CEX.IO News

CEX.IO November 2022 Media Report

, December 7, 2022

While the crypto ecosystem endured a shaky month, CEX.IO enjoyed a comfortable run of third-party accolades and timely, published thought-leadership. November saw CEX.IO ascend the charts at Cryptowisser, and our re-launched Listings Program marked its announced first addition with the GBP-backed stablecoin, poundtoken. Also, our Founder and CEO, Oleksandr Lutskevych, returned to the Cointelegraph Innovation Circle to impart some bear market wisdom for Web3 developers.

Plus, this season is providing a bounty of executive events. Brush up on our recent appearance at Hedgeweek’s Hedge Fund European Emerging Managers Summit, and look to catch CEX.IO at the Anti-FInancial Crime Summit and Cryptoassets Regulation & Compliance 2022 later this week.

Cryptowisser: CEX.IO Reaches #2 on Cryptocurrency Exchange List

This month, CEX.IO rose to the number two position on Cryptowisser with a 4.33/5 rating, composed of over 1200 community votes. Acing the categories for Wire, Credit, and U.S. Allowed accommodations, CEX.IO was also the most tenured platform among the site’s top five listings.

Check out what Cryptowisser had to say about us, or head over to the Exchange to see for yourself.

News Explorer: Kraken and Coinbase Suffer ‘Connectivity Issues’ Amid Market Crash

On November 8, Dmytro Volkov, Head of Global Innovations at CEX.IO, was quoted by News Explorer following FTX’s implosion. As a recognized authority in the crypto community, Volkov was a natural choice to contribute measured guidance during a period of widespread uncertainty. With turbulence ricocheting throughout the ecosystem, Volkov helped offer some perspective on what users should expect from a tenured platform.

“In May of 2021, several crypto exchanges, including Coinbase, Kraken, and Binance, saw several interruptions due to high trading volume. ‘Traditional exchanges allow trading 6–8 hours a day, 5 days a week. It provides a 16-hour window each day to do any maintenance of technical infrastructure and full 24 hours on weekends,’ Dmytro Volkov, CTO of cryptocurrency exchange CEX.IO, told Decrypt at the time. ‘Crypto exchanges usually operate 24/7, and it’s much more difficult to maintain such a system.’”

Cointelegraph: 16 things Web3 creators need to focus on during a bear market

On November 10, CEX.IO Founder and CEO Oleksandr Lutskevych was quoted by Cointelegraph in a timely piece about what developers should prioritize during a cooler crypto climate. Looking to the past for guidance, Lutskevych emphasized the need for practical solutions during a period when market participants may be tightening their belts. To avoid the chopping block, aspiring Web3 innovators should answer some foundational questions before bringing their projects to market.

“During leaner times, luxuries lose ground to the essentials. In these climates, builders should consider how their projects impact the everyday experience of their audience: Is it innovative enough to stand out? Does it offer a solution to a real problem? Can its utility reinforce its value? Answering these questions honestly and proactively could help you avoid the pitfalls of purely value-derived assets.”

Hedgeweek: CEX.IO’s Evans to moderate panel at Hedgeweek’s Hedge Fund European Emerging Managers Summit

On November 11, Rich Evans, Managing Director for CEX.IO’s institutional offering, Prime Liquidity, was featured on Hedgeweek’s site, promoting the panel Evan’s moderated at this year’s Hedge Fund European Emerging Managers Summit. Dedicated to acknowledging the viability of crypto as an emerging asset class, Evans hosted representatives from 21e6 Capital, Faros Point Capital, and Altana Wealth for a spirited conversation.

“The discussion will include guidance on how start-ups should evaluate emerging asset classes including digital assets, and best practices for improving returns and attracting more capital by moving away from traditional strategies. The invite-only panel will take place on Wednesday, 16 November.

Hosted by Hedgeweek, the Summit is considered a bridge to a new understanding of each of the critical steps involved to successfully bring a hedge fund to market, and geared towards management firms and funds in their early stages of development and diverse leaders.”

poundtoken.io: New Exchange Listing: poundtoken now available on CEX.IO

On November 29, Jonathan Wykes, Managing Director, Listings, contributed to poundtoken’s press release, announcing the project’s integration with our platform. As the first addition to our relaunched Listings Program, poundtoken is a GBP-backed stablecoin that aims to offer consistency during market uncertainty.. 

“Given our roots as one of the first exchanges in the world, and our commitment to the globalization of crypto, we welcome the chance to add a GBP stablecoin for our users. Stablecoins are an important instrument in the crypto ecosystem, and it makes sense that we see them in denominations other than just USD to allow traders to hedge against FX risk on the chain. Being able to offer a GBP-denominated stablecoin, regulated in the British Isles, with such a focus on transparency and regulation as poundtoken has, could mean a lot to our community.”

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