comparison · CEX (no/threshold KYC)
BloFin vs CoinEx
Both are listed in CEX (no/threshold KYC). The table below pulls directly from each service’s data sheet; see each entry for sourcing.
| Field | BloFin | CoinEx |
|---|---|---|
| KYC | tiered KYC | tiered KYC |
| Category | CEX (no/threshold KYC) | CEX (no/threshold KYC) |
| Jurisdiction | Cayman Islands (operator-disclosed) | Hong Kong (operator-disclosed) |
| Payment methods | crypto | crypto |
| Fiat on-ramp | no | no |
| Custodial | yes | yes |
| Open source | no | no |
| Founded | 2022 | 2017 |
| Last verified | Jan 1, 2026 | Jan 1, 2026 |
BloFin — summary
BloFin is a younger derivatives-focused CEX in the tiered-KYC bucket.
- + Liquid derivatives venue without immediate KYC ask.
- + Crypto-only deposits avoid bank-rails verification entirely.
- − Newer operator with shorter public track record.
- − Tier limits and KYC enforcement are operator-managed; recheck before relying on a flow.
- − Derivatives trading involves liquidation risk separate from custody risk.
CoinEx — summary
CoinEx is one of the older mid-tier CEXes that has been usable without KYC up to thresholds.
- + Long operating history; one of the older Chinese-roots CEXes.
- + Decent spot coverage on mid-cap listings.
- − Custodial exposure.
- − Tier thresholds and KYC enforcement are operator-managed and have moved.
- − A September 2023 hot-wallet hack (~$70M reported) is the most material historical incident; user funds were reimbursed but it is the kind of event that informs operator risk-aversion thereafter.
When to choose which
Treat this section as heuristic. Privacy properties depend on how you use the service, not just which one you pick.
- Choose BloFin if liquid derivatives venue without immediate kyc ask..
- Choose CoinEx if long operating history; one of the older chinese-roots cexes..
- Either way, re-check the entry’s last verified date — the CEX (no/threshold KYC) category churns.
Compared as of .