Which Country is WEEX Exchange From?

Which country’s exchange is WEEX? This question, which crypto investors are curious about, is being asked more frequently with WEEX’s rising popularity. Established in 2018, WEEX stands out as a global platform. So, who are WEEX’s founders, what are its sponsors, and is it reliable? We have thoroughly researched WEEX’s origins, security measures, protection fund, and user experiences.

WEEX is a cryptocurrency exchange established in Singapore in 2018. The platform, which offers spot and futures trading, supports over 600 cryptocurrencies. WEEX stands out with its low trading fees, 200x leverage, and user-friendly interface, serving more than 5 million users. However, investors are curious about WEEX’s origins, founders, and reliability.

In this article, we will examine in detail which country’s exchange is WEEX?, its founders, sponsors, the 1000 BTC protection fund, and user reviews. Additionally, we will answer highly searched questions such as “Is WEEX reliable?”, “What are WEEX’s trading fees?”

Which Country’s Exchange is WEEX?

It was established in Singapore in 2018. Singapore is an ideal hub for cryptocurrency exchanges because it is known for its innovative financial regulations and strong technological infrastructure. WEEX operates as a global platform and provides services in many countries such as the USA, Canada, Japan, South Korea, Turkey, India.

The platform was founded with a $100 million investment, which came from a leading blockchain investment firm in Singapore. This demonstrates that WEEX has a strong financial foundation. However, some users have reported issues like withdrawal delays on the X platform. Therefore, WEEX’s reliability is as much a topic of discussion as its origins.

Who are WEEX’s Founders?

WEEX’s founder and CEO is Peter. Peter manages the platform’s overall strategy and operations. WEEX is supported by an experienced team from prestigious institutions such as Wall Street, Silicon Valley, Citibank, and Google. This team strengthens the platform’s technical infrastructure and provides a user-friendly experience.

WEEX’s management team is located in different regions such as Singapore, Taiwan, and Dubai. This global distribution contributes to the platform’s rapid growth worldwide. However, more personal information about the founders has not been shared with the public, which may raise transparency concerns for some users.

WEEX’s Sponsors and Investors

WEEX was established in 2018 with a $100 million investment. This investment came from a leading blockchain investment firm in Singapore, although the firm’s name is not specified in official sources. With this strong financial support, the platform showed rapid growth and increased its user base from 2 million to 5 million in 2024.

While no specific company or brand is explicitly mentioned among WEEX’s sponsors, the platform’s strategic partnerships are noteworthy. For example, WEEX has established a “WXT Ecosystem Fund” to list projects and support Web3 innovations. This fund has allocated 1.5 billion WXT tokens to support emerging projects.

WEEX’s 1000 BTC Protection Fund

WEEX has established a 1000 BTC protection fund to safeguard user funds. This fund provides a safety net against potential losses, and its address is publicly shared for transparency:

Have you read it?

Bybit Restricted Countries – Services Are Not Offered and Why

bc1qufzpe776gv25v3ejv0a8vk07vhqpelql9jl0cv

During the 2022 bear market, WEEX added 10 million USDT to this fund. Additionally, in an ETH/USDT trading anomaly in 2025, WEEX compensated 5,022 users with $6.12 million. This demonstrates the platform’s commitment to user security. However, some users have expressed doubts about the fund’s effectiveness on X.

WEEX’s Security Measures

1. Two-Factor Authentication (2FA): 2FA is mandatory to enhance account security.
2. Cold Wallet Storage: Most user funds are stored offline, reducing cyber attack risks.
3. Proof of Reserves (PoR): WEEX regularly publishes reserve proofs to verify fund security.
4. Double-Layer Risk Control: Transactions are monitored with AI and manual risk control systems.

These measures show that WEEX is serious about security. However, on the Certified platform, WEEX’s security ranking is 77th, which is lower than industry leaders.

WEEX’s Reliability Analysis

WEEX attracts attention with high trading volume on CoinGecko and CoinMarketCap. Its daily trading volume exceeds $2.5 billion, and its trust score is 7/10. The platform offers competitive rates such as 0% spot trading fees and 0.06% futures taker fees. Additionally, 200x leverage is appealing for advanced investors.

However, user reviews on X are mixed. Some users complain about withdrawal delays, futures trading issues, and slow customer support. For example, one user noted that a delisted coin was removed with only 2 hours’ notice. Such issues may affect WEEX’s reliability perception.

WEEX’s Licenses

1. US MSB License: Issued by FinCEN, providing permission to operate in the US.
2. Canada MSB License: Regulated by FINTRAC, offering reliability in North America.
3. SVGFSA License: License obtained from St. Vincent and the Grenadines.
4. AUSTRAC License: Licensed for financial services in Australia.

Note: WEEX is not registered for securities trading in Ontario, Canada (OSC), and a warning has been issued to exercise caution in this region.

WEEX’s Advantages and Disadvantages

Advantages

• Low Fees: 0% spot, 0.06% futures taker fee.
• High Leverage: Up to 200x leverage option.
• Wide Crypto Support: 600+ coins and 700+ trading pairs.
• Protection Fund: 1000 BTC security fund.

Disadvantages

• User Complaints: Withdrawal delays and delisting notification issues.
• Customer Support: Response times are insufficient for some users.
• Limited Fiat Support: No fiat deposit/withdrawal available.

Frequently Asked Questions