CoinEx Earn
🔴 High riskRegulation · Proof-of-Reserves · Flexible withdrawal · Insurance Fund · Track record (2+ years incident-free)
- +Highest stablecoin rates on our board (~13.25% USDT, ~12.43% USDC)
- +Publishes Merkle-tree proof-of-reserves, audited by SlowMist (1:1)
- +Flexible products with a $1 minimum; not our affiliate (no incentive to over-rate it)
- −Grade D — no major-jurisdiction licence and no real insurance fund
- −September 2023 hot-wallet hack of ~$70M (Lazarus Group suspected)
- −BTC/ETH yields above 10% read as promotional, not stable base rates
- ✗ Regulation
Founded in Hong Kong, operated by ViaBTC Group. Regulatory standing is less transparent than larger exchanges — no public Tier-1 (FCA/MAS/SEC) or VARA/MiCA licenses. Source →
- ✓ Proof-of-Reserves
Publishes Merkle-tree PoR since 2022, audited by SlowMist. Latest update May 2026, 1:1 (100%) coverage. Source →
- ✓ Flexible withdrawal
Flexible Savings with no lock period and hourly accrual. Fixed-term products are clearly timed. No withdrawal complaints.
- ✗ Insurance Fund
Shield Fund (10% of trading fees) and Insurance Fund (30% of margin interest) — together around $33M+ as of mid-2025. Small by industry standards. Source →
- ✗ Track record (2+ years incident-free)
September 2023 hot-wallet hack of ~$70M (attributed to Lazarus Group). The exchange paused withdrawals, resumed within ~9 days, fully compensated users without diluting its CET token, and recovered over ~9 months. Source →
Known incidents
1- September 2023 Hot-wallet hack of ~$70M via compromised private keys (Lazarus Group suspected). Withdrawals paused, mainstream assets reopened in ~9 days, all users fully compensated without diluting CET, full recovery in ~9 months. Source →
Yield products
as of Jun 18, 2026| Product | Rate | Type | Lock | |
|---|---|---|---|---|
| USDC | 12.4 % | flexible | — | Open |
| USDT | 13.3 % | flexible | — | Open |
| ETH | 11.6 % | flexible | — | Open |
| BTC | 10.6 % | flexible | — | Open |
How much will you earn?
Method: monthly compounding (1 + APR/12)ⁿ, where APR is the exchange's stated rate. The realized 12-month return is slightly higher due to reinvestment. Rates may change. Not financial advice.
This is not an affiliate link. Price for you doesn't change.
CoinEx review: what this platform is
CoinEx posts the highest stablecoin rates on our entire board — around 13.25% on USDT and 12.43% on USDC. It is the clearest example of why we rank by safety and not by the biggest number: despite those rates, CoinEx grades D.
The reasons are concrete. It's operated by ViaBTC Group out of Hong Kong with no licensing from a major regulator; it has no real insurance fund (only small fee-funded buffers); and in September 2023 it was hit by a hot-wallet hack of roughly $70M (attributed to the Lazarus group). It does publish Merkle-tree proof-of-reserves (audited by SlowMist), which is the one bright spot — but proof-of-reserves on a date doesn't offset missing regulation, no insurance, and a recent major breach.
A specific honesty note: CoinEx's BTC (~10.6%) and ETH (~11.6%) "rates" are above the level where flexible yields stop being base rates — we treat anything over 10% on BTC/ETH as promotional and flag it. The 13% on USDT is real but is compensation for real risk. If you use CoinEx, treat it as the high-risk end of the spectrum, not a free lunch. This review is not investment advice.
How Earn works on CoinEx
CoinEx Earn is flexible from $1, with about 13.25% on USDT, 12.43% on USDC, and double-digit figures on ETH and BTC. The stablecoin rates are genuinely the highest we track.
But read them as risk-adjusted: a venue with no major-jurisdiction licence and a 2023 hack pays more because depositors demand more to take the risk. The BTC/ETH numbers above 10% are flagged as promotional. Verify on CoinEx before depositing, and never deposit more than you can afford to lose here.
Pros
- + Highest stablecoin rates on our board (~13.25% USDT, ~12.43% USDC)
- + Publishes Merkle-tree proof-of-reserves, audited by SlowMist (1:1)
- + Flexible products with a $1 minimum; not our affiliate (no incentive to over-rate it)
Cons
- − Grade D — no major-jurisdiction licence and no real insurance fund
- − September 2023 hot-wallet hack of ~$70M (Lazarus Group suspected)
- − BTC/ETH yields above 10% read as promotional, not stable base rates
- − Highest rate on the board = highest risk; size accordingly
How to start on CoinEx, step by step
- 01 If you proceed: keep the position small — this is the high-risk end of the board.
- 02 Open a CoinEx account and go to Wealth/Earn; pick a flexible stablecoin product.
- 03 Treat the rate as a snapshot and check CoinEx's own proof-of-reserves page before trusting it with size.
Our verdict
CoinEx is the board's cautionary tale: the highest stablecoin rate (13%+) attached to a grade D — no major licence, no real insurance, a 2023 $70M hack. Proof-of-reserves is its one redeeming feature. The rate is real, but it's pure risk compensation. Fine only as a small, eyes-open allocation; not where you park money you can't lose. Not financial advice.
Compare CoinEx Earn with others
Asset-by-asset rates and risk grades