ChainEx

ChainEX Exchange

ChainEX is a cryptocurrency exchange established in 2018 and based in South Africa. It aimed to serve the African market, particularly focusing on trading digital assets using the South African Rand (ZAR).

Key Aspects:

• ZAR Integration: A key feature was its support for the South African Rand (ZAR) as a fiat currency for deposits and withdrawals, making it accessible to local users.
• Cryptocurrency Selection: Offered trading for over 40 digital assets, including popular ones like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
• User-Friendly: Aimed to simplify the trading process with features like a "quick buy and sell" option.
• Maker Fees: Advertised 0% maker fees as an incentive for liquidity providers.
• Security: Claims to employ security measures, including storing funds in cold storage and using 2FA.

Current Status and Concerns:

• Uncertain Operational Status: While ChainEX's official website appears to be functional and its privacy policy is available, current data from major crypto aggregators (like CoinMarketCap and Binance) show zero or untracked 24-hour trading volume for its native token (CEX) and the overall exchange. This suggests very low or inactive trading operations.
• Limited Recent News: There's a notable lack of recent news or significant updates about the exchange's active trading operations or developments in 2024-2025.
• Security Rating: Some security review platforms (e.g., CER.live) have given ChainEX a low security score (e.g., DDD with 33%), noting it's "partly certified without approved penetration test, with ongoing bug bounty, and without proof of reserves audit." While no major hacks are widely reported, this low score indicates potential vulnerabilities.
• Token (CEX) Performance: The ChainEx native token (CEX) is listed with extremely low or zero market capitalization and circulating supply on major tracking sites, further hinting at inactivity.