CoinW Reveals Long-Term DEX Ambition at Future Blockchain Summit in Dubai
TL;DR
CoinW solidifies its position as a key player in the crypto industry through high-profile sponsorships and ecosystem partnerships.
CoinW's strategic emphasis on expanding ecosystem partnerships and evolving into a decentralized exchange is driving its growth and influence.
CoinW's focus on fostering industry relationships and evolving into a decentralized exchange is paving the way for a more inclusive and decentralized crypto ecosystem.
CoinW's exclusive after-party at the Future Blockchain Summit brought together industry movers, influencers, and key media partners for a truly immersive experience.
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CoinW, a prominent global cryptocurrency exchange, has successfully concluded its participation in the Future Blockchain Summit in Dubai, marking its second major event in the city this year. The summit, which attracted over 70,000 attendees and more than 1,200 investors, provided a platform for CoinW to showcase its growing focus on ecosystem partnerships and reveal its ambitious long-term plans.
In a significant announcement during the event, CoinW's CEO Sonia Shaw disclosed the company's ultimate goal to transition from a centralized exchange (CEX) to a decentralized exchange (DEX). This revelation came during a panel discussion on centralized and decentralized compliance, where Shaw stated, "CEX is currently the easiest route, but eventually, everyone will transition to DEX. While 80% of new users today are onboarded through centralized exchanges, our ultimate goal at CoinW is to become a DEX."
This strategic shift could have far-reaching implications for the cryptocurrency trading landscape. As a 7-year-old exchange serving 13 million users worldwide, CoinW's move towards decentralization could potentially influence market trends and user preferences in the coming years. The transition from CEX to DEX aligns with the growing demand for more decentralized and autonomous financial systems within the crypto community.
The Future Blockchain Summit, backed by the Dubai government and regulators, featured a diverse range of exhibitors covering industries such as blockchain and AI. CoinW's participation included co-exhibiting with the Dubai Blockchain Center, further solidifying its local partnerships. The company also hosted an exclusive after-party, bringing together around 100 industry leaders, including key media partners, institutional partners, and influential project teams.
CoinW's strategic focus on expanding ecosystem partnerships was evident throughout the event. This approach, coupled with its long-term DEX ambition, positions the company at the forefront of the evolving cryptocurrency exchange landscape. As the industry continues to grapple with regulatory challenges and technological advancements, CoinW's vision could potentially set a new standard for cryptocurrency exchanges worldwide.
Curated from BlockchainWire
