Which Country is WEEX Exchange From?

Which country is WEEX Exchange from? This question is trending among crypto investors as WEEX gains popularity. Founded in 2018, WEEX is a global crypto platform making waves. Who are its founders, sponsors, and is it reliable? We’ve researched WEEX’s origins, security measures, 1000 BTC protection fund, and user feedback in detail.

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WEEX Exchange, established in 2018 in Singapore, is a leading cryptocurrency trading platform. It offers spot and futures trading, supporting over 600 cryptocurrencies. Known for low fees, up to 200x leverage, and a user-friendly interface, WEEX serves over 5 million users. Yet, investors are curious about its origins, founders, and reliability.

In this article, we explore which country WEEX Exchange is from, its founders, sponsors, 1000 BTC protection fund, and user experiences. We also address high-traffic questions like “Is WEEX reliable?” and “What are WEEX trading fees?” to provide a complete overview.

Which Country Is WEEX Exchange From?

WEEX Exchange was founded in 2018 in Singapore. Singapore is a hub for crypto exchanges due to its innovative financial regulations and robust tech infrastructure. WEEX operates globally, serving users in countries like the USA, Canada, Japan, South Korea, Turkey, and India.

The platform launched with a $100 million investment from a top Singapore-based blockchain investment firm. This strong financial backing underscores WEEX’s solid foundation. However, some users on X report issues like withdrawal delays, making reliability a key discussion alongside its origins.

Who Are the Founders of WEEX Exchange?

WEEX’s CEO is Peter, who leads the platform’s strategy and operations. The team comprises experts from prestigious institutions like Wall Street, Silicon Valley, Citibank, and Google, bringing deep blockchain and financial expertise. This strengthens WEEX’s technical infrastructure and user experience.

The management team is distributed across Singapore, Taiwan, and Dubai, supporting Philly supporting global growth. However, limited personal details about the founders raise transparency concerns for some users.

WEEX’s Sponsors and Investors

WEEX was established with a $100 million investment from a leading Singapore blockchain investment firm, though its name isn’t publicly disclosed. This funding fueled WEEX’s rapid growth, increasing its user base from 2 million to 5 million in 2024.

While specific sponsors aren’t named, WEEX has strategic partnerships, including the “WXT Ecosystem Fund,” allocating 1.5 billion WXT tokens to support Web3 startups. These initiatives highlight WEEX’s commitment to innovation, though some users seek more clarity on its backers.

WEEX’s 1000 BTC Protection Fund

WEEX prioritizes user safety with a 1000 BTC protection fund to cover potential losses. The fund’s address is publicly shared for transparency:

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During the 2022 bear market, WEEX added 10 million USDT to this fund. In 2025, it compensated 5,022 users with $6.12 million for an ETH/USDT trading anomaly, showcasing its commitment to users. Still, some X users question the fund’s effectiveness.

WEEX’s Security Measures

1. Two-Factor Authentication (2FA): Mandatory for enhanced account security.
2. Cold Wallet Storage: Most user funds are stored offline, reducing cyberattack risks.
3. Proof of Reserves (PoR): Regular audits verify fund safety.
4. Dual-Layer Risk Control: AI and manual systems monitor transactions.

These measures reflect WEEX’s security focus. However, its Certified security ranking of 77th suggests room for improvement compared to industry leaders.

Is WEEX Exchange Reliable?

WEEX boasts high trading volumes on CoinGecko and CoinMarketCap, exceeding $2.5 billion daily, with a trust score of 7/10. It offers competitive fees—0% for spot trading and 0.06% taker fees for futures—plus up to 200x leverage for advanced traders.

Yet, X feedback is mixed. Some users report withdrawal delays, futures trading issues, and slow customer support. For instance, one user noted a coin delisting with only a 2-hour notice. These concerns impact WEEX’s reliability perception.

WEEX’s Licenses

1. US MSB License: Issued by FinCEN, enabling US operations.
2. Canada MSB License: Regulated by FINTRAC for North American trust.
3. SVGFSA License: From St. Vincent and the Grenadines.
4. AUSTRAC License: For financial services in Australia.

NOTE: WEEX is not registered for securities trading in Ontario, Canada (OSC), so users there should exercise caution.

WEEX Exchange Pros and Cons

Pros

• Low Fees: 0% spot, 0.06% futures taker fees.
• High Leverage: Up to 200x for futures trading.
• Wide Crypto Support: Over 600 coins and 700+ trading pairs.
• Protection Fund: 1000 BTC for user safety.

Cons

• User Complaints: Withdrawal delays and delisting issues.
• Customer Support: Slow response times for some users.
• Limited Fiat Support: No fiat deposit/withdrawal options.

Frequently Asked Questions