Coinone Celebrates 9th Anniversary... "Accelerating Efforts to Improve Service Quality"

[Asia Economy Reporter Lee Jung-yoon] Coinone, a domestic virtual asset exchange, announced on the 21st its ambition to focus on product advancement and diversification of Coinone Plus products in celebration of its 9th anniversary.

Coinone was founded on February 20, 2014, and as of February this year, Coinone's cumulative transaction volume reached 434 trillion KRW, with a total of 2.54 million registered members. The number of new sign-ups rapidly increased after partnering with Kakao Bank for real-name accounts.

Coinone also disclosed customer analysis statistics. The main member groups were those in their 30s and 40s, each accounting for 30%, followed by those in their 50s at 19%. On the other hand, as the virtual asset downturn prolonged, those in their 20s accounted for only 13%. By gender, males made up 67%, and females 33%, with males being about twice as many.

Coinone users predominantly traded via the mobile app, with a trading ratio of 89.9%, overwhelmingly higher than the web at 10.1%. The most active trading hours were during commuting times, from 9 to 10 a.m., and the most traded virtual assets were Bitcoin, Ripple, and Ethereum, in that order.

Based on its security technology, Coinone has maintained a record of zero security incidents for nine years. Leveraging the trust built as the safest exchange, this year it plans to accelerate product advancement and diversification of staking products. Accordingly, Coinone recently updated features such as automatic application of quote units within the exchange and an order book aggregation view. Additionally, through its non-trading virtual asset service Coinone Plus, it plans to launch more than one product every month.

Cha Myung-hoon, CEO of Coinone, stated, "Since its establishment, Coinone has led the way in building a safe virtual asset investment culture and providing services that quickly respond to industry trends and investor needs," adding, "With the historic 10th anniversary approaching this year, we will intensify efforts to improve the overall quality of services for exchange users."