HONG KONG — CoinEx, a global and professional cryptocurrency exchange service provider, announced today the launch of a $50 million Ecosystem Development Fund to back visionary companies whose products and services will facilitate the development of CoinEx’s ecosystem.
In addition to financial support, CoinEx will also provide professional advice about product design, technology development, brand building and promotion at the project’s early stage. CoinEx hopes that in this way, it can foster innovations and promote the stable development of the blockchain industry.
“Before any investment, our team will conduct a thorough and multi-dimensional assessment of the project to ensure its quality and potential,” said Haipo Yang, Founder and CEO of CoinEx. “Recently we have been focusing mainly on finding promising DeFi projects.”
Since the establishment of the Ecosystem Development Fund, the CoinEx team has conducted in-depth researches and analysis on dozens of DeFi projects worldwide. Finally, OneSwap successfully got the first investment from the Fund.
OneSwap is a fully decentralized exchange protocol on smart contract, with permission- free token listing and automated market making (AMM). Its official website has already been launched.
Users are able to establish liquidity pools without permission, and make markets through automated algorithms. It also supports liquidity mining and trade-driven mining simultaneously, providing both platform tokens and transaction fees as revenues.
In addition, in order to meet the diverse transaction needs of users, the traditional order book is also available on OneSwap. Users will not be forced to accept platform-set price transactions but place limit orders by themselves. This enables more flexibility to the trading.
OneSwap refines and upgrades the advantages of major platforms in the DeFi ecosystem such UniSwap, Curve, Balancer, and Kyber Network, and combines the product design based on users’ trading habits to create more powerful platform.
“CoinEx has always been optimistic about the future of decentralized exchanges, and OneSwap’s innovative concept as a decentralized protocol has surprised me. This is also the main reason why CoinEx’s Ecosystem Development Fund chose to invest in this project. We have made this first step, and there will be more room for the cooperation between CoinEx and OneSwap in the future,” said Haipo.
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 and is also the largest BCH mining pool in the world.
CoinEx supports spot, perpetual contract, and other derivatives trading. Its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
