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2017 (9 Years)
Last online: No recent activity
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know DragonEx
Company Information
Get to know DragonEx
Launched in 2017 in Singapore, DragonEx was a cryptocurrency trading platform that offered crypto-to-crypto trading services. It gained popularity through its innovative transaction-fee-mining model and a system where holders of its native token, Dragon Token (DT), received a share of the exchange's daily profits as dividends. The platform suffered a major security breach in March 2019, resulting in the loss of millions of dollars in various cryptocurrencies. Despite attempts to recover and compensate users, the exchange struggled with liquidity and user trust. In November 2020, DragonEx officially announced the suspension of all services and ceased operations, citing the 2019 hack and a subsequent industry-wide liquidity crisis as the primary reasons for its failure.
Industry
Review Analytic
toyov936
Direct
Excellent
Overall Thought
It is user-friendly, with a simple and intuitive interface that allows users to make transactions quickly and efficiently and their customer support is responsive 24/7 .The platform offers a range of trading options, including spot trading, margin trading, and futures trading
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