CoinEx Launches P2P Trading, Enabling More Efficient and Convenient Fiat Transactions for Platform Users

CoinEx
3 min readMay 24, 2024

As global crypto asset trading becomes increasingly frequent, investors’ demand for trading channels is constantly rising. Efficient and convenient capital flow methods have become one of the most important aspects for crypto investors. To further meet market demands and enhance users’ trading experience, the global crypto asset exchange platform CoinEx has officially launched its P2P trading service. This aims to provide global users with a more efficient and convenient fiat currency on/off-ramp channel, allowing investors to achieve fiat currency transactions with ease and at low cost.

P2P trading, or peer-to-peer trading, is a form of trading that occurs directly between two users. P2P offers a way to exchange between fiat currency and cryptocurrency, allowing users to communicate directly with each other and complete transactions, thereby achieving quick and convenient entry and exit operations.

Currently, in the entire crypto industry, the P2P trading model is becoming a “standard” service. It not only provides users with more freedom and convenience but also lowers transaction costs and speeds up the speed and efficiency of capital flow. For crypto trading platforms, the P2P model serves as an indispensable bridge connecting users and the market. For users, the P2P trading method allows direct transactions between users, providing highly flexible and personalized trading options. It not only simplifies the trading process and increases trading flexibility and convenience but also greatly enhances the efficiency of capital on/off-ramp.

The launch of CoinEx’s P2P service will greatly facilitate users in converting between fiat currency and cryptocurrency, significantly improving capital flow efficiency and making fiat transactions quicker for users. CoinEx’s P2P service has the following advantages:

1. ZERO transaction fees across the platform, no additional costs

CoinEx users will not incur any additional transaction fees when using P2P trading services, eliminating cost burdens. By using CoinEx for on/off-ramp transactions, the future trading costs for platform users will be significantly reduced.

2. Extensive support for most regions and fiat currencies

CoinEx’s P2P service supports over a hundred types of fiat currencies and covers multiple countries and regions worldwide, ensuring that more than 5 million crypto users globally can enjoy convenient fiat entry and exit services.

3. Convenient communication, rapid transactions

CoinEx’s P2P service provides real-time communication channels to ensure buyers and sellers can communicate directly and respond quickly to trading needs, making fund transactions smoother and faster, while also ensuring transaction efficiency and security.

Any CoinEx registered user who has completed basic KYC certification and security verification can use CoinEx’s P2P service by visiting the CoinEx official website (https://www.coinex.com/en/), selecting “Fiat” from the drop-down menu, and choosing “P2P Trading.”

With the official launch of CoinEx’s P2P service, CoinEx will also provide users with more comprehensive trading options in the future, helping users achieve more efficient and convenient fiat on/off-ramp. Additionally, the CoinEx team adopts multiple security measures to comprehensively protect user assets, ensuring the safety of funds while enjoying convenient trading services.

Since its inception, CoinEx has been guided by the service concept of “user first,” using blockchain technology to transform the world. It strives to provide users with more diversified products and services while creating a secure, efficient, stable, and transparent trading environment. The introduction of the P2P trading service is also a manifestation of CoinEx’s continuous efforts to optimize the user service experience, making crypto asset trading truly simpler, more efficient, and more convenient.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.

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