CoinEx, the Hong-Kong based cryptocurrency exchange, recently announced that it would sponsor the fourth BlockChance conference, which will be held in Germany.
The upcoming BlockChance 23 conference will be held between June 28th to 30th; more than a thousand crypto-focused companies, including venture capitalists, and blockchain developers, more than 7,500 attendees, and 300 speakers and 150 exhibitors will actively participate in the event.
Germany is a G7 and G20 country and counts among the most powerful economies in the world, and Europe, however, it has been struggling over the past year and half. Its GDP decreased by 0.3% from January 2023 to March 2023; the gross domestic product of Germany was $4.26 trillion. Earlier, it was ranked as the fourth-largest economy in the world.
Apart from sponsoring and attending the event, CoinEx will closely interact with the users, discuss the problems, and provide real-time solutions. The discussion will help the cryptocurrency exchange to overcome the difficulties in the coming times.
CoinEx and New York: a Bitter RelationShip
Earlier this week, regulators barred CoinEx from operating in New York and seized over $1 Million worth of cryptocurrencies. As per the data, CoinEx failed to register as a securities and commodities brokerage.
This is not the first time that the exchange has been in trouble. Earlier in February, authorities accused CoinEx of claiming to be an exchange but failed to register with the regional authorities.
From the seized amount, $1.1 Million will be returned to investors who invested using the platform. The authorities will hold the remaining amount as penalties for violating the laws of New York.
CoinEx is instructed to implement geo-blocking to bar access by New York IP addresses. The exchange is also instructed to restrict the creation of new trading accounts for users in the United States.
Earlier this month, the Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase for selling unregistered securities.
Following the lawsuit, SEC labeled over 50 crypto tokens and coins as securities, including Solana, Cardano, among others. When Coinbase was sued by the agency, the market slipped by over 5%, and the leader of all cryptocurrencies, Bitcoin, fell more than 4% in 48 hours of the trading session.
At press time, Bitcoin was trading at $29,590 with a 24-hour trading volume of $32 Billion. Earlier, BTC was ranked first in terms of trading volume, but recently Tether passed BTC and acquired the first position and became the most traded token intraday.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/06/21/coinex-to-sponsor-blockchance-conference-in-germany-aimd-expansion/