Coinone Exchange Overview
Coinone is a Centralized exchange that ranks #64 on BitDegree Exchange Tracker. Coinone has a trading volume of $46,873,401 in the last 24 hours and $37,172,306,697 in the last 7 days.
Coinone currently has 262 cryptocurrencies, 1 fiat currencies and 262 markets (cryptocurrency trading pairs). The most popular trading pair on Coinone is USDT/KRW.
Coinone is a South Korean centralized cryptocurrency exchange (CEX). Founded in 2014, it offers crypto-crypto and KRW-crypto trading on the Coinone spot market. Customers must comply with KYC requirements. The service is not available in the USA.
Markets
The Coinone cryptocurrency exchange offers spot trading as its primary service. Customers can trade using more than 170 listed tokens. Overall, there are over 195 Coinone trading pairs available for individual and institutional traders.
The Coinone spot market has a fixed maker-taker fee of 0.2%. However, customers that are part of the VIP or Market Maker (MM) programs are eligible for discounts and other benefits. The default and only fiat currency for listing Coinone crypto prices and trading is the Korean won (KRW).
There are requirements for the minimum and maximum order volume. The minimum Coinone volume for one order is 5,000 KRW, and the order amount must be at least 0.0001. The maximum order volume must not exceed 1 billion KRW. However, there’s no order amount limit.
Customers are eligible for the VIP Program if their monthly traded Coinone volume exceeds 3 billion KRW. VIP users receive benefits like multi-account functionality and IP whitelisting. The Coinone crypto fees discounts apply to the maker-taker fees. The VIP taker fee rate is 0.01%, while makers are not required to pay.
Members of the Market Maker (MM) program must provide continuous liquidity to the market. Only corporate traders can join the MM program. They receive various benefits in return. The Coinone exchange fees are discounted to 0% for makers and 0.01% for takers. Additionally, members receive closing fee exchange benefits.
There are no deposit fees or limits for the digital assets listed on the platform, as well as KRW. Withdrawal limits depend on the customer’s completed verification stage, and fees are asset-specific. There are two verification stages. However, additional individual or corporate steps are available upon request.
At Stage 1, the daily Coinone crypto price limit on withdrawals is up to 100 million KRW or 5 million KRW worth of digital assets for bank-verified users. Users who use other non-bank verification can withdraw up to 500 million KRW worth of virtual assets.
Stage 2 users must comply with the bank verification requirements if they wish to withdraw fiat currency. They can take out up to 100 million KRW or up to 20 million KRW worth of crypto daily. Non-bank verified users have a Coinone crypto price limit on withdrawals of up to 1 billion KRW worth of digital assets.
About the Company
The Coinone cryptocurrency exchange was founded in 2014 by Cha “Kevin” Myunghun. Over the years, it grew to become one of the biggest crypto exchanges in South Korea. The company headquarters are located in Seoul.
Market research conducted in September 2021 showed that the Coinone crypto exchange ranked as the third-largest in South Korea, falling behind Upbit and Bithumb. According to data, the average 24-hour Coinone trade volume was around $364 million.
In August 2021, Coinone was one of several South Korean crypto exchanges to submit a business report to the Financial Intelligence Unit (FIU). The audit was done to transparently show compliance with regional regulations. When the report is accepted, the exchange is considered accredited and can legally handle cryptocurrencies.
In December 2021, it was announced that Coinone would no longer allow withdrawals from wallet addresses that weren’t validated via the KYC verification process. The service ban was implemented in January 2022.
Cha Myunghun is the CEO of Coinone. He’s known as a white hacker who’s interested in digital security. Cha created the Coinone crypto exchange following the collapse of the Japanese bitcoin trading platform Mt. Gox.
FAQs
Coinone has a trading volume of $36,583,144 in the last 24 hours and $37,172,306,697 in the last 7 days. Coinone currently has 262 cryptocurrencies, 1 fiat currencies and 261 markets (cryptocurrency trading pairs). The most popular trading pair on Coinone is USDT/KRW.
Is Coinone a good exchange? ›
While Coinone is an excellent option for beginner and intermediate traders, those wanting more advanced features or a more comprehensive range of trading pairs may need to look elsewhere. Coinone's commitment to safety and compliance with regulatory standards makes it a trusted platform.
What is the volume of Coinone exchange? ›
Top markets
| Market | 24h volume |
|---|
| 1 USDT/KRW Coinone | $ 12.90 million $ 1.01 |
| 2 BTC/KRW Coinone | $ 8.92 million $ 68,108.46 |
| 3 ETH/KRW Coinone | $ 7.09 million $ 3,281.62 |
| 4 XRP/KRW Coinone | $ 3.85 million $ 0.603 |
1 more rowCoinone is owned by Dunamu Inc. (CEO Lee Seok-woo) and its Global Business Director, Mr. Alex Jin. It was incubated under Dunamu, a subsidiary of Kakao Corp, the company that owns South Korea's most popular messaging app called Kakao Talk.
What crypto has the highest volume trading pairs? ›
Markets on crypto exchanges
| Markets | Base price | 24h trade volume |
|---|
| 1 BTC/FDUSD Binance | $ 66,354.20 | $ 1.93 billion |
| 2 BTC/USDT Binance | $ 66,342 | $ 1.30 billion |
| 3 ETH/FDUSD Binance | $ 3,321.26 | $ 1.18 billion |
| 4 BTC/USDT Bybit | $ 66,309.55 | $ 973.82 million |
47 more rowsRegistering As a Coinone User
You can only register as a fully-functioning Coinone user if you are a South Korean citizen (living in South Korea or abroad) or if you are a foreign national with legal residence in South Korea.
How much can you withdraw from Coinone? ›
Users who use other non-bank verification can withdraw up to 500 million KRW worth of virtual assets. Stage 2 users must comply with the bank verification requirements if they wish to withdraw fiat currency. They can take out up to 100 million KRW or up to 20 million KRW worth of crypto daily.
Is crypto volume real? ›
Coming up, for better or worse, cryptos have been the talk of the town. But now, research suggests the majority of crypto trading volumes might actually be fake.
How do you trade with volume crypto? ›
How to use volume as a trading indicator
- Breakouts and Breakdowns: In both the crypto and traditional markets, a sharp increase in trading volume can validate the onset of a breakout (upward trend) or a breakdown (downward trend). ...
- Reversals: Low trading volume might signal a pending trend reversal.
Top Cryptocurrency Exchanges by Volume
Traded volume, ranked from highest to lowest: Binance: 10 billion dollars. Bybit: 6 billion dollars. OKX: 4 billion dollars.
Largest shareholders include Vanguard Group Inc, Fmr Llc, BlackRock Inc., Susquehanna International Group, Llp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Susquehanna International Group, Llp, Citadel Advisors Llc, Paradigm Operations LP, State Street Corp, and Citadel Advisors Llc .
Who bought Coinsmart? ›
Wonderfi wholly owns three Canadian based registered crypto trading platforms being Bitbuy, Coinsquare and Coinsmart, wholly owns SmartPay, a global crypto payment processing platform, and is the largest shareholder of Tetra, a leading Canadian digital asset custodian.
Who bought Coinmarketcap? ›
In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount. Forbes suggested that the deal could be worth $400 million.
Which crypto has 1000x potential? ›
Top of our 1000x potential list is Pepe Unchained. Pepe Unchained ($PEPU) introduces Pepe, the iconic meme avatar, on its own blockchain. Built on Ethereum's layer-two (L2) blockchain, Pepe Unchained offers unprecedented speed, low transaction costs, and high staking rewards.
Which crypto will boom in 2024? ›
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|
| Bitcoin (BTC) | $1.32 trillion | $67,217 |
| Ethereum (ETH) | $389 billion | $3235 |
| Binance Coin (BNB) | $84 billion | $575.82 |
| Solana (SOL) | $82 billion | $178.27 |
6 more rowsJul 26, 2024
1. Pepe Unchained ($PEPU) – Ethereum L2 Meme Token, Likely to Explode. We have picked Pepe Unchained ($PEPU) as the most likely meme token to explode in 2024. Pepe Unchained offers huge growth potential since it is built on Ethereum's efficient and transparent layer-two (L2) blockchain.
Is coin exchange legit? ›
CoinExchange.io Review
The exchange states that security is their priority. They employ an aggressive cold storage policy on all currencies in their system. The exchange also states that good support is second only to security and endeavour to answer any queries from customers as quickly as possible.
What is the best safest crypto exchange? ›
Best for Security: Kraken
Kraken is one of the oldest and most well-established global crypto exchanges with industry-leading educational resources and security features. Kraken is one of the safest crypto exchanges for investors looking to trade 200+ cryptocurrencies.
Which exchange has the most accurate crypto prices? ›
Some of the most widely used and trusted crypto price tracking sites are:
- CoinMarketCap.
- CoinGecko.
- CoinDesk.
- CoinTelegraph.
We checked and Cointrade is not regulated by a top-tier regulator, so you are better off avoiding it. We don't recommend opening an account at Cointrade.
