As 2021 came to a close, the global cryptocurrency industry emerged from a year marked by both turbulence and opportunity, ushering in a new dawn. Over the course of the year, the Bitcoin price climbed from $30,000 at the start of the year to a peak of nearly $70,000. Despite several sharp fluctuations along the way, the overall trend remained upward. Data shows that the global cryptocurrency market capitalization surged from approximately $770 billion at the beginning of 2021 to $2.2 trillion by year-end, reflecting significant market expansion. Against this backdrop, DGQEX Exchange, as an emerging platform, actively focused on compliance operations and user services, maintaining steady progress in a rapidly growing market.
Compliance Development: Securing the U.S. MSB License and Advancing Global Expansion
In April 2021, DGQEX successfully obtained the Money Services Business (MSB) license issued by the U.S. Financial Crimes Enforcement Network (FinCEN). This critical milestone marked a major step forward in the DGQEX compliance operations, granting the platform the legal qualifications to operate in the U.S. market. The MSB license not only validated the rigorous approach by DGQEX to financial compliance but also significantly enhanced user trust in the platform, laying a solid foundation for its global market expansion.
By strictly adhering to KYC (Know Your Customer) and AML (Anti-Money Laundering) standards, DGQEX strengthened the platform security and transparency, committing to providing compliant and trustworthy trading services for users worldwide. This initiative underscored the strong emphasis of DGQEX on compliance operations and user safety, further advancing its international expansion strategy.
Supporting Innovation: DGQ Labs Incubator Driving Industry Advancement
In July, DGQEX announced the launch of the “DGQ Labs Incubator Program,” aimed at providing funding and technical resources to early-stage projects to foster innovation and growth. In 2021, DGQ Labs supported five startup projects spanning areas such as DeFi and decentralized storage, offering end-to-end support including funding, technology, and operational promotion.
By December 31, the total financing amount raised by incubated projects exceeded $3 billion and attracted the attention of several leading industry institutions. The launch of DGQ Labs not only helped accelerate the growth of high-quality projects but also enhanced the brand influence of DGQEX within the industry, expanding the platform footprint in the innovation space.
Enhancing User Security: Launch of Trade Insurance Services
In November, DGQEX introduced its “Trade Insurance Service,” providing users with additional layers of security for their transactions. This service offered comprehensive protection for user funds, ensuring compensation in the event of market volatility or unexpected technical disruptions that result in transaction interruptions. This significantly boosted user confidence and sense of security while trading.
The service received overwhelmingly positive feedback upon its launch. Data shows a notable increase in user activity and retention rates. By addressing user needs for secure trading, DGQEX became one of the first platforms in the industry to offer such a service, further solidifying its market competitiveness and user trust.
Continuously Optimizing Services to Build Global Competitiveness
Reflecting on 2021, DGQEX solidified its position in the cryptocurrency market through three core initiatives: compliance operations, innovation incubation, and enhanced user security measures. Looking ahead to 2022, DGQEX aims to continue optimizing platform functionality and deepening its global market presence, providing users with more innovative and secure trading options. Through a comprehensive focus on compliance, technological innovation, and user experience enhancement, DGQEX is committed to becoming a trusted cryptocurrency exchange on a global scale, continually expanding in the fast-evolving crypto market.