When was the xmex cryptocurrency contract exchange established (when did cryptocurrency contracts start)?

When was the xmex cryptocurrency contract exchange established when was the xmex cryptocurrency contract exchange established?

On May 28, 2020, the Shanghai Securities News reported that according to the Shanghai Municipal Administration for Market Regulation’s “Risk Warning on Further Preventing Illegal Fundraising, Fraud, and Pyramid Scheme Activities in the Name of ‘Virtual Currency’ and ‘Blockchain’,” there have been multiple cases of token issuance through ICOs (such as AntChain) in the market. It is reported that this financing project is a digital asset trading platform invested by a well-known individual private fund in 2017, and 10,000 BTC has been used to invest in Bitcoin. Xmex officially started registration in the third quarter of 2018. By the end of 2019, the project had accumulated investments exceeding 20 million RMB.

When did cryptocurrency contracts start?

According to Coin News, digital cryptocurrency contract delivery trading started on January 6, 2019 at 12:00 Singapore time. According to Article 7 of the Contract Law, futures contracts for digital assets are managed and custodied by a brokerage firm. If the exchange fails to meet the minimum requirements and comply with anti-money laundering rules, the brokerage firm will be unable to provide services to its clients.

For novice investors, they should first learn how to purchase mainstream cryptocurrencies such as Bitcoin and Ethereum. Then, they can enter the field of encrypted digital finance to understand various types of derivative markets.