2022 has definitely been eventful and difficult for our business. From the outbreak of the struggle in Ukraine in February, straight by way of to final week’s collapse of one among our opponents, volatility has typically felt like the one fixed this 12 months.
In actuality nonetheless, setbacks are an inevitable a part of general progress. And though latest occasions have been unsettling, they’re additionally a reminder of the significance of customer-focused ethics. These have been a part of CEX.IO’s DNA since our founding virtually a decade in the past.
We need to take this chance to affirm our dedication to securely connecting individuals and companies to alternatives in cryptocurrencies and decentralized finance, serving as a information alongside their particular person journey. It is a very severe accountability that requires transparency. As such, we’d wish to share a number of fundamentals about our core beliefs, enterprise ethics and above all, the pledge we make to help the hero of each particular person crypto journey. You.
Your crypto is yours
Merely put, funds are at all times obtainable to our clients, and held in 1:1 custody. Maybe most significantly — and in any market situation — shopper and firm cash is managed and held individually. This unshakable follow has earned us the belief of over 5 million world market members who need to get forward within the digital property financial system. CEX.IO is their crypto information, serving to them chart their path, with extra alternatives and fewer steps alongside the way in which.
CEX.IO won’t ever use your funds for market strikes that aren’t expressly dictated by your individual private funding technique. Your property belong to you whether or not buying and selling, storing, transferring or incomes. As talked about above, they’re held 1:1 in custody, and we keep 100% reserves.
We take the identical cautious strategy with our personal sources. CEX.IO works solely with main exchanges which have all launched transparency statements in regards to the security of their operations in latest days.
Our historical past calls for consistency and reliability
CEX.IO was based in 2013 with a mission to help world monetary inclusion by way of the adoption of cryptocurrency and blockchain know-how. By markets bull or bear, we’ve by no means overlooked our perception that decentralized finance has the facility to vary the world — and folks’s lives — for the higher.
In preserving this elementary perception on the middle of the whole lot we do, over 5 million customers have loved handy, secure entry to the world of decentralized finance. Our product pipeline, safety posture and customer support strategy are all rooted in our dedication to consistency, stability and person empowerment — wherever you come from, or need to journey by way of the ecosystem.
Regulatory management by instance
For crypto to realize mainstream adoption, we’ve at all times believed the identical guidelines should apply to the cryptocurrency business as they do to different fee devices.
CEX.IO is a world firm with a completely inclusive strategy to partaking regulators. In 2015 we accomplished our first audit with the U.S. Treasury’s Monetary Crimes Enforcement Community (FinCEN). This was the beginning of a sustained dedication to stop cash laundering and terrorist financing from polluting the crypto ecosystem. Through the years, our dedication to compliance and regulation has grow to be a aggressive benefit.
A number of essential highlights:
- CEX.IO is a FinCEN registered Cash Service Enterprise. Our registration might be discovered right here.
- CEX.IO maintains 32 Cash Transmitter licenses with particular person states and might function in 49 U.S. states in complete. Please see particular person state licenses right here.
- CEX.IO is registered with the Monetary Transactions and Studies Evaluation Centre of Canada (FINTRAC). Our registration might be discovered right here.
- CEX.IO has Distributed Ledger Expertise License and Cash Lending License in Gibraltar. See particulars right here.
We is not going to waver in our dedication to a secure, inclusive ecosystem. Alternatives by no means come on the expense of reliability, stability and regulatory compliance.
Our operations are constructed and sustained with our hero on the middle
We make three guarantees to you, our hero:
1. We’ll assist you to safely seize extra alternatives as you chart the trail of your particular person crypto journey.
2. You’ll expertise a smoother journey with fewer steps and obstacles alongside the way in which.
3. You’ll be empowered to achieve your full potential with data and instruments, shared by a seasoned information with an unmovable ethical compass.
Revered third-party validation of our work
CEX.IO has been the recipient of quite a few business accolades simply in 2022 alone. In September, we have been named the Most Trusted Crypto Alternate and Most Secured Buying and selling Platform within the UK by the Worldwide Enterprise Journal Awards. Earlier this 12 months, we have been ranked the ninth Finest Cryptocurrency Alternate by CryptoCompare, listed by Forbes as a High 20 Finest International Crypto Alternate, named ”Finest Total DeFi Platform” within the FinTech Breakthrough Awards, and acknowledged because the Finest Alternate within the 2022 Hedgeweek European Digital Belongings Awards.
This type of visibility is greater than feel-good model validation. Moderately, third-party recognition from revered entities affirms the customer-focused ethics, technique and innovation which have at all times been the core of our work. We care that you just care, and we’ll at all times be there for help, whether or not you’re a “crypto curious” first time market participant, or a “crypto severe” participant searching for leading edge instruments to drive your private strategy to decentralized finance.
As we’ve already mentioned, business setbacks are a compulsory, if lamentable a part of progress and maturity. We’ve endured winters through the years — some colder than others — with an unshakeable perception within the energy of crypto to securely and democratically widen the online of monetary inclusion. With that perception comes nice accountability, and we’ll by no means lose sight of that truth.
We worth the belief you place in us. There are not any shortcuts in our operations or ethics, and there by no means will likely be.
