Is the FameEX Exchange Legally Compliant, and Which Country Regulates It?

Is the FameEX Exchange Legal?

FameEX is a fully compliant cryptocurrency exchange, established in 2018 and officially launched in 2020. As a global platform for crypto derivatives trading, FameEX offers innovative tools and services. Originally established in Singapore, FameEX has since expanded with branches in Australia, the United States, the United Arab Emirates, and other countries. The company holds financial licenses in Singapore, Australia, the United States, and 14 additional countries and regions, ensuring its operations align with the regulatory standards of each jurisdiction.

In Which Countries Is FameEX Regulated?

FameEX operates under various legal frameworks to adapt to the regulatory requirements of each country. In Singapore, FameEX operates as a foundation and is directly supervised by the Monetary Authority of Singapore (MAS) to comply with local policies. In Australia, it is registered as an international financial company, regulated by the Australian Securities and Investments Commission (ASIC), and holds an Australian virtual asset trading license. This multi-jurisdictional approach allows FameEX to meet diverse regulatory standards while supporting its global expansion.

Therefore, FameEX has consistently maintained a strong focus on compliance, implementing refined adjustments in product innovation, capital security, and team structure to meet regulatory expectations. Adhering to the core mission of "Smart Trading with Easy Gains", FameEX offers users worldwide a legally compliant, secure, reliable, and user-friendly trading platform which provides fast, transparent digital asset and derivatives trading services.

Where Are the FameEX Team From?

The FameEX team is comprised of graduates from top universities such as the National University of Singapore, University of Melbourne, and Tsinghua University, along with professionals from leading exchange platforms, blockchain development teams, and traditional tech companies. FameEX founder Lee BoonGin, who studied computer engineering at the National University of Singapore, previously worked at the Singapore Commodity Exchange before launching FameEX in 2018 to offer digital asset and derivatives trading services worldwide.

Hunter Shannon, FameEX’s COO, is an experienced angel investor with a background in project startups and operations. He has participated in several famous blockchain projects such as Link and VLX. FameEX's Technical Director, Carl Wang, led the team in developing the platform’s advanced “Third-generation Turbo Memory Matching System,” capable of handling up to 1 million transactions per second—a leading performance benchmark in the industry.

Is FameEX a Safe Platform?

FameEX places a high priority on user fund security. COO Hunter Shannon has emphasized FameEX’s commitment to user-oriented operations, focusing on high-quality token selection to minimize transaction risks and foster a fair, competitive trading environment. Founder Lee BoonGin has reinforced this, stating that user fund security is very important to FameEX's operations. To this end, FameEX has established a comprehensive four-layer security system: a user asset protection mechanism, multi-layered technical safeguards, region-specific management protocols, and restricted fund access to ensure user asset safety.

Select High-Quality Tokens and Promote Rational Investing

Lee BoonGin, an early investor in Bitcoin and Litecoin, brings extensive experience in navigating the highs and lows of the crypto market. Having witnessed “black swan” events firsthand, he decided to create FameEX with the mission of reducing trading risks and fostering a fair, transparent trading environment. FameEX’s strict token selection policy aims to identify high-quality coins for users, focusing on assets with strong growth potential and dependable project backgrounds.

The FameEX platform also aims to mitigate user risks by carefully designing its products. FameEX encourages rational investing, urging users not to succumb to FOMO (Fear of Missing Out) and avoid selling in response to FUD (Fear, Uncertainty, and Doubt). By reducing leverage options, FameEX enables both retail and institutional investors to access high-quality assets in a fair and transparent environment.

Building a Risk Reserve and Enhancing Customer Service

Since December of last year, FameEX has added a “Fund Reserve” section to its official website, featuring “Wallet Assets” and an “Insurance Fund.” As of now, the platform’s insurance fund has accumulated 7,894,331.94 USDT. This enhances transparency and user confidence in the safety of their funds.

In April of this year, FameEX introduced a “6-Second Customer Service Response Mechanism.” Once a user contacts support, customer service is required to respond within 6 seconds, providing rapid guidance to resolve issues and avoid missed trading opportunities. With a commitment to quick, accurate solutions, FameEX’s customer service aims to set a benchmark for reliability and efficiency in the industry.

About FameEX

Launched in 2020. FameEX is a global cryptocurrency exchange that currently provides fiat-crypto, crypto-crypto, grid trading, futures, options, margin, spot, and a hugely popular referral and affiliate program with more than 5,754,529 registered users across 154 countries and regions. FameEX provides a secure, stable, and efficient 24/7 trading platform. In addition, FameEX keeps pushing the boundaries of the crypto exchange industry, exploring frontier growth opportunities and strengthening core competencies, expanding into adjacent product offerings, and developing innovative business models that lead the way in bringing Web3 solutions into the crypto ecosystem including recruiting more Web3 developers and researchers to enrich the Web3 product that will support those visionary traders.

Find FameEX on:

Website: https://www.fameex.com/

X (Twitter): https://twitter.com/FameEXGlobal

YouTube: https://www.youtube.com/c/FameEX

Telegram: https://t.me/fameexgroup

Discord: https://discord.gg/V8yvKPxVCk

Trade on-the-go with the FameEX app (iOS/Android)