According to ChainCatcher, at the "Web3 Future Night" event, CoinUp.io shared a keynote speech titled "Financial Infrastructure of Web3: The Convergence of Stablecoins and CaaS".

CoinUp.io stated that it currently has over 300 spot trading pairs, with daily active users exceeding 15,000 and daily trading volume breaking $5 billion. The platform serves over 200 countries globally, with 61% of users from Asia, and 11% each from Africa and Southeast Asia. CoinUp.io also announced the establishment of a protection fund to provide emergency protection for user assets. Currently, the CoinUp protection fund is valued at $50 million, with BTC and USDT available for immediate withdrawal. CoinUp promises to maintain the protection fund's value at over $200 million in the next three years.

It is understood that CoinUp.io is a one-stop cryptocurrency derivatives trading platform where users can trade traditional financial products and derivatives, such as commodities, forex, indices, and US and Hong Kong stocks, all using USDT.

The "Web3 Future Night" event was jointly hosted by ChainCatcher and the digital asset platform CoinUp.io, bringing together thought collisions and business opportunities.