4 min readAug 30, 2020

RECAP

CoinEx Weekly Update

Weekly update for August 24–30, 2020.

Dear CoinEx users

In a bid to keep you updated each week, we will share with you a recap of all the exciting events of the previous week. Below are major events that occurred in the ecosystem the past week, between 24–30 August,2020 .

SYSTEM UPGRADE

SUCCESSFUL SYSTEM UPGRADE AND MAINTENANCE

In the past week, CoinEx carried out a system upgrade in a bid to provide users with better and safer trading experience. All trading activities were put on hold to ensure safety of users’ funds. Upgrade was completed and successful with trading activities fully resumed.

Find details of system upgrade here

BEWARE OF SCAMS

With the increase in numbers of facebook accounts impersonating CoinEx, users have been asked not to send funds to anyone claiming to be from CoinEx. CoinEx will never ask users to send coins for big returns. Users are advised to send a ticket or Contact official support, in case of any issues.

NEW LISTING

DXD Launched: DXdao Is a Sovereign Collective

To provide users with more and safer trading and investment options centered on DeFi, CoinEx has listed DxD, The first super-scalable collective.

About DXD
Website | Explorer | White paper
DXD is the DXdao native ERC20 token, DXD token holders have an economic claim to the DXdao´s revenue and it also grants its owners future access to a suite of services and premium features in decentralised applications, such as gasless transactions, feeless anonymizing of assets, reduced trading fees on DEX protocols and more.

Details here

NETWORK MAINTENANCE

Announcement on XZC, NANO Deposit & Withdrawal Suspension

As a result of the ongoing maintenance on XZC, NANO nodes, withdrawal and deposits were suspended to ensure safety of users’ funds until successful completion of maintenance. Traders should note that trading activities and transfer between users of both coins won’t be affected.

XZC, NANO Deposit & Withdrawal:
Close on: August 24, 2020 (UTC)
Estimated time to reopen: Depends on the maintenance progress.

OLT Deposit & Withdrawal Suspension

Due to the network maintenance of OLT project, CoinEx suspended the deposit and withdrawal of OLT at the designated time as required to secure the users’ assets, trading of OLT and transfer between users will not be affected.

OLT Services:
Deposit & Withdrawal close on: August 28, 2020 (UTC)
The estimated time for the deposit & withdrawal to reopen will be announced by project’s team.

CoinEx INSTITUTION: EQUIP YOURSELF AGAINST LOSS

Risk Management in Crypto Trading

Financial risk management is one of the most controversial topics in trading. Traders want to reduce the risk and potential loss, but on the other hand, these traders also want at the same time to get the best profits. It is known that in order to obtain greater returns, you also need to take greater risks. Read the full article authored by Gamals Ahmed, CoinEx Business Ambassador here.

Important Services

ABOUT CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. 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!

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