CoinEx, a cryptocurrency exchange service provider, today announced that it has successfully received an operating license from the Estonian Financial Intelligence Unit (FIU).
The license, which has already taken effect since November 2019, enables CoinEx to provide services for exchanging virtual currency against fiat currency, as well as a virtual currency wallet service.
As one of the most developed countries in the EU, Estonia has a friendly and positive stance on cryptocurrency and blockchain technology.
Being granted the license will further boost CoinEx’s presence in regulated markets. It also paves the way for CoinEx’s global expansion and to obtain further licenses in other countries.
Founded in December 2017 in a Bitmain-led investment, CoinEx is a subsidiary brand of the ViaBTC Group, which operates the fifth-largest BTC mining pool and the largest BCH mining pool in the world.
CoinEx supports coin exchange, margin trading, futures trading, options trading, and other derivatives trading, the company is also building its own blockchain and DEX.
The company’s services reach global users in nearly 100 countries/regions with various languages available, including Chinese, English, Korean and Russian.