CoinW Background Check: A Large Exchange With Small-Exchange Governance
Summary
CoinW is still operating and reports large spot and derivatives volume, but the exchange faces serious governance, licensing, transparency, user-complaint, security, and regulatory risks. Key issues include Taiwan criminal indictments involving people described as CoinW regional executives, South Korean app-store restrictions, unclear or misleading license claims, and the absence of a full Merkle-tree proof-of-reserves framework.