Review on VINEX Network by Crypto Currency 27
Vinex Network
Vinex Network is an exchange registered in Singapore that was born in September 2018.
In addition to this exchange, the following exchanges are all registered or based in Singapore: BITMAX, Coinbene, Coinut, COSS, Coinhako, Cointiger, Kryptono, DragonEX, Coinhub, Tokenomy, Bitrue, Abcc, CRXzone, Kyber Network, Cryptology and Liquid.
At the time this review was first written (July 3, 2019), the 24-hour trading volume was $ 3,413. According to Coinmarketcap, on the last update date of this review (March 16, 2020, in the midst of the crisis, with COVID-19), the trade volume rose to $ 1.1 million. While it is a huge improvement, this trading volume is still very low and not an advantage for this trading platform. We hope that liquidity will increase even more for the sake of this change. Otherwise, it will be difficult for the company to attract new users to the platform.
Speaking of the numbers, in an email sent to its users on March 26, 2020, the exchange currently said "it has more than 15,000 traders from over 80 countries [and these traders make more than 100,000 orders every month]". Nice Project🤩
Pros
- it is a new project
Cons
- Not listed on every exchange
