In This Article
If your main focus is crypto derivatives trading, WEEX is an exchange that will likely catch your attention. Established in 2018, the platform has developed into a globally accessible trading venue with millions of users and reported daily volumes in the billions.
While WEEX supports spot markets, its identity is clearly centered around perpetual futures contracts, high leverage options, and access to a broad range of altcoins. It is built for active traders rather than users looking for integrated banking services or passive earning tools.
In this review, we take a detailed and neutral look at WEEX’s trading features, fee structure, regulatory standing, security practices, and user feedback to help you determine whether it aligns with your trading strategy.
Pros:
Access to 1,000+ cryptocurrencies
Up to 400x leverage on select futures contracts
Competitive maker and taker fees
Registered as a Money Services Business (MSB)
Clean and intuitive trading interface
High-paying referral program
Cons:
No comprehensive top-tier exchange license
Mixed customer reviews
Reports of account restrictions during compliance reviews
Limited emphasis on fiat funding options
WEEX Exchange Overview
WEEX launched in 2018 as a centralized cryptocurrency exchange. Over time, it has positioned itself as a derivatives-first platform, competing more directly with futures-focused exchanges such as Bybit and OKX rather than fully regulated retail platforms.
The company is commonly described as being registered as a Money Services Business (MSB) with FinCEN in the United States and FINTRAC in Canada, and as a Bitcoin Services Provider in El Salvador. These registrations relate primarily to anti-money laundering compliance rather than full exchange licensing.
WEEX reports serving over 10 million users globally and consistently displays strong 24-hour trading volumes, particularly in major perpetual pairs like BTC/USDT and ETH/USDT. As with any exchange, liquidity and order book depth are important factors to evaluate in real time, but WEEX appears to maintain active markets.
Unlike exchanges that focus heavily on fiat integrations, staking products, or lending services, WEEX centers its offering on trading tools, leverage, and market access.
Trading Features and Products
WEEX is designed for active traders. Its product suite prioritizes market access and leveraged instruments rather than passive crypto services.
Spot Trading
The platform supports 1,000+ cryptocurrencies, including major assets like BTC and ETH as well as a wide range of mid-cap and emerging tokens. Most trading pairs are denominated in USDT.
This broad selection may appeal to traders seeking exposure beyond large-cap assets, though availability of specific tokens can change over time.
Futures Trading and Leverage
Derivatives trading is the core of WEEX’s offering. The platform provides perpetual futures contracts with leverage of up to 400x on select pairs.
This level of leverage is significantly higher than what most regulated exchanges permit. While high leverage can increase potential returns, it also substantially increases risk. Even small price movements can trigger liquidation when using extreme leverage.
As such, the futures market on WEEX is best suited for experienced traders who understand margin requirements, liquidation mechanics, and funding rates.
Copy Trading
WEEX also offers copy trading, allowing users to automatically replicate trades from selected traders. This feature lowers the entry barrier for beginners but does not remove market risk. Performance depends entirely on the strategy being followed and overall market conditions.
Referral Program
The exchange offers a referral structure that reportedly provides up to 90% of trading fees generated by referred users. This makes it attractive to influencers and trading communities.
However, referral incentives should be secondary to evaluating platform reliability, execution quality, and liquidity.
User Experience and Interface
WEEX offers a modern and relatively uncluttered interface. Price data is clearly displayed, and navigation between spot and futures markets is straightforward.
The order entry panel supports standard order types, including market and limit orders. The layout will feel familiar to anyone who has used a centralized exchange before.
Some users report brief loading delays when switching markets or refreshing charts. Once fully loaded, order execution appears responsive.
The exchange is accessible via desktop browser as well as dedicated iOS and Android apps. The mobile app mirrors most desktop functionality, including trading, account management, and verification features.
For traders using multiple monitors and advanced chart setups, desktop remains the preferred option. The mobile app works well for monitoring positions and executing trades while on the move.
Regulation and Licensing
WEEX’s regulatory position is best described as AML-compliant but not fully licensed in major financial jurisdictions.
The platform is registered as an MSB with:
FinCEN (United States)
FINTRAC (Canada)
Bitcoin Services Provider (El Salvador)
MSB registration focuses on anti-money laundering reporting obligations and does not equate to authorization from regulators such as the UK’s FCA or comprehensive EU licensing frameworks.
In 2025, reports indicated that the Georgia Department of Banking and Finance issued a cease-and-desist notice related to licensing requirements. Such regulatory developments are not uncommon in the crypto sector, but they reinforce the need for users to verify compliance in their own jurisdiction.
WEEX requires KYC verification for certain services, particularly fiat access and higher withdrawal limits.
Security Practices
WEEX states that it uses standard industry security measures, including:
Cold wallet storage for the majority of user funds
Two-factor authentication (2FA)
Account verification safeguards
Proof-of-reserves disclosures
The exchange has not reported major external hacking incidents. However, in March 2025, it experienced a temporary order-matching delay affecting the ETH/USDT pair. WEEX reportedly resolved the issue within 30 minutes and compensated affected users approximately $6 million.
While operational issues can occur on any exchange, timely resolution and compensation are important factors in assessing platform reliability.
Regardless of exchange reputation, users should enable all available security features and avoid storing large long-term holdings on trading platforms.
Fees and Costs
Futures Fees
Maker: ~0.02%
Taker: ~0.06%
These rates are competitive and broadly aligned with other major derivatives exchanges.
Spot Fees
Spot trading fees are typically around 0.10%, consistent with industry standards.
Deposits and Withdrawals
Crypto deposits are generally free.
Withdrawal fees vary depending on the asset and network.
Fiat deposit options are limited and primarily bank-transfer based.
Users should always review the latest fee schedule before making transfers.
Customer Support
WEEX provides customer support through live chat, email, and a help center.
User feedback is mixed. Some traders report smooth experiences and stable platform performance. Others mention delayed responses, repeated KYC requests, or temporary account restrictions during compliance reviews.
Compliance-related account reviews are a common theme across centralized exchanges and are often tied to AML monitoring processes.
Mobile App
The WEEX mobile app includes:
Spot and futures trading
Live price tracking
Position management tools
KYC verification
Biometric login security
App store ratings are generally above 4.0. Positive reviews highlight usability, while negative reviews often focus on promotional disputes or compliance processes.
The Verdict
WEEX is clearly built for traders who prioritize derivatives markets, leverage, and access to a wide range of altcoins.
Its strengths include competitive futures fees, high leverage options, and a clean trading interface. At the same time, the exchange does not operate under comprehensive top-tier licensing, and user experiences with support are mixed.
For experienced derivatives traders comfortable with leverage and jurisdictional considerations, WEEX offers a capable trading environment. Users seeking strict regulatory oversight and integrated fiat banking services may prefer more heavily licensed alternatives.
