At one of the most influential cryptocurrency events in the world, Token2049 in Singapore, the trading platform WEEX sent a clear and powerful market message to the world: in the noisy and opportunity-filled crypto world, what is the foundation of an exchange? Is it the pursuit of short-term traffic, or the adherence to long-term value?

With this question in mind, Rhythm BlockBeats engaged in an in-depth conversation with Ethan, co-founder and Chief Security Officer of WEEX. Over the years, the WEEX team, led by Ethan, has restructured the contract system and launched "Contract Pro," making contract trading more efficient and secure; this upgrade has driven the platform's contract trading volume to grow by over 400% in just three months.

From him, we see not only the rigor of a technical expert but also the foresight of strategic thinking. In this interview, Ethan delves into how WEEX views "security" as the absolute cornerstone of trading, how it integrates risk control experiences validated by traditional finance into its DNA, and how through the upgrades of "Contract Pro" and "Spot Pro," it transforms the concept of "user first" into an extremely smooth and secure trading experience.

As a platinum sponsor of this Token2049 event, WEEX is using this globally watched stage to bring its years of technical strength and the principle of "security first" from behind the scenes to the forefront, subjecting itself to the scrutiny of the entire industry.

The following is the full content of this interview:

BlockBeats: First of all, thank you, Ethan, for accepting the interview. As a platinum sponsor of Token2049, WEEX undoubtedly sends a strong signal to the global market. What core message does WEEX hope to convey to the entire industry and users through this event?

Ethan: We hope to convey a very clear message: WEEX is not only a technology-driven exchange but also a global platform centered on long-termism. Since its establishment in 2018, WEEX has served over 6 million users, provided over 1000 trading pairs, and established a 1000 BTC user protection fund, which is our most direct commitment to the security of user assets.

Through the global stage of Token2049, we want the industry and users to see WEEX's continuous investment in underlying technology and security, and we hope users feel that when choosing an exchange, security and trust are always the top priority, which is exactly the direction WEEX insists on and continues to strengthen.

TOKEN2049 WEEX Booth

BlockBeats: Among many industry conferences, why does Token2049 hold special strategic significance for WEEX? How is this related to WEEX's globalization expansion blueprint?

Ethan: Token2049 is not just an industry exhibition; it serves as a "weather vane" for the entire Asian and even global crypto industry. For WEEX, it is both an important window to showcase technological achievements and brand philosophy and the best occasion to communicate directly with global users and partners. Over the past few years, we have gradually expanded in Asia, Europe, and America, and we need such an internationally influential node to clearly convey the values of "security, transparency, and long-termism."

The reason we chose to speak at Token2049 is that it gathers the most cutting-edge entrepreneurs, investors, and regulatory observers. The topics they focus on, whether compliance, security, or the long-term development of the market, are highly aligned with WEEX's strategic direction. Therefore, we view this conference as a key anchor point in our globalization strategy.

BlockBeats: As a core leader of WEEX, what are your main focus points at this event?

Ethan: I have three main areas of focus. First, to showcase WEEX's continuous iterative achievements in the underlying trading system, including upgrades like "Contract Pro" and "Spot Pro" aimed at professional users, allowing everyone to see our long-term investment in user experience and security.

Second, leveraging the stage of Token2049, we hope to establish connections with more industry partners, especially for in-depth dialogues on compliance and risk control.

Finally, and I believe this is the most important point, is to convey the idea that "security is not a cost, but the cornerstone of trading." I hope that when users talk about WEEX, their first impression is "reassuring"—regardless of market fluctuations, their assets and trading experience can be properly safeguarded.

From Traditional Finance to the Architect of the Crypto World

BlockBeats: In your view, what lessons can the traditional financial system's experience in risk control and system architecture offer for the construction of current crypto exchanges? How does WEEX transform these experiences into platform advantages?

Ethan: The traditional financial market has established a mature framework for risk control, liquidity management, and system stability over decades of development. For example, how to ensure the stability of the matching engine in a high-concurrency trading environment, and how to ensure that the system does not crash under extreme market conditions—these are experiences that traditional finance has repeatedly refined.

At WEEX, we directly incorporate these standards into the construction of the crypto exchange. For instance, in the design of the Contract Pro and Spot Pro systems, we strictly reconstructed the matching engine according to institutional-level risk control logic, while introducing multi-layered risk control models to ensure stable operation even in extreme market conditions. This not only enhances trading efficiency but also increases user trust. In other words, we are not simply "imitating" traditional finance; we are transforming those validated best practices into a moat for crypto trading.

BlockBeats: As the strategic leader of WEEX, how do you integrate the "user first" philosophy into product upgrades and compliance layout? What key aspects do you prioritize when promoting this philosophy within the team?

Ethan: For me, "user first" is not just a slogan; it must be implemented in every product detail. For example, during the design phase of Contract Pro, we repeatedly thought from the user's perspective: how to make trading smoother? How to reduce unnecessary currency exchange operations? How to avoid capital risks in extreme market conditions? Ultimately, we solved the issues of slippage and cumbersome operations with a unified USDT margin model, significantly reducing users' hidden costs.

The same goes for compliance; WEEX's globalization layout is not about chasing hype but ensuring that users' trading rights are fully protected in different jurisdictions. For me, the most important aspect is to treat "security" as the first principle of trading. Only when user assets are truly protected and the trading experience is genuinely smooth will they choose to stay on this platform long-term.

Deepening Technology: The Evolution and Value of WEEX's "Pro" System

BlockBeats: With the rapid growth of WEEX's user base, the platform has also undergone comprehensive upgrades in its trading system. Can you explain in simple terms how the Contract Pro system provides users with a smoother experience and helps them reduce slippage and operational risks?

Ethan: Contract Pro systematically addresses many pain points that professional traders care about daily. In the past, when users switched margins between different cryptocurrencies, they had to constantly exchange, which increased operational complexity and was prone to slippage due to market fluctuations. The first thing we did was introduce a unified USDT margin model, allowing users to trade contracts directly with USDT without frequent switching.

Secondly, we made large-scale reconstructions in the underlying matching engine and risk control modules. For example, in high-concurrency scenarios, delays might have occurred previously, but now matching and clearing can be completed in a very short time, making trading smoother. In summary: users can focus solely on trading itself without worrying about whether the system can keep up or fearing additional risks due to technical issues. This embodies our philosophy of "balancing security and efficiency" in our products.

BlockBeats: After the launch of the Contract Pro system, trading volume increased by 400% within three months. Behind this impressive growth, to what extent do you believe technical optimization has driven business growth? Does this validate the view that "technology is the core competitiveness of exchanges"?

Ethan: First of all, the 400% growth is not coincidental; it is a natural result of the genuine improvement in user experience. Over the past few years, we have observed a commonality: when traders find a platform that can maintain smooth matching and low latency even in highly volatile markets, their trust accumulates rapidly, and they are willing to migrate more funds and trading activities.

For WEEX, Contract Pro is not just a system iteration; it represents a product philosophy: technology must serve the safety and efficiency of user trading. We optimize not only the matching engine itself but also the network links, matching queue layering, and dynamic adjustment of risk control parameters. These underlying improvements may not be directly perceived by users, but they will tangibly feel "faster order placement, less slippage, and more controllable liquidation."

The relationship between technical optimization and business growth is strongly correlated in our case. In other words, technology is not a subordinate of business but the core driving force of business. An exchange can rely on marketing to gain traffic in the short term, but if the technical experience cannot support trading needs, user retention will inevitably decline rapidly. WEEX's choice is to refine the system to perfection first, and then talk about scaling. This long-term approach has proven effective in attracting and retaining the most discerning traders even in highly volatile markets.

So, if we say "technology is the core competitiveness of exchanges," I would add: only when technology is grounded in user experience and security assurance does it truly become a competitive advantage. This is also the key to WEEX being able to multiply its trading volume in a short time.

BlockBeats: Following the contract system, you continued to lead the upgrade of "Spot Pro." What type of user group is it primarily aimed at? What are its core advantages compared to other platforms' spot systems in the market?

Ethan: The upgrade of "Spot Pro" is designed to meet the needs of a broader user group. We have observed that many spot systems in the market are either too complex, making it difficult for new users to get started, or overly simplified, leaving professional traders feeling that the functionality is insufficient. WEEX's approach is to create a "layered experience": novice users can quickly complete buy and sell transactions in a simplified mode, while professional users can use a rich set of order tools, quantitative interfaces, and deep data in an advanced mode.

On the technical side, Spot Pro ensures stability and depth in high-concurrency scenarios by optimizing the matching engine and order book logic, providing guarantees for large fund transactions. At the same time, we embed security and compliance into the design, such as real-time risk control monitoring and asset protection mechanisms, ensuring that user operations always remain within a safe boundary.

In summary, the differentiation of Spot Pro lies in its ability to cater to the convenient experience of beginners while also providing institutional-level performance and security for professional traders and institutions.

The Long-Termism of Exchanges Amidst Compliance Waves

BlockBeats: In the context of increasingly clear global regulations, how is WEEX's compliance path and globalization layout planned? What do you think is the key to making progress in different jurisdictions?

Ethan: In the context of gradually clearer global regulations, compliance has become a core issue that all exchanges must face. WEEX's approach is to "run two parallel lines": on one hand, we actively explore compliance channels in different jurisdictions, continuously communicate with local regulatory authorities and legal advisors, and prioritize regions with high requirements for user asset protection and market stability.

We believe that the key to making progress is not merely obtaining a specific license but establishing a "compliance trust chain" globally. This is not only about survival on a legal level but also directly affects user trust and the willingness of institutional partners to cooperate. In the future, WEEX will continue to adhere to a path that emphasizes both security and compliance, promoting globalization while maintaining the predictability and stability of products and services for users.

BlockBeats: Founded in 2018, WEEX has navigated through multiple bull and bear cycles. What do you think is the fundamental reason an exchange can "survive long-term" and earn user trust? How is WEEX's "user first" philosophy specifically reflected in its mechanisms or product details?

Ethan: Whether an exchange can survive long-term hinges on whether it truly prioritizes "user trust." For WEEX, the greatest lesson learned from navigating multiple bull and bear cycles is to ensure that user asset security and trading experience are not affected in any market environment. We believe that "user first" is not just a slogan but an execution standard reflected in the details.

For example, at the product level, we have established a 1000 BTC user protection fund to provide a final safety barrier for users during extreme market conditions; at the technical level, we continuously iterate the "Pro system," optimizing the matching engine and risk control mechanisms to ensure stability under high concurrency; at the service level, we insist on quick responses and transparent communication, allowing users to clearly feel the platform's sense of responsibility.

The essence of long-termism is to persist in doing the right thing amidst short-term fluctuations. As long as we continue to uphold the two core principles of security and trust, WEEX can truly earn the long-term companionship of users, which is fundamental for an exchange to survive and grow.

BlockBeats: You often emphasize to the team that "security is not a cost, but the cornerstone of trading." As CSO, how do you implement this philosophy into WEEX's daily operations and technical development? Can you share WEEX's multi-layered risk control mechanism?

Ethan: At WEEX, security is the cornerstone. We have multi-layered risk control, cold and hot wallet separation, regular audits, and even conduct code reviews as part of our daily routine. The investment in security translates into long-term trust. "Security is not a cost, but the cornerstone of trading" is a point I repeatedly emphasize in my daily work. As CSO, my core responsibility is to implement this philosophy in every aspect of the platform.

For me, security is not just about "avoiding losses," but also about "creating value." Only when users are confident that their funds are secure will they be willing to trade long-term and trust us long-term. It is this philosophy that allows WEEX to remain stable amidst rapid industry changes.

BlockBeats: Regarding WEEX's user asset protection fund, can you explain its operational model? What kind of protection can it provide to users during extreme market conditions?

Ethan: The user asset protection fund is a safety guarantee mechanism that WEEX was the first to establish in the industry, currently amounting to 1000 BTC. The operational logic of this fund is very simple: it is a "safety buffer pool" specifically set up for users, activated only in extreme situations to compensate for potential losses users may incur due to force majeure or sudden risks.

The significance of this mechanism is that it allows users to clearly see that the platform translates its safety commitments into real and visible financial support. We do not rely solely on verbal promises to earn trust; we take responsibility with real funds.

In extreme market conditions, such as sudden drops in liquidity or severe market fluctuations, the protection fund can play a role, providing a safety net for users and preventing irreparable losses due to black swan events. This mechanism not only enhances user confidence but also compels the platform to operate more cautiously in daily operations, as we need to take full responsibility for this obligation.

For me, the protection fund is not merely a risk cushion; it is a culture: it makes the entire team aware that only by safeguarding user security can the future of the exchange be grounded.

BlockBeats: Finally, what kind of platform do you envision building WEEX into with your technical team? What is the one thing you most want to say to WEEX's users and potential users?

Ethan: My goal is to build WEEX into a platform that truly centers on security and efficiency, capable of meeting the trading depth of professional users while also considering the experience of ordinary users. We will continue to deepen the underlying architecture, iterate the "Pro system," and ensure stability even in high concurrency and extreme market environments; at the same time, we will accelerate the innovation of compliant products, allowing users to use advanced tools while trading in a safe and transparent environment.

I firmly believe that an exchange is not just a place for buying and selling but a piece of market infrastructure that carries users' expectations for long-term trust. In the next one to two years, we will comprehensively accelerate our global compliance layout and service experience, ensuring that users, regardless of where they are, can receive consistent security guarantees and user experiences.

If I had to express my heartfelt message to users and potential users in one sentence, it would be: "Choosing WEEX is not just choosing a trading platform, but choosing a long-term partner that always prioritizes asset security."

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