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CoinEx Secures VASP Authorization in Poland, Eyeing European Crypto Expansion

Global cryptocurrency exchange, CoinEx, successfully obtained the Virtual Assets Service Provider (VASP) in latest Crypto Poland boost.

The globally recognized cryptocurrency exchange, CoinEx Europe, successfully obtained the Virtual Assets Service Provider (VASP) in Poland crypto regime on 13 May, 2024.  

Bolstering its presence in the European crypto market, this strategic development for CoinEx is a pivotal moment in its ongoing efforts to cater to the diverse needs of digital asset traders and investors across the continent. 

Established in 2017, the Hong Kong based crypto trading platform, CoinEx, offers its trading services to over 5 million users so far, spread across 200 countries and regions. 

CoinEx Plans to Expand Operations in Europe Through Poland Crypto Industry

By aligning itself with the regulatory frameworks governing the European crypto market, CoinEx has enhanced its credibility. 

This move is expected to significantly increase CoinEx’s market reach and influence, further solidifying its position as one of the leading players in the global crypto exchange arena. 

Commenting on the development, Haipo Yang, CoinEx’s CEO, said, “Obtaining the VASP registration in Poland is a testament to our unwavering dedication to providing a secure and regulated trading environment for our users.”

Yang added, “We are thrilled to expand our operations in Europe. This achievement reinforces our commitment to driving the global adoption of cryptocurrencies and fostering the growth of the digital asset ecosystem.”

The company also announced that it will participate in the upcoming Next Block Expo (NBX), which will be held in Warsaw, Poland, from 15 to 16 May 2024. 

“The NBX conference serves as an ideal platform for CoinEx to engage with industry leaders, investors, and enthusiasts, further solidifying its presence in the European crypto space,” stated CoinEx. 

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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