With the increasing popularity of cryptocurrency assets and the rapid development of the trading market, P2P trading has become an important part of cryptocurrency trading. In this trading model, users can freely buy and sell cryptocurrencies and enjoy more flexible trading methods. On March 7, 2025, CoinEx, a leading global cryptocurrency trading platform, officially launched the Merchant Security Deposit mechanism for P2P trading. This initiative will further ensure the safety of user funds, enhance trading transparency and fairness, and provide more reliable trading protection for the platform’s global users.
P2P Trading Supports Multiple Fiat Currencies and Payment Methods for More Convenient Transactions
Since its launch, CoinEx’s P2P trading feature has been highly praised by users worldwide. The platform currently supports the buying and selling of USDT with more than 20 fiat currencies and over 300 payment methods, catering to the trading needs of users in different countries and regions. Through P2P trading, users can choose the appropriate fiat currency and payment method for trading based on their needs, making cross-border payments and cryptocurrency trading more convenient and efficient.
However, as the P2P market in the industry continues to develop, the risks in the trading environment have gradually become apparent. To protect the rights and interests of users and merchants and optimize the trading environment, CoinEx decided to launch the Merchant Security Deposit mechanism on March 7, 2025, to jointly safeguard fund security. The introduction of this mechanism not only provides stronger protection for user transactions but also creates a fairer competitive environment for merchants.
Merchant Security Deposit Mechanism: Ensuring Transaction Security
The introduction of the CoinEx Merchant Security Deposit mechanism aims to further ensure the security and transparency of the platform’s trading environment, providing more reliable protection for user funds. The specific deposit arrangements also provide merchants with clear operational guidelines:
1. Registered Merchants: Pay the deposit on time to ensure no impact on trading privileges
For registered merchants, the platform requires them to replenish the deposit within the specified time, otherwise, some merchant privileges will be restricted. Merchants must complete the deposit payment by 00:00 (UTC) on March 14, 2025, to avoid affecting their normal operations.
2. New Merchants: Must complete certification and pay the deposit to activate merchant status
For new merchants, the platform requires that they complete advanced identity verification and pay the deposit before they can apply for merchant status and enjoy advertising posting privileges, further standardizing the platform’s merchant onboarding process.
3. Merchant Security Deposit Payment Is Simple and Quick
Merchants can easily complete the deposit process through CoinEx’s official website. By navigating to the “Account Management” section in the “Merchant Dashboard,” they can quickly pay the deposit. The platform provides a convenient interface and clear instructions to ensure merchants can complete the procedure without any obstacles.
Enhancing Platform Security and Trust, Building a Secure Trading Ecosystem Together
The introduction of the Merchant Security Deposit mechanism will significantly enhance the security and transparency of platform transactions, reducing the risk of malicious operations. Through this fund protection mechanism, CoinEx not only protects user interests but also provides merchants with a fair market environment, fully reflecting CoinEx’s commitment to prioritizing the rights and interests of both users and merchants.
CoinEx looks forward to working with global merchants and users to jointly promote the platform’s continuous development. Through the implementation of the Merchant Security Deposit mechanism, CoinEx will inject new vitality into the P2P trading market and promote the development of the cryptocurrency asset trading ecosystem towards higher standards.
