As the cryptocurrency market continues its impressive rise, we sat down with Haipo Yang, the driving force behind CoinEx, to explore the dynamics between Ethereum and Bitcoin. The founder of a globally recognized trading platform serving millions of users worldwide talked about his entrepreneurial journey and shared some thoughts on why ETH could soon take the lead in the cryptocurrency industry.
Inspired by Decentralization
Haipo Yang’s journey began in 2011, during the first Bitcoin bull market, where he witnessed the potential of blockchain technology. He recalls that a headline, “Bitcoin is the most dangerous open source project ever created,” made a strong impression on him and made him realize that Satoshi was pioneering a supra-sovereign currency outside government control – which was something entirely new.
Early financial markets were decentralized – no central banks or excessive regulations, just organic growth. Blockchain finance recaptures this freedom: individuals control their assets, are not blocked, and can transact freely. This freedom makes prosperity possible. This spirit of freedom forced me to enter the industry. Creating wealth personally also motivated me, but liberating finance through blockchain made much more sense.
Inspired by Bitcoin’s decentralization principle, Haipo founded CoinEx with the vision of unleashing financial freedom through innovation. Overcoming challenges in teaming, security and compliance, Haipo has remained true to its mission of creating a user-centric platform for easy trading and investing.
Haipo works with transparency and responsibility, emphasizing sustainable growth over short-term gains. Prioritizing user interests, CoinEx strives to improve the transaction experience and prioritize user satisfaction.
First of all, we are a stock exchange that embraces long-termism. We create and implement strategies with the principle of ensuring the sustainability and stable growth of the company, and we do not engage in narrow-minded behavior for short-term interests. Second, we do not do evil. We always operate and manage the company with the principles of honesty, transparency and responsibility and do nothing unethical. Finally, we always put users’ interests first, hoping to proactively solve users’ problems and needs. Whether it is technical support, customer service or product development, we always focus on improving the user experience to ensure that our products do not “bother” users and that users can trade and invest on our platform with confidence.
Reflecting on the qualities required for blockchain entrepreneurs, Yang emphasizes flexibility, responsibility and keen observation. The crypto space is still full of uncertainties and variables, so entrepreneurs need to overcome many challenges and capture industry trends and opportunities while paying attention to rapid changes in the market.
The Rise of Ethereum
The founder of CoinEx shares his views on the Bitcoin Halving and Ethereum Dencun Upgrade, two of the hottest topics shaping the cryptocurrency market right now. While halvings have historically been associated with bullish trends, it highlights the broader impact of market sentiment and institutional adoption, noting in particular the recent approval of the BTC ETF as a key driver of market optimism.
I think the most important reason is that the launch of the BTC ETF allows Bitcoin to enter the mainstream world. On the one hand, we can see that a large amount of money is flowing into the Bitcoin market. On the other hand, it has changed many people’s views and opinions about the cryptocurrency market, which I think may be a more important reason. When the SEC adopted the BTC ETF, many people’s concept of Bitcoin changed from “fraud” to “valuable” because they believed in the authority. We don’t say how much trading volume and capital inflows the ETF brought, but it did make more people understand and know about it. This may be the main reason that triggered this period of the bull market.
Although Bitcoin is still the most common asset and attracts great attention, its development almost stopped long ago. Bitcoin’s core protocol is relatively stable and there have been no fundamental changes since Satoshi Nakamoto’s introduction. Despite some soft fork upgrades, this has little impact on the network and development activity has been relatively stagnant.
In contrast to Bitcoin’s stagnation, Haipo points to Ethereum’s vibrant ecosystem and active development. Its move to Proof-of-Stake positions ETH as a pioneer in blockchain evolution. Haipo predicts that Ethereum has the potential to surpass Bitcoin thanks to its deflationary model and constant innovations.
The evolution from PoW to PoS has greatly reduced network operating costs and reduced energy consumption, making deflation possible. In the future, the rate of deflation may increase as costs fall further. At the same time, Ethereum has gained an important position in the blockchain and cryptocurrency industry by actively expanding its capacity to constantly meet the needs and technical challenges of new markets.
The CEO believes that Ethereum’s market cap will surpass Bitcoin in this bull market round because as more people participate, more funds and applications will flow into the ecosystem. Compared to BTC, ETH’s long-term growth will be higher. Increasing trading volume and possible ETFs, as well as broader use in the real world, are signs investors should pay attention to.
Addressing Ethereum competitors, Haipo acknowledges Solana’s centralized approach but underlines Ethereum’s built-in ecosystem and path dependency. Despite emerging competitors, Ethereum’s flexibility and developer loyalty strengthen its dominance in the blockchain landscape.
Although there are some competing projects known as “Ethereum killers”, most of them no longer exist. The only project currently challenging is Solana, which has chosen an incompatible route with Ethereum, which is generally quite centralized. This centralization manifests itself in two aspects: first, the centralization of the consensus network, which is extremely expensive and relies on supernodes; Secondly, the centralization of the entire ecosystem, which depends on the support and promotion of the project side. To be honest, Solana is a bit against the concept of blockchain decentralization and it can be said that it is fragile.
Adapting to Market Dynamics
In his closing remarks, Haipo considers CoinEx’s responsiveness to traders and investors’ needs, localization efforts, and product excellence as key differentiators. Focusing on asset quality, global accessibility and user experience, CoinEx aims to empower people on their crypto journey. As a cross-chain exchange, the platform acts as a gateway to the crypto world and supports a wide range of public chains. With initiatives such as CoinEx Wallet and strategic foresight, the exchange envisions facilitating seamless access to digital assets and becoming a reliable infrastructure.
In terms of assets, we adhere to the principle of “Good, Fast and Comprehensive” to help users pre-filter risks and screen high-quality and high-potential projects. Secondly, I think that as a global exchange, we attach great importance to the development of trading localization and adopt different localization strategies for different regions and markets. To better serve diversified global customers, we provide support in 16 languages and 24-hour customer service with our system covering more than 200 countries. Finally, the product. We focus on the development of core products and functions, hoping to use our expertise to consider and solve users’ problems and bring them a comfortable and enjoyable transaction experience.
In 2024, CoinEx prioritizes improving user transaction experience and providing valuable content through platforms such as CoinEx Research Institute and CoinEx Academy. The CEO encourages both new and experienced investors to embrace change, stay informed and seize opportunities, noting that the current market is completely different from just a few years ago.
The entire industry, hot topics and stories are constantly changing, but many investors are still clinging to old ideas. They are being relatively conservative, whether in terms of price or assets. I think everyone should see themselves as a new investor and constantly learn to evaluate the opportunities offered by the market. CoinEx is committed to providing users with high-quality and up-to-date information to help them make informed investment decisions.
Disclaimer: This is a sponsored content and press release and what is written here cryptokoin.com It does not reflect the views of the team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform.
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