“Crypto winter” has become one of the most trending phrases in the industry this summer. In June and July 2022, the bearish narrative started dominating the market against the backdrop of recent events in the global economy and crypto space. But whether it’s a crypto rally or a bearish market, CEX.IO continues to work on improving its ecosystem of services and opening the gate for users to new features.
Furthermore, CEX.IO’s passion to provide users with the best experience has been widely recognized by our customers and third parties. We also focused on navigating users through the current change in market sentiment with educational material and detailed crypto market overviews.
Below, we have assembled major company updates of the recent months to inform users about our accomplishments and current initiatives.
The CEX.IO Domain’s 9th Birthday
At the end of June, CEX.IO celebrated the 9th birthday of its domain. We thought it was a good time to reflect on the path that brought us to become an industry leader. Find out more about our legacy and what we look forward to in our blog post.
CEX.IO COMPASS release
Our market research team has prepared the crypto market analysis report for Q2 2022. This report sheds light on the recent performance of digital asset ecosystems and examines major events in crypto for the first half of the year. With these reports, we want to provide our users with valuable information for further exploration of the crypto space.
CEX.IO ranked in the top 10 exchanges by Kaiko
We received an “AA” grade and ranked 8th by the Kaiko Exchange Ranking Score for Q2 2022. Kaiko is a leading provider of crypto market data for businesses. Its methodology of ranking covers a number of factors ranging from governance to technology.
We are proud to have the high quality of our service externally confirmed and thank Kaiko for this recognition. We’ll continue working to enhance the value of our ecosystem.
CEX.IO named the Best exchange by Hedgeweek
In the 2022 Hedgeweek European Digital Assets Awards, CEX.IO has won the nomination for Best Exchange. This award recognizes excellence among service providers and fund managers in the crypto space. We are thankful to users and Hedgeweek subscribers who expressed their support by voting for us.
A few months ago, we launched the CEX.IO Donation widget to help our users direct their financial support to critical organizations on the ground protecting and saving lives. Thanks to all who are helping to raise funds for urgently needed humanitarian assistance.
To make our initiative clearer for new and unregistered users, we launched a Donations page. On this page, we explain step-by-step how users can become a part of an international effort to help people in the direst circumstances and make a positive difference in the world.
Updated Exchange service in the CEX.IO mobile app
We have made several changes to the Exchange service in the CEX.IO mobile app that features swaps between crypto and fiat currencies in a few taps. We expanded the list of supported assets in the service, empowering users to convert every asset available on CEX.IO to any other supported asset.
In addition, we included the conversion fee in the exchange rate to make it more clear what amount users will eventually receive. The conversion fee for using the Exchange service remains the same (1%). Keep in mind that this feature is exclusive to the CEX.IO mobile app.
Terra Classic (LUNC)
CEX.IO has renamed Terra (LUNA) to Terra Classic (LUNC). After finishing the migration of LUNA balances to LUNC, we launched a new LUNC market on the platform. You can find more information about the LUNA migration on our Help Center.
Filecoin is a peer-to-peer network and decentralized digital storage marketplace. It enables users to store data on different computers worldwide instead of having to trust a single storage provider. Network participants can buy and sell storage on the Filecoin network using the native token called FIL. Find out more about Filecoin in the CEX.IO Spotlight article.
Audius is a decentralized music streaming platform that aims to give artists control over the music they upload. In addition, Audius empowers fans to directly support their favorite artists via the native cryptocurrency AUDIO. Learn more about Audius and use cases of AUDIO in our blog post.
Euro Coin (EUROC)
Euro Coin (EUROC) is a stablecoin issued by Circle, the company responsible for maintaining USD Coin (USDC). According to Circle, EUROC follows the same reserve model as USDC, backed by euros held in euro-denominated bank accounts, and redeemable for fiat euros at approximately a 1:1 ratio.
Algorand is a decentralized protocol that was developed to offer fast transactions and a smart contract platform with high network performance. Algorand features a pure proof of stake model where users can contribute to the network, following requirements with a low entry barrier. Discover Algorand and its ecosystem in our CEX.IO Spotlight.
Crypto Believers Party
We’ve decided to flip the script on the season’s downward turn by hosting the Crypto Believers Party Series. CEX.IO will run a new crypto giveaway every two weeks with fresh prizes and opportunities available to registered users. The most active participants across the Crypto Believers Part Series will win CEX.IO NFTs at the end of 2022.
Earn USDC for transferring USDC via Stellar
CEX.IO is excited to offer up to 1,000 qualified users the ability to earn rewards in USDC for depositing USDC via the Stellar network and maintaining USDC in your CEX.IO balance. Learn more about the special offer in our blog post.
On the heels of adding Algorand (ALGO) to our list of tradable assets, we are running the 10,000 ALGO giveaway. Grab a chance to win up to 2,000 ALGO for completing a set of tasks on the giveaway page.