BW.com Exchange: From Mining Pool Giant to Trading Platform Transformation
BW.com, often referred to as Coinnet Exchange, has a history dating back to 2014 when it launched as a Bitcoin mining pool. It quickly grew to become one of the world's top three renowned mining pools, serving miners in 45 countries and regions globally and cumulatively producing large amounts of Bitcoin, Litecoin, and Ethereum. In January 2017, BW.com officially transitioned into a digital asset trading platform, and in the same year, it was fully acquired by Australia's Collinstar Capital, further expanding its business footprint in the cryptocurrency sector.
History and Business Scope
BW.com initially established its industry foundation with its robust mining pool business. After transitioning to an exchange, its business scope expanded to include diversified services such as digital asset derivatives, spot trading, leveraged wealth management, contract trading, OTC (over-the-counter), and P2P (peer-to-peer) trading. The platform also features a project launchpad and offers a mobile app for users to check market trends, perform K-line analysis, and manage accounts.
Compliance Status and Partnerships
In terms of compliance, BW.com obtained an MSB (Money Services Business) license from the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on April 19, 2020. This license permits it to legally engage in digital currency and virtual currency trading in the United States. Additionally, BW.com previously partnered with the centralized cryptocurrency exchange ZB to enhance the platform's security level.
Current Market Position and Activity Analysis
Regarding BW.com's current ranking among global exchanges, mainstream cryptocurrency data platform CoinMarketCap indicates that BW.com's status is "Untracked Listing," and it is included in the "Untracked List." Its total assets, reserve data, and trading volume and liquidity data for trading pairs are all unavailable. Other platforms like Feixiaohao also show it as "Not included in ranking," with a 24-hour platform transaction volume of "--". This information suggests that BW.com currently has extremely low trading activity and no active trading market.
Security Measures and Customer Support
The BW.com platform supports security measures such as two-factor authentication (2FA) to enhance user account security. For customer support, the platform provides official online customer service, a help center, customer email ([email protected]), and social media contact methods like Telegram, Twitter, and Facebook. For regular members, trading fees are 0.2% for both makers and takers, while market makers trade for free. Deposits are usually free, and withdrawal fees are charged based on actual blockchain conditions.
Important Notice
Given that BW.com's trading volume is currently untracked on mainstream data platforms and lacks active transaction data, users must conduct a comprehensive risk assessment and due diligence when considering any operations related to this platform. The platform no longer has an active trading market.
