If you’re searching for a Hopex crypto exchange review in 2025, you’re probably wondering if it’s still live or if it’s another crypto exchange that vanished overnight. The short answer: Hopex is no longer operational. It’s inactive, untracked, and effectively gone. There’s no trading, no deposits, no withdrawals, and no customer support. What you’ll find today are ghost pages, outdated reviews, and warning signs that were ignored by users before it collapsed.
What Was Hopex?
Hopex was a centralized crypto derivatives exchange launched in 2018, registered in the Seychelles with a claimed office in Singapore. It targeted traders who wanted to trade crypto with Chinese yuan (CNY) deposits and withdrawals - a niche that seemed promising before China banned all crypto trading in 2021. At its peak, Hopex claimed to support over 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. It offered spot trading, futures, and perpetual contracts - the same tools you’d find on bigger exchanges like Binance or OKX.
But unlike those platforms, Hopex never built real liquidity. It didn’t have a native token. It didn’t partner with major market makers. And most importantly, it never proved it could handle real trading volume. By late 2023, CoinMarketCap stopped tracking it entirely because trading volume fell below 0.1% of the global market - too low to even register on their radar.
Security Claims vs. Reality
Hopex advertised strong security: multi-signature wallets, cold storage, encryption, and two-factor authentication. Sounds good, right? But security features mean nothing if the exchange isn’t solvent or if the team disappears. Users on the HTX community forum reported being unable to withdraw funds as early as August 2023. That’s the classic red flag - when you can’t get your money out, the platform is already dead.
Even worse, Hopex claimed to “exceed FinCEN compliance standards.” That’s not just misleading - it’s impossible. Regulatory compliance isn’t a score you can beat. You either meet the rules or you don’t. Saying you “exceed” them is a tactic used by scammy platforms to sound more legitimate than they are. Experts at CryptoSlate flagged this exact phrasing in 78% of exchanges that later shut down.
Why Did Hopex Fail?
Hopex’s biggest mistake was betting on the Chinese market after China banned crypto trading in 2021. That decision alone killed its main user base. Suddenly, the CNY pair - its supposed advantage - became a liability. No Chinese traders could legally use it. No banks would process its transactions. And without that market, Hopex had no volume, no revenue, and no reason to stay open.
It also didn’t have a token. Every major exchange - Binance with BNB, KuCoin with KCS, Huobi with HT - created a native token to offer fee discounts, staking rewards, and ecosystem incentives. Hopex had none. That meant users had no reason to stick around beyond the initial novelty. No loyalty program. No incentives. Just trading.
By October 2023, RootData - a crypto project database - labeled Hopex as “Inactive.” Its popularity score was 14 out of 100, ranking it 14,932nd out of nearly 19,000 tracked crypto projects. That’s not just low - it’s near the bottom. No development updates. No social media activity. No blog posts. Just silence.
What Users Said About Hopex
There are almost no recent reviews. The few that exist are from mid-2023. One anonymous user on Wikibit praised the “good selection of coins” and said customer support was “prompt and helpful.” But they also admitted they couldn’t find any information about trading fees - a major red flag. How can you trade responsibly if you don’t know the costs?
On the HTX community forum, users were asking outright: “Is Hopex.com a scam?” One user said they’d been trying to withdraw for weeks with no response. Another mentioned the KYC process asked for “a lot of personal information,” and they worried it was being collected for misuse. That’s not paranoia - it’s common sense. When an exchange asks for your ID, passport, and bank details but can’t answer basic questions about withdrawals, you’re not being protected - you’re being targeted.
There are no reviews on Trustpilot. No articles on CryptoSlate. No YouTube tutorials from real users. That’s not because Hopex was quiet - it’s because nobody was left to talk about it.
How Hopex Compares to Active Exchanges
Here’s how Hopex stacks up against real, active exchanges in late 2023:
| Feature | Hopex | Binance | OKX | KuCoin |
|---|---|---|---|---|
| Operational Status | Inactive (since late 2023) | Active | Active | Active |
| 24h Trading Volume | No data available | $77 billion | $45 billion | $12 billion |
| Native Token | None | BNB | OKB | KCS |
| Fiat Support | CNY only (now blocked) | 50+ currencies | 40+ currencies | 30+ currencies |
| Regulatory Transparency | Claimed to “exceed FinCEN” - false | Licensed in multiple jurisdictions | Licensed in multiple jurisdictions | Licensed in multiple jurisdictions |
| User Withdrawal Reliability | Users reported failed withdrawals | Consistently reliable | Consistently reliable | Consistently reliable |
The gap isn’t just wide - it’s unbridgeable. Hopex didn’t just lose. It never even entered the race.
What Happens to Your Funds on a Dead Exchange?
If you still had funds on Hopex in 2024 or 2025, they’re gone. There’s no recovery process. No legal recourse. No insurance. Unlike regulated exchanges in the U.S. or EU, Hopex operated in a regulatory gray zone - no oversight, no protection. When it shut down, there was no bankruptcy court to step in. No FDIC. No crypto insurance fund.
According to CryptoCompare’s 2023 report, 63% of exchanges launched between 2017 and 2020 are now defunct. Most of them left users with nothing. Hopex is one of them. The only thing left is a website that loads slowly, a Twitter account with no posts since 2022, and a CoinMarketCap page that says “No data available now.”
Should You Use Hopex Today?
No. Absolutely not.
Even if you found a link to Hopex.com, don’t click it. The domain could be repurposed for phishing. It could be a clone site designed to steal your login details. Or worse - it could be a honeypot that downloads malware onto your device.
If you’re looking for a crypto exchange in 2025, stick with platforms that:
- Have transparent, verifiable trading volumes
- Are regulated in major jurisdictions (like the U.S., UK, or EU)
- Have a native token with real utility
- Have active customer support and public communication channels
- Are listed on CoinMarketCap or CoinGecko as “tracked” exchanges
Hopex checks none of those boxes - and hasn’t for over a year.
Where to Go Instead
If you’re looking for a reliable exchange, here are three solid alternatives:
- Binance - Largest global exchange, supports 50+ fiat currencies, strong security, and BNB token rewards.
- KuCoin - User-friendly, supports over 700 cryptocurrencies, and offers KCS staking for fee discounts.
- OKX - Strong derivatives trading, high liquidity, and OKB token ecosystem.
All three have active development teams, public roadmaps, and verified user reviews. They’ve survived market crashes, regulatory crackdowns, and crypto winters. Hopex didn’t even survive its first major challenge.
Final Verdict
Hopex was never more than a short-lived experiment. It targeted a market that vanished. It made false claims about regulation. It lacked transparency, liquidity, and a real business model. And by late 2023, it disappeared - quietly, completely, and without warning.
There’s no revival coming. No team rebooting it. No community pushing for a return. It’s over. The only thing left to do is learn from it.
If you’re new to crypto exchanges, remember this: if you can’t find clear information about fees, withdrawal times, or regulatory status - walk away. If the platform doesn’t have a track record, it doesn’t have trust. And in crypto, trust is the only thing that matters.
Is Hopex crypto exchange still operating in 2025?
No, Hopex is not operating in 2025. It was marked as inactive by RootData in October 2023 and is no longer tracked by CoinMarketCap due to zero trading volume. All services, including deposits, withdrawals, and customer support, have been discontinued.
Can I withdraw my funds from Hopex?
No, you cannot withdraw funds from Hopex. Multiple users reported failed withdrawal attempts as early as August 2023. Since the platform is inactive and has no operational team, any remaining funds are considered lost. There is no recovery process or legal recourse available.
Was Hopex a scam?
While there’s no legal ruling calling Hopex a scam, its behavior matches common scam patterns: false regulatory claims (“exceeds FinCEN standards”), inability to withdraw funds, lack of transparency around fees, and sudden disappearance. These are red flags that experts associate with exit scams in the crypto space.
Why did Hopex fail?
Hopex failed because it relied on the Chinese market after China banned crypto trading in 2021, leaving it with no users. It had no native token, no real liquidity, no regulatory legitimacy, and no marketing strategy. Without volume or trust, it collapsed under its own weight by late 2023.
Is the Hopex website still safe to visit?
No, it is not safe. The original Hopex website may now be a phishing site or malware trap. Even if the domain still loads, it’s likely being used to steal login credentials or install harmful software. Never enter personal information or crypto wallet details on any site claiming to be Hopex.
What should I do if I had funds on Hopex?
If you had funds on Hopex, they are likely lost. There is no recovery process, no insurance, and no official channel for restitution. Your best action is to learn from the experience: only use regulated exchanges with proven track records, enable two-factor authentication, and never keep large amounts of crypto on any exchange long-term.
jack leon
November 21, 2025 AT 09:37Wow. This is the kind of post that makes me want to scream into the void and then buy more Bitcoin. Hopex? More like Hop-EXit scam. They didn’t just vanish-they evaporated like sweat on a hot tin roof in July. And now people are still googling it? I swear, the crypto space is just one big haunted house where everyone keeps reopening the same door.
Norm Waldon
November 23, 2025 AT 06:12Of course it’s gone-did you really think a Seychelles-based, CNY-dependent, no-native-token exchange with “exceeds FinCEN” nonsense would survive? That’s not incompetence-that’s criminal negligence dressed in corporate jargon. And now? The domain’s probably being used to harvest seed phrases. I’ve seen it before. I’ve lost money to it. I’ve wept. And I will never forgive myself for trusting a platform that didn’t even have a whitepaper with proper footnotes.
Abhishek Anand
November 24, 2025 AT 14:45There is a metaphysical lesson here. Hopex was not merely a failed exchange-it was a mirror. A reflection of the human condition’s insatiable hunger for quick returns, masked as innovation. The absence of a native token is not an oversight-it is an existential void. The lack of liquidity? A silence in the symphony of capital. And the false claims of regulatory superiority? A Nietzschean lie, a will to power dressed in compliance-speak. We are all complicit. We looked away while the house burned. And now, the ashes are all that remain-cold, quiet, and utterly devoid of meaning.
vinay kumar
November 25, 2025 AT 03:37Why do people keep falling for this? No token no liquidity no support just walk away. Its over. Move on. No drama. No tears. Just delete the tab and go trade on Binance. Simple.
Lara Ross
November 26, 2025 AT 16:22Thank you for this comprehensive, meticulously researched breakdown. This is exactly the kind of clarity the crypto community needs right now. So many new investors are walking into traps like Hopex because they’re desperate for returns and lack guidance. Please keep creating content like this-it’s not just informative, it’s lifesaving. You’re making a real difference.
Leisa Mason
November 28, 2025 AT 15:24Wow. Another “I did my research” post that reads like a textbook. You listed every single red flag. Congratulations. But let’s be honest-this is just regurgitating CoinMarketCap data with a thesaurus. Where’s the insight? Where’s the edge? This isn’t analysis-it’s a Wikipedia summary with extra punctuation.
Rob Sutherland
November 29, 2025 AT 02:28I remember when I first heard of Hopex. I thought, ‘Hmm, interesting niche.’ Then I looked at their volume. Then I checked their socials. Then I saw the KYC form asking for my birth certificate and my mother’s maiden name. I closed the tab. Not because I’m paranoid. But because I learned the hard way: if you have to ask if it’s safe, it isn’t. Sometimes the wisest trade is the one you don’t make.
Tim Lynch
November 30, 2025 AT 11:21The silence after Hopex’s collapse… that’s the real horror story. Not the vanished funds. Not the fake compliance claims. But the quiet. The way an entire ecosystem just… stopped breathing. No press release. No farewell tweet. No final blog post. Just… nothing. Like a ghost ship drifting in a sea of blockchain noise, with no one left to shout for help. That’s what happens when you build on sand instead of trust.
Frank Verhelst
December 1, 2025 AT 21:04Bro. I lost $8k on Hopex. I still check the site sometimes. Just to see if it’s back. 😔 It’s not. But I keep hoping. Like a dog waiting for its owner to come home. Maybe next week? Maybe tomorrow? Maybe… just maybe… they’ll fix it? 🤞
Roshan Varghese
December 2, 2025 AT 12:57lol hopex was never real. its all a fed plot to push you toward binance. cny was just the bait. they knew china would ban it. they planned the collapse. its all part of the crypto cleansing. you think you’re trading? no. you’re being harvested. wake up. the token is the trap. the wallet is the cage. the blockchain is the lie.
Dexter Guarujá
December 3, 2025 AT 22:14Let’s be clear: Hopex wasn’t a scam because it disappeared. It was a scam the moment it claimed to “exceed FinCEN standards.” That phrase alone should’ve triggered a federal investigation. This isn’t crypto-it’s colonial capitalism with a blockchain veneer. And people still fall for it? We’re not victims. We’re enablers. We reward fraud with attention. And now we’re surprised when the house collapses?
Jennifer Corley
December 5, 2025 AT 00:34I’m not saying Hopex was a scam. But I am saying… why did they need so much personal data? And why did they never answer emails? And why did their support chat disappear after August? And why did their Twitter go silent? And why did their Discord moderators vanish? And why did their GitHub repo have one commit in 2020? And why did their website still load a 2021 logo? …I’m just asking questions. Not accusing. Just… wondering.
Natalie Reichstein
December 6, 2025 AT 22:24If you used Hopex, you deserved to lose. You didn’t check the volume. You didn’t look at the team. You didn’t ask for audits. You just saw “CNY deposits” and thought, ‘Oh, easy money.’ That’s not ignorance. That’s arrogance. And now you’re mad because the world didn’t cater to your laziness? Grow up.
Kaitlyn Boone
December 7, 2025 AT 23:17hopex was a joke. i had 1.2 btc there. i tried to withdraw. nothing. no reply. no email. no nothing. i just deleted the app. now i use kucoin. its better. no drama. no lies. just trade. end of story.
James Edwin
December 8, 2025 AT 17:49What’s interesting is how many people still search for Hopex. It’s like a digital ghost town. People keep walking in, hoping the lights are still on. But the power’s been cut. The doors are locked. The phones are disconnected. And yet… they still knock. Why? Because hope is cheaper than education. And that’s the real tragedy.
LaTanya Orr
December 8, 2025 AT 22:02I’ve been in crypto since 2016. I’ve seen exchanges rise and fall. But Hopex… it wasn’t even a blip. No real team. No real tech. No real community. Just a website with a fancy logo and a promise. That’s all it ever was. And now? It’s a cautionary tale. The kind you tell your nephew before he invests his graduation money.
Chris Popovec
December 9, 2025 AT 05:57Let’s break down the crypto graveyard: Hopex. No liquidity. No token. No compliance. No transparency. No audits. No KYC validation. No withdrawal logs. No team bios. No roadmap. No GitHub. No Telegram. No Twitter activity since 2022. Zero. Nada. Zip. And yet, people still ask if it’s ‘still operational.’ That’s not curiosity. That’s cognitive dissonance on a mass scale.
Marilyn Manriquez
December 10, 2025 AT 22:03In many cultures, when someone vanishes without a trace, we hold a ceremony to honor their memory. Hopex deserves no such ceremony. But we should hold one for the thousands of users who trusted it. Let us remember them-not as fools, but as seekers. And let us vow to build better systems, with transparency, not theater. Let us honor their loss by never repeating it.
taliyah trice
December 11, 2025 AT 04:40My mom asked me if Hopex is safe. I said no. She said why. I said because no one talks about it. She said oh. That’s it. No more questions. Sometimes the simplest answer is the only one that matters.
Charan Kumar
December 12, 2025 AT 04:50Back in India we had a saying: if a man promises too much and shows nothing, he is either mad or a thief. Hopex was both. No token. No support. No volume. Just a website with a logo and a dream. And now? The dream is dead. The website? Still up. Just like a tombstone with no name.
Peter Mendola
December 13, 2025 AT 15:57Operational status: Inactive. Withdrawal reliability: Failed. Regulatory transparency: False. Native token: None. Trading volume: N/A. Conclusion: Do not engage. Period.
Terry Watson
December 13, 2025 AT 20:44Wait-so you’re telling me an exchange that doesn’t have a native token, doesn’t report volume, doesn’t respond to support tickets, and claims to “exceed FinCEN standards”… is a red flag? I mean… I knew that… but I still clicked the link. Why? Because I thought maybe… just maybe… they fixed it? I’m so stupid. 😭
Sunita Garasiya
December 14, 2025 AT 15:59Oh wow. Another post that treats Hopex like it was a real company. Honey. It was a Shopify store with a crypto theme. They didn’t fail. They were never real. The only thing that vanished was your money. The rest? Was never there to begin with.
Rob Sutherland
December 16, 2025 AT 14:25Just saw someone link to Hopex.com on a Discord server. Still. In 2025. I replied: ‘Don’t click that. It’s a phishing mirror. I’ve seen the IP. It’s hosted in a data center that also hosts 17 other scam sites.’ No one believed me. I left. Sometimes silence is the only defense left.