Launched in 2017, CoinEx reported $1,5 bln trading volume in the past 24 hours, beating the previous leader Binance. CoinEx was the first platform to use the ‘mining-via-transactions’ model, which allows the platform to create their own tokens and use them to reward its traders. However, such model is criticized by the community, as it may lead to fraudulent manipulations. In addition, CoinEx implements a program for the purchase of its own tokens, using for this 20% of its monthly income, and then destructing the tokens. The first destruction of 37,851,179 CET took place on 1 July.