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Singapore, July 17, 2024 - BlockBeats, a leading crypto media outlet, recently had the privilege of interviewing Andrew Weiner, the new Vice President of WEEX English Market. With a rich background in the cryptocurrency industry, Andrew shared his career insights, the advantages of WEEX, and the platform’s future plans.
BlockBeats: Can you give a quick overview of your experience in the cryptocurrency industry? I noticed you were the VP at MEXC Global
Andrew Weiner: I started at iComply Investor Services, where I developed a patented off-chain cryptographic verification system for securely processing sensitive consumer data in compliance with Travel Rule requirements.
Later, I joined MEXC Global, eventually becoming Vice President and spokesperson. During my time there, I helped grow the user base from 6 million to 12 million by forming strategic partnerships with top project developers and key opinion leaders, significantly enhancing MEXC's market presence.
BlockBeats: Now that you're the VP at WEEX, what do you think sets WEEX apart from other platforms?
Andrew Weiner: WEEX, is emerging as a turn-key, all-in-one destination for derivatives, copy-trading, and innovative DeFi projects. It offers high-quality user experiences for professional and casual traders alike, setting a new standard in delivering these experiences by providing a comprehensive platform that meets the needs of various trader profiles with one login and seamless access to all desired features.
Andrew Weiner: The trading platform market is far from saturated, there is overwhelming demand for accessing these products globally, especially in derivatives trading. As I said at Blockchain Futurist 2022, there is up to $19 trillion of real-world assets and innovation coming to this space. This influx of capital from Traditional Financial players to blockchains is just beginning.
WEEX bridges the customer service gap between Traditional Finance, Centralized Finance, and Decentralized Finance, positioning itself as a primary destination for millions of users by the end of 2024.
BlockBeats: WEEX is recently launching its own platform token. What unique attributes do you think WXT has compared to other platform tokens?
Andrew Weiner: The WEEX community and their passion for sharing our brand is the reason we’ve enjoyed such incredible success to-date. With that in mind, we’ve designed $WXT to make every holder an unlimited partner in the continued growth of our audience, and enjoy the value that will be created along the way - which is a far deeper relationship than our competitors are establishing with their audience.
BlockBeats: What scenarios and potential benefits do users experience when holding WXT?
Andrew Weiner: $WXT is a reinvestment into the users who made us a leader in the cryptocurrency futures trading space, providing trading fee discounts, exclusive rewards, and a voice in the future development of WEEX. Utility will continue to be added as we finalize several exciting strategic partnerships in 2024. Our commitment to our WEEXer army is that no other platform token will empower its community of holders to have as much value and influence as we have planned for WXT holders.
BlockBeats: What gaps in the trading platform market does WEEX plan to fill?
Andrew Weiner: WEEX aims to consolidate access to various services, reducing friction for traders who currently use multiple platforms. Many users have accounts on several platforms due to access issues, service availability, or other frictions. Until this is consolidated, an opportunity will exist for a brand like WEEX to be that proverbial 3rd place in a gem hunter’s daily routine. Familiar, reliable, secure, and comfortable - everything you want from what can be an emotionally charged experience. That is WEEX. Everything you need, in one single place, with none of the hassle.
BlockBeats: After FTX, the market seems not to approve of exchanges having their own market makers. Do you think CEXs should have their own market makers instead of using mainstream external market makers?
Andrew Weiner: No, exchanges should not act as their own market makers. The focus should be on user experience, security, and service reliability. Any conflict of interest, as seen in the FTX case, should be avoided. As I said on the Mario Nawfal podcast following that event, proof of reserves is essential to maintain consumer trust, and any incestuous relationship between entities should be avoided.
BlockBeats: Nowadays, almost every exchange has its own on-chain ecosystem, essentially backed by a blockchain. What are WEEX's plans regarding on-chain development?
Andrew Weiner: In the near-future WEEX will provide our network of developers with unique opportunities to collaborate deeper and launch their exciting new innovations with us.
We hope to reveal more in the coming months, but I am unable to disclose anything further at this time regarding our WEEX Wealth initiative.
Since 2018, WEEX has become a top cryptocurrency exchange, known for its stringent security and user-focused platform. Licensed by US and Canadian MSBs and SVGFSA, it offers 116 spot trading pairs and 225 futures trading pairs, with more than five new pairs added daily. The WEEX token, WXT, provides over 20% trading fee discounts, VIP event access, and platform governance participation. WEEX prioritizes user security with multi-signature wallets and cold storage, blending innovation with user satisfaction.
Sign up for a WEEX Account: https://www.weex.com/register
Visit WEEX Official Website: https://www.weex.com
Media Email: market@weexglobal.com
WEEX Customer Support: support@weex.com
Trading Quant & MM: market@weexglobal.com
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