As of June 2025, CoinMargin (website: https://coinmargin.com) has not officially announced its shutdown, but it is already in an "inactive" state, with no market trading data updates, no active trading pairs, and no social media updates for a long time. CoinMargin may have been substantially suspended or in a state of long-term inactivity, so users are advised to avoid new fund operations, verify account availability as soon as possible, and prioritize asset withdrawals.
Overview ⚡
platform positioning: Founded in 2020, CoinMargin is a centralized cryptocurrency exchange based in Malaysia that focuses on the Southeast Asian market.
Core functions: Provide spot trading, currency pair trading, a variety of trading pair options, and launch an exclusive token MKS (MAKES), which is used to incentivize users to use platform services (such as referral rewards and staking rights).
main features
trading target: Approximately 5 cryptocurrencies are supported, with a total of 6 trading pairs, with LTC/BTC having the highest trading volume, with an average daily volume of between $4.3 million and $8.2 million. coinranking.com
mobile support: Android and iOS mobile apps are available, making it easy for users to trade at any time.
Incentive system: 10% rebate for user referrals, which can be increased to 25% by holding MKS tokens, in addition to staking tasks and social trading reward programs.
activity and transparency
third-party platform performance:
Coinranking shows that the platform is currently "inactive", Its data is not continuously updated, and there is a lack of currency lists and market information.
Coinpare's data also shows a 7-day volume of 0, which may be inactive, or listed in the settings.
Information transparency issues:
no public audit reports, reserve disclosures, or content covered by mainstream financial media have been found, and platform information transparency and compliance have not yet been verified.
Risks & Recommendations
Geographic concentration risk: The service area is primarily in Southeast Asia, where support and compliance policies may be limited if not in the region.
Compliance vs. Regulatory Unknown: Compliance risks remain without clear regulatory statements and lack of disclosure of licenses or qualifications.
Low platform activity: Third-party platforms show trading volume approximately 0, and users should pay attention to the stability of the platform and whether it is still operating normally.
Suggestion: It is recommended to only do a small number of test transactions to ensure that the withdrawal function is normal before considering investing more funds.
✅ summary
CoinMargin is a relatively full-featured crypto trading platform positioned in the Southeast Asian market, but it currently lacks publicly verified trading data and audit information, and third-party data shows that its trading activity is almost zero. Users are advised to exercise a high degree of caution and conduct a small test first, especially to verify the withdrawal process and confirm that the platform is truly available before deciding whether to use it for a long time.
