or deceptive practices.

Proof of Reserve also helps to build trust and confidence in the exchange. By providing transparency and accountability, it shows that CoinEx is committed to ethical and responsible practices. This has attracted and will continue to attract more users and investors to the exchange, leading to increased liquidity and trading volume.

Finally, Proof of Reserve has helped to promote the wider adoption of cryptocurrency. Providing greater security and transparency, CoinEx has helped to overcome some of the barriers to entry that currently exist for many people.

Conclusion
Proof of Reserve is a groundbreaking new system that provides greater transparency and security in cryptocurrency exchanges. CoinEx's implementation of this system is a welcome development that has helped to build more trust and confidence in the cryptocurrency industry. If you are a user or investor in cryptocurrency, it is essential to choose an exchange that is transparent and accountable. CoinEx's Proof of Reserve provides exactly that. Learn more about this revolutionary system here and start trading with confidence today.

CoinEx has become the go-to platform for cryptocurrency enthusiasts who are looking for a secure and reliable way to trade digital assets.
If are yet to sign up, here is why you should start exploring the crypto world with CoinEx.

Introduction
With the increasing popularity of cryptocurrency, there are now thousands of different digital assets available to trade. However, not all cryptocurrency exchanges are created equal. Some are unreliable, while others lack the security and transparency needed to protect investors. That's where CoinEx comes in.

What is CoinEx?
CoinEx is a global cryptocurrency exchange that was founded in 2017. Since then, it has grown to become one of the most popular and trusted exchanges in the world with partners from around the world.

Why choose CoinEx?
There are several reasons why CoinEx is the perfect platform for exploring the world of cryptocurrency. Here are just a few:

1. Security: CoinEx uses state-of-the-art security measures to protect its users' funds. The cryptocurrency exchange stores the majority of its assets in cold storage, which means they are not connected to the internet and are therefore less vulnerable to hacking attacks.
2. Transparency: CoinEx is committed to transparency and accountability. The cryptocurrency exchange regularly publishes audits and reports that detail its financial standing and the security measures it has in place. This is to ensure that the exchange and its users are on the same page.
3. User-friendly interface: CoinEx's interface is easy to use and navigate, making it simple for beginners to get started in the world of cryptocurrency trading.
4. Wide selection of digital assets: [/b]CoinEx offers a wide range of digital assets, including Bitcoin, Ethereum, Litecoin, and many others. This means that users can trade a variety of different assets all on one platform.
[b]5. Team of Well-Experienced Experts: One spectacular fact that makes CoinEx stand out in the cryptocurrency industry is its team policy which guarantees the continuous advancement and development of every member of the CoinEx team ensuring that they are well-experienced and actively contributes to the growth of the platform for the advantage of its users.

CoinEx has already helped many traders to explore the world of cryptocurrency. For example, one user named Diego was hesitant to invest in cryptocurrency due to security concerns. However, after doing some research, he found that CoinEx was one of the most secure and transparent exchanges in the industry. He decided to give it a try and has since become a regular user of CoinEx.

Another user, Sarah, was overwhelmed by the sheer number of digital assets available on different exchanges. However, she found that CoinEx had a wide selection of assets, making it easy for her to diversify her portfolio.

Conclusion
If you are interested in exploring the world of cryptocurrency, CoinEx is the perfect platform to get started. Its commitment to security, transparency, and user-friendliness offers everything you need to trade digital assets with confidence.

Sign up for CoinEx today and start exploring the exciting world of cryptocurrency trading.

Experience the Revolutionizing Features of the Leading Cryptocurrency Exchange in the World.

CoinEx, the leading cryptocurrency exchange platform in the world, has been making lots of waves in the industry with its user-friendly platform and advanced trading features that make cryptocurrency trading easier for its users.
Founded in December 2017, CoinEx has quickly and consistently gained the trust of traders as it has established itself as the leading cryptocurrency exchange in the world, with over one hundred (100) cryptocurrencies available for trading on the platform.

User-Friendly and Advanced Trading Features
The platform's simple and intuitive interface has been praised by both beginners and experienced traders, making it very easy for users to navigate the volatile world of cryptocurrencies even as the platform also offers a wide range of advanced trading features, including limit orders, stop-loss orders, and market orders, to help traders manage their risk effectively.

In addition to these features, CoinEx now provides spot trading, perpetual contracts, margin trading, mining, AMM, and other trading functions to users.

High Liquidity
With a large user base providing sufficient liquidity for cryptocurrencies on its platform, CoinEx's high liquidity ensures that traders can buy and sell cryptocurrencies at competitive prices at any time.

Multiple Deposit and Withdrawal Options
Furthermore, CoinEx supports multiple deposit and withdrawal options, including fiat currencies such as USD, EUR, and HKD, and popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and so many more. This provides traders with greater flexibility and convenience when managing their funds.

Commitment to Customer Support and Security
CoinEx's commitment to customer support is also noteworthy, with 24/7 support in multiple languages, including English, Chinese, and Korean, available via email, live chat, and social media. The platform also takes security very seriously, implementing SSL encryption and storing the majority of its funds in cold wallets that are not connected to the internet.

CoinEx's commitment to user experience and security has earned it a reputation as the leading cryptocurrency exchange in the industry and as the world of cryptocurrencies continues to grow and evolve, CoinEx's user-friendly interface and advanced features make it the most attractive option for traders looking to navigate the market with ease.

Final Thoughts
In the words of Haipo Yang, the CEO of CoinEx, "We're excited to offer our users and traders around the world a platform that prioritizes their experience and the security of their funds. Our goal is to make cryptocurrency trading accessible to everyone, from beginners to experienced traders, and we believe that our platform's features and commitment to excellence make us the leading exchange in the industry."

Sign up for CoinEx now to experience the revolutionizing features of one of the leading cryptocurrency exchange platforms in the world. Enjoy a wide range of advanced trading features, high liquidity, multiple deposit and withdrawal options, 24/7 customer support in multiple languages and many more.

Join the CoinEx community today and navigate the volatile world of cryptocurrencies with ease!
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Are you looking to explore the world of cryptocurrency trading but worried about safety? With over $3.8 billion worth of crypto stolen in 2022 and exchanges collapsing, it is a valid concern.

But fear not because CoinEx has got your back. With a firm commitment to user safety and security, CoinEx provides a reliable and easy-to-use platform for traders of all levels.

In this article, we'll explain everything you need to know about CoinEx, including its impressive features and benefits and how you can start trading on the platform today. So let's dive in!

What is CoinEx?
CoinEx is a global digital currency exchange founded way back in 2017 that offers a range of trading functions, including spot and futures trading, mining, AMM (Automated Market Maker), and more.

CoinEx offers various cryptocurrencies for trading, suitable for different types of traders. Whether you're looking to trade major coins like Bitcoin and Ethereum or newer, up-and-coming projects, CoinEx has got you covered. And with no mandatory KYC procedures, CoinEx provides a user-friendly, hassle-free experience for traders who value privacy.

CoinEx also boasts various innovative features, including its proprietary trade matching system and a unique fee structure that rewards users for holding the exchange's native token, CET. The exchange has a dedicated support team available 24/7 to assist users with questions or concerns.

With its safe and reliable trading services, CoinEx has quickly become a popular choice for crypto traders worldwide, boasting over 2 million users across 100+ countries and regions.

Key features
Spot Trading: You can trade over 600 cryptocurrencies on CoinEx's spot trading platform. CoinEx's spot trading platform is straightforward, making it an excellent option for traders of all experience levels.

Margin Trading: CoinEx's margin trading feature allows you to amplify your trading power by borrowing funds to increase your trading position. With margin trading, you can open a larger position than you would usually be able to with your account balance. CoinEx offers up to 10x leverage for most cryptocurrencies, providing traders with ample opportunity to maximize their profits.

Futures trading: CoinEx's futures trading is a popular choice for traders looking to profit from the price movements of a particular crypto. Like margin trading, futures allow you to borrow funds to open more significant positions. While trading features on CoinEx, you can take advantage of both linear and inverse perpetual contracts.

Automated Market Making (AMM): AMM is a unique feature that allows traders to become liquidity providers for a particular trading pair. In return for providing liquidity, traders receive a 50% trading fee dividend. This is an excellent way to earn a passive income while also contributing to the overall liquidity of the platform.

Swap: CoinEx's instant swap feature allows you to exchange one cryptocurrency for another quickly. This feature is convenient for traders who need to make quick trades without the hassle of placing orders on the order book.

Financial: Financial is CoinEx's yield-earning feature, allowing you to earn interest on your deposited assets. This feature is ideal for traders who want to hold onto their assets long-term while earning passive income. With flexible options and competitive rates, CoinEx's financial feature is a popular choice for many traders.

Protecting Your Assets on CoinEx
CoinEx is a platform that takes security seriously and has implemented measures to protect users' private keys. For those who use their decentralized exchange (DEX), the security of private keys is crucial for asset safety. To address this concern, CoinEx supports multiparty threshold ECDSA signatures, a more secure method than regular Shamir secret-sharing (SSS) schemes.

This means that instead of relying on a single point of failure, the private keys are divided into shards and used to compute the final signature. This avoids losing all the private keys at once and dramatically reduces the risk of hackers gaining access to users' assets.

Additionally, using multiparty threshold ECDSA signatures, CoinEx ensures that private keys are kept safe without constantly reconstructing the original private key, which could also pose a risk.

By taking these measures, CoinEx provides users with a bulletproof security system that helps to keep their assets safe from theft and hacking attempts. This level of safety is essential in the cryptocurrency world, where the potential for theft is always present.

In addition to these measures, CoinEx also offers standard security features such as two-factor authentication (2FA) and email notifications for login attempts, further enhancing the security of your account.

With CoinEx, you can rest assured that their assets are protected by a robust security system that always keeps them safe.

CoinEx: UX Comes First
CoinEx is an exchange where user-friendliness comes first. The developer team behind the platform understands that only a few people are familiar with the cryptocurrency industry, so they have dedicated significant efforts to create a welcoming environment for newcomers.

Newbie Zone
The Newbie Zone is one of CoinEx's most significant features that answers all your questions regarding the exchange's functionalities.

In the Newbie Zone, simple explanatory videos can guide you through the exchange's different features. Whether creating an account, depositing funds, or buying cryptocurrencies, the Newbie Zone has covered everything.
Simple Interface

CoinEx has a simple and intuitive interface that even beginners can easily navigate. You won't have to worry about getting lost in a maze of complicated screens and confusing options, which can overwhelm new traders.

CoinEx's streamlined design ensures you can access all the features you need quickly, without any fuss.

Summary
Overall, CoinEx is a top-notch cryptocurrency exchange that offers a range of core features and functions, from spot trading to margin trading with up to 100X leverage. With over 600 different assets, CoinEx provides traders with a broad range of options.

CoinEx's commitment to user-friendliness sets it apart. The exchange offers a Newbie Zone where newcomers can learn through simple explanatory videos and get answers to all their questions and a simple and intuitive interface that even crypto novices can easily use.

So, if you're looking for an exchange that combines security, functionality, and user-friendliness, give CoinEx a try today!

Experience What Makes CoinEx So Secure In Light Of The FTX Collapse

The financial system worldwide normally operates in a highly opaque and undercollateralized manner. It can be one of the reasons why systemic risks are created, resulting in those market-wide failures and boom-and-bust cycles. While cryptocurrency and blockchain systems have often been touted as the end-all, be-all solution to such dilemmas, they have had their fair share of mishaps.
Last year, the cryptocurrency sector witnessed quite a number of incidents that involved security breaches or outright frauds. In what can only be described as a series of cascading failures, investor confidence in the cryptocurrency space has been severely dampened, with many institutional and individual investors still not being able to get their funds back from FTX, Three Arrows Capital, and some of the other failures.

What CoinEx has to offer?
In the wake of these recent cryptocurrency mishaps, CoinEx has taken all the measures it can to help its users understand that the platform is transparent with their assets. To that end, it launched its very own proof-of-reserve to reassure its investors about the safety of their assets while promoting the healthy, sustainable development of the cryptocurrency sector. As of now, its proof-of-reserve covers SHIB, USDC, USDT, CET, ETH, and BTC, with more cryptocurrencies to be covered in the future.

Why Proof of Reserves?
Proof-of-reserves can be completed by third-party auditors who generate a snapshot of every balance of the company to exhibit transparent "proof," which shows that the cryptocurrency firm has assets that can fully cover its liabilities. This can provide consumers with a sense of confidence that the firm is not under threat from liquidity crises and that they can withdraw their tokens at any given time.
As for CoinEx, since its inception in 2017, it has experienced zero security accidents, all the while realizing a reserve rate of 100%. Through its Merkle tree data structure, the sum of every user's balance can be aggregated without exposing any personal information, keeping both transparency and security in mind. Moreover, such checks and balances can ensure that any cryptocurrency firm, including CoinEx, has the assets it needs in reserve, which can serve every user as it maintains liquidity regardless of what conditions the market is going through. So, users can rest assured that the CoinEx platform has their assets completely insured from any sort of liquidity crunch, i.e., it boosts trust in a sector that is unfortunately notorious for such scandals.

Final Thoughts
For any cryptocurrency firm, proof-of-reserves can be a worthwhile endeavor, ensuring the safety of users' funds and cryptographically proving that they have ample liquidity. As more regulation for the cryptocurrency sector is poised to be introduced, any firm or exchange, such as CoinEx, that acts as custodians on behalf of the users can immensely benefit from such implementations. This is why CoinEx has taken such steps to bolster customer confidence or trust, as it feels that such endeavors are something that the cryptocurrency sector can never have enough of.

Start Trading With CoinEx Now. It's Simple And Free Of Any Hassles
In 2022, CoinEx changed the slogan of its brand to "Making Crypto Trading Easier." Seeking to eliminate any financial restraint while making cryptocurrency trading more accessible, CoinEx tries its best to offer its users convenient trading procedures and easy-to-use products. For instance, when upgrading its products, CoinEx aims to convert sophistication into something that can be easily used to support trading and provide more investor-friendly services, thereby aiding cryptocurrency beginners globally in starting their trading with ease.

How to Begin Trading?
To start trading in more than 1,000 markets that CoinEx provides, you will obviously have to sign up and make a deposit first. To register, just head on over to the official website and select the "Sign Up" option in the upper right side. Follow the steps asked of you there, and then you'll need to make your first deposit.

To make a deposit, log in to the account that you just created and select the "Deposit" option from the "Assets" drop-down menu in the upper right corner. Following that, choose the token and your preferred network on the "Deposit" page to acquire your deposit address. On the sending platform, submit a withdrawal and wait until your transaction is verified on the blockchain. The deposit will be automatically credited once it gets enough block confirmations, as specified by CoinEx, and you can then view your deposit records.

Futures Trading
While there are numerous trading options offered by CoinEx, to demonstrate its simplicity, we will briefly look at how futures trading is conducted on its platform.

To start with, CoinEx offers a straightforward and simple page for futures trading. With CoinEx, its futures page provides a clear outlook of market conditions and current orders, helping its users begin trading futures instantly. Secondly, when users trade futures on CoinEx, on either the web or mobile, they can start positions at any given moment, assess the real-time PNL of their existing position, and then close a position with a single click, all of which are simple operations to execute. Not only that, but it also offers KYC-free trading, another option that gets rid of the hassles associated with mandatory KYC procedures, which permeate the cryptocurrency sector.

Help Center
In addition, CoinEx provides an all-encompassing, professional, and localized Help Center, which enables users to dive straight into the various blockchain know-hows and discover how they can trade cryptocurrencies via step-by-step instructions. Via simple, illustrated videos and articles and even simulated futures trades, users may quickly get more acquainted with cryptocurrency futures and other trading features. Moreover, they can also look up definitions of new financial jargon through its Help Center.

Final Thoughts
In the future, CoinEx will not stop enhancing its services or products, allowing it to offer a variety of market choices and simpler trading experiences. And should users get stuck with any of its numerous processes, they can access its extensive Help Center, which has all of their knowledge needs covered.

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I really do not wish to recount the ugly incidents that we have been experiencing, among other ugly sights which we have all been viewing on the screens of our gadgets.

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[...Wahala for who no get visa!]

The #EndSARS protest was a very peaceful one and most of us lent our voices, raised funds and supported the protest because we want to see our country Nigeria reach her full potentials. We are a blessed country and it is high time the citizens started enjoying the privileges that comes with being Nigerians.

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