Hong Kong-based crypto trading platform – CoinEx – has taken the lead in terms of a daily trading volume.
According to the available data, the platform processed transactions for $1.46 billion in total (230,000 BTC), and thus it removed Binance from the leading position with daily results reaching $1.25 billion over 24 hours.
As for CoinEx, the platform is said to be based on the trans-fee mining pattern, which covers the launch of its own ERC-20 token called CET to be used for fee payments or traders rewards.
According to the company report, they consider the possibility to launch OTC trading services and transfer the token to a separate public blockchain.
Notably, many players in the crypto market come down on the trans-fee pattern. Specifically, they believe that the exchanges with such trading models are used mostly by numerous bots. This actually gives the way for manipulation of different cryptos.
Earlier, the daily trading leaders were Singapore-based CoinBene exchange and Hong Kong-based Bit-Z. It is worth mentioning that these platforms also run the trans-fee model.