Is the FameEX exchange legal?
The FameEX platform is a legal and compliant cryptocurrency exchange. The brand was established in 2018 and officially launched in 2020, and is a global new-generation digital asset derivative trading "tool" platform. The FameEX brand was born in Singapore and has established branch offices in countries such as Australia, the United States, and the United Arab Emirates. It has obtained financial licenses in Singapore, Australia, and the United States, and operates related businesses in compliance with regulations in 14 other countries and regions.
Which countries regulate the FameEX exchange?
Due to the differences in regulatory policies in various countries, FamEX platform operates in compliance with different entities in each country. To better align with Singapore's policies, FameEX operates in Singapore in the form of a foundation and is directly supervised by the Monetary Authority of Singapore (MAS). In Australia, FameEX has legally registered as an international financial company and is regulated by the Australian Securities and Investments Commission (ASIC), holding an Australian virtual asset trading license. This form not only complies with the cryptocurrency regulatory policies of each jurisdiction, but also meets the practical needs of FameEX's globalization process.
Where does the FameEX platform team come from?
The FameEX exchange team is mostly from well-known universities such as the National University of Singapore, the University of Melbourne, and Tsinghua University, or from leading companies in the industry such as top exchanges, top public chain development teams, and traditional Internet giants. FameEX exchange founder Lee BoonGin studied computer engineering at the National University of Singapore and has many years of experience working at the Singapore Commodity Exchange. In 2018, he led the team to establish the "FameEX" brand. The Chief Operating Officer, Hunter Shannon, who has a background as an angel investor, has rich project entrepreneurial and operational experience, and has actively invested in well-known blockchain projects such as Link and VLX as an angel investor. FameEX's Technical Director, Carl Wang, leads the technical team and has developed FameEX's own "third-generation turbine memory matching system" after years of R&D, which can handle 1 million transactions per second at its peak, placing it in the top tier of the industry.
Is the FameEX platform safe?
The funds of FameEX platform users are very secure, which is closely related to the distinctive personality and forward-looking strategic vision of the Chief Operating Officer, Hunter Shannon. He has proposed that under the environment where the trading market rules and regulations are not yet complete, the FameEX brand should adhere to its original intention and steadily move forward with the user as the core. FameEX exchange is required to "selectively list coins", only listing high-quality coins to reduce user trading risks and comprehensively ensure a fair and free competitive environment.
Selective coin listing, rational investment
Mr. Lee BoonGin, the founder of the FameEX platform, was an early investor and evangelist of Bitcoin and Litecoin. In the era of the savage growth of the cryptocurrency market, he was one of the few first-line investors who personally experienced various trading traps. After experiencing multiple black swan events and multiple trading failures, Lee BoonGin formulated the brand mission of "reducing user trading risks and creating a fair and free trading environment" for the FameEX exchange. The consistent "selective coin listing" principle of the FameEX exchange was born from this. The FameEX exchange's coin listing team strives to screen better quality coins for users from the project source, and discover valuable investment opportunities worth paying attention to for users.
Establish a risk reserve fund and improve the customer service feedback mechanism
Since last December, the FameEX trading platform has launched the "Protecting User Assets" section on its official website, which includes two categories: "Wallet Assets" and "Risk Reserve Fund". As of now, the total amount of the FameEX platform's risk reserve fund has reached 7,894,331.94 USDT. The launch of the "Protecting User Assets" section is another important move by FameEX to protect user rights and interests, in addition to the four-tier hierarchical technical protection function, aiming to provide users with more transparent asset protection and enhance user trading confidence for a better user experience.
