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 What you’ll find today are ghost pages, outdated reviews, and warning signs that were ignored by users before it collapsed.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.
