2023 Full Steam Ahead: A New Year’s Message from CoinW
To all CoinW users:
This is the season of change, and today, as we ring the new year bell of 2023, CoinW would like to extend our most sincere holiday greetings and wish a happy new year to you all!
2022 was a difficult year for crypto. We witnessed the tremendous impact of the Russo-Ukrainian war on the global market, and clearly saw the power of “crypto without borders”; we experienced the cash flow tension caused by global currency supply contraction, witnessed the Axie Infinity’s sidechain hack, Terra crash, Luna and UST’s death spiral, as well as the series of influential events such as Three Arrows, Celsius, and other capital management institutions declaring bankruptcy. The large amount of capital outflow and crypto assets being sold off have resulted in the crypto market value falling by 71.3%, from nearly 3 trillion US dollars at the beginning of the year to presently around 860 billion US dollars.
Despite the numerous setbacks, we also saw a number of notable achievements in 2022: Ethereum’s switch from POW to POS is widely considered to be a turning point event for the industry; the Hong Kong SAR government issued the “Policy Declaration on the Development of Virtual Assets in Hong Kong” and embraced cryptocurrencies; we also saw various new business models in Web3 pushing the industry forward.
For CoinW, however, 2022 was an extraordinary year. This year we celebrated the five-year anniversary of our continuously secure operation, our global user base exceeded 9 million, with a total turnover of over 300 billion US dollars for the year. 105 new coins were listed (23 of which were first-time listings), and so far the platform has listed 732 coins and 1222 coin pairs.
In the spirit to further improve CoinW system’s security, stability, and scalability, we have carried out a comprehensive upgrade of the hardware and software of our platform. In addition, on July 13, CoinW became the first exchange in the industry to implement 0 fee spot trading. For contracts trading, we have launched mobile take profit, stop loss, and copy trading functions, as well as the implementation of a tiered margins mechanism in an effort to continuously improve our user’s trading experience.
At the same time, we continue to explore and develop our global compliance framework. CoinW has obtained three new licenses: the Lithuanian financial supervision license, the Canadian MSB license, and the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). This year, we accelerated the process of global expansion and hosted numerous offline activities in Vietnam, South Africa, Turkey among other countries.
In 2022, we strengthened our collaborations with world-class sports organizations, and have successively partnered with La Liga in Europe, sponsored the world-class boxing event Kunlun Decision, the EAFF E-1 Championship in East Asia, the Global Football Awards, and signed the established European football club FC Dinamo Batumi. CoinW is proud to be rated as a world standard comprehensive crypto asset trading platform.
In addition, we established the world’s first blockchain creator incubation platform — CoinW Creator’s Alliance, to provide a platform for content creators to gain exposure and to voice their opinions. A community section was added in the CoinW app to help users more easily source trading information, strategies and to find investment opportunities. This year, CoinW’s presence can be seen at various blockchain, WEB3 and crypto industry exhibitions around the world, and was awarded the AIBC Americas “Best Exchange of the Year” title.
The past, however, shall remain in the past.
Looking ahead at the arrival of 2023, we will embark on a new journey, and continue to enhance the security and stability of the platform to ensure a smooth trading experience for users. We will continue to emphasize product research and development, launch more products and services to meet the needs of different users. We will continue to expand our global strategic operations to serve every user in need around the world. We will continue to improve the overall quality of the team to face the industry challenges head on. We will continue to strengthen CoinW’s brand presence in the global blockchain space, expand the brand’s influence and popularity.
2023 is here, and the sounds of spring can be heard. In 2023, CoinW will join hands with all users, and work together and thrust CoinW into new heights!
Last but not least, we would like to thank you again for all your support for CoinW.
Wishing you all a Happy New Year!
CoinW Team January 1, 2023
