Header banner
Revain logoHome Page
Mahammad Cafarli photo
Xirdalan
1 Level
24 Review
0 Karma

Review on FCoin by Mahammad Cafarli

Revainrating 1 out of 5

FCoin on the list of failed exchanges.

FCoin is a decentralized cryptocurrency exchange that was founded in 2018. FCoin drew a lot of attention in the early days of its existence, and its company was running well, with the majority of clients happy with the exchange. In fact, it was able to reach the list of the greatest exchanges in the world based on exchange trading volume when it was first established.

This is a great success in my opinion, but a similarly successful exchange went bankrupt about a year ago, and the exchange was shut down. However, I believe that the exchange going bankrupt with such large investment might be a ruse. People say that their assets stay in this exchange, according to some consumer comments I've found.

I'm not sure how true this is, but the fact that the exchange went insolvent and shuttered in such a short period of time struck me as odd. I don't want to go into too much detail because the exchange is no longer operating.

Pros
  • It was one of the most heavily traded exchanges in the world when it was first established.
Cons
  • There wasn't enough information regarding FCoin exchange that I could locate.
  • Officially, the exchange has stopped operations.