The current state of cryptocurrency exchanges in the blockchain ecosystem is improper, opaque, and one-sided at best. Furthermore, it’s downright detrimental to the expansion of the cryptocurrency and blockchain industry as a whole, as new projects struggle with being listed on a reputable exchanges – regardless of their merit or userbase. A high percentage of cryptocurrency exchanges charge ludicrous and exorbitant fees to list a new token and take grudgingly long to do so, even after receiving payment. This ruins the credibility and permeability of a project as a result, while bankrupting investors at the same time.
Finally, cryptocurrency exchange users are frequently charged high fees for every action they take and transaction they make. Deposit fees, maker fees, taker fees, and withdrawal fees all go to the exchange, never to be seen by the user again.
What do exchanges do with all of the money?
After all, they certainly don’t need to retain all of the millions that they make.
At COOPEX, we intend on solving these serious issues by rewarding loyal exchange users, allowing them to reap rewards for activity and trading, while giving them a voice in our voting and project listing processes.