OceanEx

What OceanEx does

OceanEx was a centralized cryptocurrency exchange founded in 2018 and domiciled in Luxembourg, operating with a headcount of 11-50 employees. Its functional offering was a trading platform on which users deposited, held, and traded digital assets — a typical centralized-exchange model reliant on custody, order matching, and trading-fee monetization. Xiaoning Nan served as Chief Executive Officer. The company received a single disclosed institutional round in July 2019 with Fenbushi Capital as lead investor; no transaction value or subsequent funding events are recorded.

As of the most recent source material, OceanEx has officially ceased operations citing undisclosed "unexpected reasons." The exchange is operating only a short-term extension permitting users to submit withdrawal tickets for remaining on-platform balances, with the platform explicitly warning that long-term availability cannot be guaranteed. No information has been disclosed regarding the cause of the shutdown, the disposition of user funds, the status of any in-house technology stack, or the company's residual legal or operational footprint. Customer concentration, trading volume, fee schedules, geographic restrictions, and pricing models are all unspecified in the available data.

Name

OceanEx

Website

https://oceanex.pro

Company type

Private

Founded year

2018

Operating status

Closed

Headcount range

11–50 employees

Short description

OceanEx was a Luxembourg-based centralized cryptocurrency exchange founded in 2018, serving retail crypto traders with custody and trading services. It has officially ceased operations and is operating only a short-term asset withdrawal window.

Ownership category

akta.pro rank

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Core offering

OceanEx was a centralized cryptocurrency exchange platform that allowed individual users to trade digital assets and tokens. The company has officially ceased operations and is currently only offering a short-term asset withdrawal service through a ticket submission system following the official shutdown.

Product overview

OceanEx was a cryptocurrency trading platform that has ceased operations. Based on the discontinuation notice, it appears to have been a centralized exchange service where users held assets on the platform. The company has officially shut down and is only providing a short-term asset withdrawal service through a support ticket system.

Differentiator

Problem solved

Functional benefit

Products and services

• OceanEx Cryptocurrency Exchange Platform Centralized cryptocurrency exchange where individual users could trade and hold digital assets and tokens. The service has been discontinued; remaining users can only submit withdrawal tickets to retrieve assets during the short-term service extension.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights1 record

Direct peers

• Coinbase: Largest publicly listed U.S.-based centralized cryptocurrency exchange offering spot trading, custody, and staking services. Directly comparable to OceanEx as a CEX serving retail and institutional crypto traders, though at vastly greater scale and with full regulatory licensure.
• Binance: The world's largest cryptocurrency exchange by trading volume, offering spot, derivatives, and a broad product suite. Directly comparable to OceanEx in core CEX functionality, with overlapping target market of global retail and professional crypto traders.
• Kraken: U.S.-headquartered centralized cryptocurrency exchange with a strong European presence and a reputation for regulatory compliance. Directly comparable to OceanEx as a CEX serving spot and staking customers across multiple jurisdictions.
• Bitstamp: Luxembourg-headquartered centralized cryptocurrency exchange (one of the longest-running, founded 2011). Particularly comparable to OceanEx given the shared Luxembourg domicile, European regulatory orientation, and CEX business model targeting retail and institutional clients.
• OKX: Global centralized cryptocurrency exchange offering spot, derivatives, and Web3 wallet services. Directly comparable to OceanEx as a CEX serving international crypto traders with a broad token listing strategy.
• KuCoin: Seychelles-headquartered centralized cryptocurrency exchange known for listing a wide range of altcoins and serving a global retail user base. Directly comparable to OceanEx in CEX product scope and target customer segment.
• Gate.io: Cayman Islands-based centralized cryptocurrency exchange offering spot, futures, and a broad altcoin catalog. Comparable to OceanEx as a CEX targeting retail traders seeking diverse token access and global market reach.
• Crypto.com: Centralized cryptocurrency exchange with a strong consumer brand, mobile app, and Visa card program. Comparable to OceanEx in CEX core functionality and a focus on retail traders, though with a much larger marketing footprint and regulatory license portfolio.
• Bitfinex: Hong Kong-headquartered centralized cryptocurrency exchange serving professional and advanced retail traders with deep liquidity and derivatives products. Directly comparable to OceanEx as a CEX serving active crypto traders.
• HTX (formerly Huobi): Global centralized cryptocurrency exchange serving a predominantly Asian user base with spot, derivatives, and a wide token catalog. Comparable to OceanEx as a CEX with international reach and broad altcoin support, though operating at significantly larger scale.

Market position

Strengths1 record

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights3 records

Customer concentration

• Xx.com/OceanexOfficial
• LinkedInlinkedin.com/company/bitocean-global

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OceanEx