Hopex Overview
Hopex launched in 2018, officially registered in Seychelles and fronted from Singapore, with a derivatives-first focus. It supports perpetual futures on major coins and CNY fiat deposits. On paper it looks legit - but data gaps and limited presence raise big questions today.
Trading volume & market visibility
CoinMarketCap currently flags Hopex as an "untracked listing." That means daily volume data is missing or too thin to register properly. One volume tracker shows only around $100k in daily crypto volume - barely a blip. This puts Hopex in a category of forgotten offshore exchanges rather than active derivatives hubs.
Product suite & trading experience
The platform offers spot and perpetual futures, plus a referral rewards system and mobile app. It claims low fees and fast execution. Reviews from users in 2020-2021 praised easy registration, clean UI and functional mobile support. But more recent mentions highlight slow site performance and small token selection.
Regulation & security setup
Hopex is not regulated by major jurisdictions. It holds a Seychelles certificate and operates from Singapore, but lacks mainstream licensing. Users say it stored funds offline in cold storage. There’s no public audit report or proof of reserves. Security seems adequate but not transparent.
Community sentiment & feedback
User ratings are mixed but generally positive:
"Very easy to register and use," wrote one reviewer, adding that transaction fees felt reasonable. Another flagged slow web performance but praised the mobile app. Complaints include limited token offering and sluggish withdrawal processing during busy times.
The last active reviews date to 2022, with silence since then. The website might have gone offline in late 2024, per some third-party uptime monitors. That raises concern over current reliability.
Pros & cons at a glance
- Pros
- Easy onboarding with clean user interface
- Basic derivatives access for CNY traders
- Mobile app available with functional trading
- Cons
- Practically zero tracked volume or liquidity
- No major regulation or audit transparency
- Dated support and slowdowns during peak use
- Possibly offline or abandoned since 2024
Final verdict - ghost of an exchange
Hopex once looked like a no-name derivatives platform with some features - futures, app, bonuses. But today it feels like a ghost. Tracked volume is gone, reviews are years old, and the site status is questionable. Even if it still runs, it’s a relic lacking liquidity, oversight or activity.
If you want derivatives today, established exchanges with active markets, compliance, and transparency are better. Hopex is safe to skip - unless you just want to try a frozen museum of legacy offshore crypto services.