Catex

Catex Exchange: A Once-Promising Platform

Catex, a centralized crypto exchange that kicked off in August 2018, was initially based in China and later expanded its reach with communities in places like Brazil, Vietnam, South Korea, and the U.S. It aimed to stand out with a unique “transaction mining” model, where users could trade over 200 pairs (like BTC/USDT, which once saw $11.2M in daily volume) and earn rewards through its native CATT token. As of May 2025, its 24-hour trading volume for CATT is down to $565.05, but it still holds a niche appeal for crypto enthusiasts.

What Catex Offers

Catex brings a solid lineup with over 80 coins available for crypto-to-crypto trades, skipping fiat options entirely. It keeps fees low with a flat 0.2% taker fee and no maker fees, making it attractive for active traders. The platform dishes out 80% of its daily revenue to CATT token holders, who also enjoy perks like zero-fee withdrawals, voting rights, and a fun Dice Game, as highlighted in older X posts. Staking and farming are on the table, with a 2019 X mention of a 12% annual staking pool for CATT, and it even hosted an IEO in 2019 with a 15% bonus. The interface is straightforward yet functional, featuring advanced charting tools for tech-savvy users, and it claims a microservice-based setup for smooth performance.

Things to Keep in Mind

User feedback on Trustpilot from 2021 flags some concerns, like occasional frozen accounts or withdrawal delays, so it’s wise to start with small trades to test the waters. There’s no clear regulatory oversight, though it touts GDPR compliance, and its security details are self-reported without third-party verification. Liquidity can be thin, especially with the low trading volume, and the lack of fiat support might limit accessibility for newbies. The CATT token trades at $0.000040 with a market cap of $161.28, showing significant volatility, so it’s worth watching its value closely. Check out their site at https://catex.io if you’re curious, but approach with caution given the mixed user experiences.