Coinranking
This exchange is inactive on Coinranking. Its data is not up to date.
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About DragonEx
DragonEx Exchange: A Community-Focused Platform
DragonEx, launched on November 2, 2017, is a centralized cryptocurrency exchange based in Singapore, with a trading service license from Estonia. It’s tailored for the Asian market, boasting over 300,000 KYC-verified users and aiming to be a top community-driven exchange with active WeChat, QQ, and Telegram groups as of 2019.
What DragonEx Offers
- Trading Pairs: Supports around 90 crypto pairs across 4 markets, including BTC, ETH, USDT, and its native Dragon Token (DT), with a focus on crypto-to-crypto trading.
- Fees: Makers pay 0.1% and takers 0.2%, with withdrawal fees varying (e.g., 0.001 BTC per BTC withdrawal, above the industry average).
- Features: Offers a mobile app on iOS and Android, transaction mining (a controversial model), and derivatives like options, futures, and leveraged trading.
- DT Token: DT holders receive a share of daily trading revenue, fostering community loyalty, with a max supply of 37,339,500 tokens.
- Extras: Includes blockchain-based games like GoDice and an academy for crypto education, launched in 2018.
Things to Consider
- Security History: Despite a strong security reputation, a 2019 hack saw private keys stolen, with funds like BTC, ETH, and USDT lost—some recovered, but it dented trust.
- Regulatory Status: Holds an Estonian license, but lacks broader oversight, and mandatory KYC may deter privacy-focused users.
- Accessibility: No fiat-to-crypto trading via credit card (wire transfers only), which might limit entry for beginners.
- User Experience: The platform suits mobile traders, but its focus on the Asian market and lack of English support in some areas could be a hurdle.
- Market Activity: Historical volume hit $240M daily in 2018, but recent data shows zero active pairs, suggesting low liquidity or potential inactivity.
DragonEx appeals to Asian traders with its community focus and DT token perks, but its past hack and current low activity raise concerns. Visit https://dragonex.io to explore, but proceed with caution.