BKEX
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| Type | Cryptocurrency exchange |
|---|---|
| Founded | 2018 |
| Closed | 2023 |
| Currency | Cryptocurrencies |
BKEX was a cryptocurrency exchange headquartered in the British Virgin Islands.
History
[edit]The exchange was founded in 2018 with headquarters in the British Virgin Islands.[1] The platform offered various services including spot trading, derivatives, leveraged tokens, and staking. BKEX claimed to support over 1,200 crypto assets with over 8 million users from more than 100 countries.[2] As of 2020, it was reportedly one of the largest cryptocurrency exchanges by transaction volume.[3] In 2019, Forbes reported that the exchange was replicating Binance's exchange history to appear that it was a more active trading platform than it really was. At the time, it claimed $1.1 billion in daily trade volume.[1]
Suspension of operations
[edit]On May 29, 2023, BKEX suspended all withdrawals, citing cooperation with a police investigation into alleged money laundering involving user funds.[2]
Following the withdrawal suspension, BKEX's social channels went inactive and its website went offline. As of January 2025, BKEX has not resumed operations.
References
[edit]- ^ a b Kauflin, Jeff. "The Anatomy Of A Fake Cryptocurrency Trade: How Exchanges Create Phony Transactions". Forbes.
- ^ a b "Crypto Exchange BKEX Suspends Withdrawals to Aid Money Laundering Probe". Finance Magnates. May 29, 2023.
- ^ Attico, Nicola (2020-06-04). Blockchain Ecosystem. Driving mass adoption. goWare & Guerini Next. ISBN 978-88-6896-343-9.