Coinone's 8th Anniversary "Strengthening Development Expertise"... 2.26 Million Members, 382 Trillion KRW Trading Volume

Photo by Coinone

[Asia Economy Reporter Lee Jung-yoon] Coinone, a domestic cryptocurrency exchange, announced on the 21st that it will strengthen its development expertise to celebrate its 8th anniversary.

Founded on February 20, 2014, Coinone plans to focus on enhancing development expertise this year with the goal of strengthening product competitiveness and system stabilization. Earlier this year, while major exchanges were focusing on new businesses such as NFTs and the metaverse, Coinone prioritized emphasizing technological development expertise. This is because they judged that solid technical capabilities must be established first to quickly service the changing industry trends with a long-term corporate growth goal.

Additionally, Coinone disclosed its achievements over the 8 years since its establishment. To date, Coinone has accumulated 2.26 million members, with a cumulative transaction volume reaching 382 trillion won. Last year, it showed significant growth, more than doubling compared to the previous year.

Since its inception, Coinone has maintained a corporate policy of building security at every stage of the exchange system, achieving 8 consecutive years of accident-free security records.

The company has also solidified a transparent compensation system for its executives and employees based on corporate performance. At the end of last year, it uniformly increased employee salaries by 20% and provided incentives of up to 450% annually based on performance. Recently, for the first time since its founding, it granted stock options to all employees.

Coinone was the first domestic exchange to list Ethereum, which, along with Bitcoin, plays a major role. In 2019, it launched 'Coinone Plus,' a cryptocurrency reward income generation platform, introducing the country's first staking service. Staking refers to a mining method where users deposit their coins and receive newly issued coins as rewards.

Cha Myung-hoon, CEO of Coinone, stated, "This year, Coinone is working to build stronger security and a safer investment culture, and to improve overall exchange services that can quickly respond to changes in industry trends." He added, "The achievements over the past 8 years are thanks to the outstanding talents who have worked together, and going forward, we will focus more on strengthening development experts to create the next Coinone together with them."

This content was produced with the assistance of AI translation services.