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Why can’t the kex trading platform enter (kickex trading platform)

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Why can’t kex trading platform enter today? Let’s take a look at an interesting event, which is why kex trading platform can’t enter After December 31, 2018, the Kex Exchange in Singapore officially ceased operations. The registration subject of Kex (Kak off) Cryptocurrency exchange has been changed to kenEX.com and kExGlobal. And previously, Binance, a well-known domestic digital asset investment company, announced the closure of its kex trading platform and website, which was also a major blow to them So now the main mainstream currency trading platform in China is the successor of the KEX trading platform. The term ‘kex’ here refers to the fact that most virtual tokens on the market currently exist in the form of Bitcoin, but do not have any substantial application value or circulation scenarios. Therefore, many people say that it is just a form of virtual assets In fact, it is clear to everyone that after October 2017, many investors began to exchange their counterfeit coins for other tokens to cash out or sell for profits. But many people at that time did not realize that the price of these counterfeit coins would rise too much, and even there was a so-called speculation foam, which was known as a fraud, pyramid selling, etc Moreover, in recent days, the market has experienced significant fluctuations due to various news influences. For example, the Bithumb exchange in Beijing was hit by the Black Swan incident, which resulted in a large influx of off exchange funds, causing Bitcoin to drop below $30000 at one point. Then there were some matters about the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the exchange. According to relevant reports, “the New York Attorney General’s Office said that an agreement reached between Bithumb and the New York Supreme Court would allow customers to use their assets to apply for enforcement of Bithumb’s violation of the Bank Secrecy Act through the court” In fact, in addition to the above two points, there is another issue worth paying attention to, which is that the current virtual currency exchanges are almost unable to meet the normal daily business needs of users: firstly, it is necessary to comply with the anti money laundering and anti-terrorism financing policies of the United States; Secondly, if users want to participate in illegal activities, it is best to purchase local goods and services abroad. In addition, for individuals, they must undergo strict scrutiny by regulatory agencies, including all actions that may involve terrorism or tax evasion; Once again, there are still significant risks for companies operating virtual currencies within the existing legal framework Finally, in the current economic environment, people are prone to losses. So at this point, we have to consider whether to try new financial products to solve practical problems So in the current market situation, I think it still depends on the next development

Kickex trading platform

According to official information, Kickex trading platform is one of the leading digital asset derivatives exchanges in South Korea. The innovation of this platform lies in its global perspective and professionalism in compliance; At the same time, the company also offers product lines such as multi currency and perpetual contracts

It is reported that after the official release of the 2020 China Blockchain Industry White Paper, “more people can easily participate in the development of the blockchain industry”, founder and CEO Zhang Jian explained to users: “We believe that the current Cryptocurrency market is still very unhealthy and has security vulnerabilities, and this risk is mainly due to the lack of regulatory framework”.

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