CoinEx Weekly Ecosystem Report

Weekly Report for December 28th — 3rd January, 2021.

3 min readJan 3, 2021

Season’s greetings CoinEx traders, welcome to another edition of CoinEx weekly update, where we keep you updated with happenings in CoinEx ecosystem on weekly basis. Below are major events that took place from December 28th — 3rd January, 2021.

New Listing

To provide users with more and safer trading options, CoinEx listed an interesting project over the week after rigorous reviews.

LUNA listed at 07:00 December 29 (UTC)

Terra blockchain now available for trades

About LUNA
Website丨Explorer丨White paper
Terra is a blockchain protocol that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged, seigniorage share style stablecoins which are algorithmically stabilized by its native cryptoasset, Luna.

Announcement on Adding BSC Mainnet

Suspension of Deposit and Withdrawal Function of BEP2 Mainnet

Deposit and withdraw function of the BNB assets was suspended to ensure successful upgrade BNB-BSC mainnet.

Details：
1. Add the BNB-BSC mainnet on: December 31, 2020 (UTC)
2. Suspend the withdrawal of BNB-BEP2 mainnet on: December 31, 2020 (UTC)
3. Suspend the deposit of BNB-BEP2 mainnet on: January 15, 2021 (UTC)

COVER Incident Resolution Plan

After the COVER smart contract experienced an infinite minting attack on the 28th of December 2020, CoinEx has decided to proceed with a compensation plan to mitigate traders losses and also upholds its core principle of protecting its users.

Full details here

Suspension of Cover deposit and withdrawal

Full details here

As a result of a significant exploit found in the COVER smart contract, CoinEx has suspended COVER deposit and withdrawal in to ensure users’ assets security.

The details are as follows:

COVER Deposit & Withdrawal:
Close on: December 29, 2020 (UTC)
Estimated time to reopen: Depends on the progress.

Coinival is coming soon

Win 50% off fee coupon

The Crazy The Graph

Graph research report by CoinEx Institution

As a decentralized data indexing protocol, The Graph provides everyone with the open API to create and publish index data, serving as more convenient access to blockchain data for developers. The Graph has a vision of building an efficient and decentralized blockchain data index and query API service layer based on the Web3 ecosystem, making DApp data access easier and faster. The principle is to index the blockchain data to generate subgraphs, which allow quick queries of interfaces using the GraphQL language developed by Facebook.

Important Services

ABOUT CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.

CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.

Click here to register on CoinEx