CoinEx is a Hong Kong-based exchange. Although the website is well-developed and the trading fees are quite low, the exchange only supports crypto-to-crypto trading. Apart from the nice website, the team behind it is quite hard to track, with a CEO who has allegedly been arrested. Shortly after the alleged arrest, he disappeared and some CoinEx users reported problems withdrawing from their accounts, with some withdrawals taking up to 24h to be received. Furthermore, the number of supported coins is quite low, along with the exchange’s volume. Overall quite a risky exchange to trade on given the CEO’s doubtful past and the user’s problems with the platform.