Black Hat Articles and the Truth: Is coinup a "Pyramid Scheme"? Six Key Questions Expose the Lies!

In the cryptocurrency market, "smear marketing" has never been absent. Recently, anonymous "black articles" have targeted CoinUp, throwing out sensational claims such as "pyramid scheme" and "harvesting retail investors." On one side are the real trading experiences of millions of users across over 200 countries and regions worldwide; on the other are baseless malicious accusations. What is the truth?
This article addresses six key questions, combining factual evidence and the platform's solid strength, to dismantle the falsehoods in the black articles one by one, leaving no room for lies trying to confuse the public.

Question 1: Operating without a license? Why does the black article dare not mention CoinUp’s compliance license list?
Black article claim: "coinup is a pyramid scheme platform with no compliance qualifications whatsoever, purely unlicensed operation!"
Truth exposed:
Compliance qualifications are the "lifeline" of crypto platforms. Unlicensed schemes avoid them at all costs, but coinup’s compliance setup has long been established:
The platform ranks within the top 30 for spot trading volume, CMC ranks 30-40, with a clear global operational structure; it holds multiple international compliance licenses, including a US MSB license (issued by the Department of Treasury FINCEN), a Canadian FTR license (FINTRAC certified), and SEC certification, with license information verifiable in real-time on the respective regulatory agencies’ official websites; strictly adheres to KYC verification and AML rules, fully compliant with FATF regulations, with complete traceability of trading records.
The black article deliberately avoids these publicly verifiable compliance proofs, using only "no license" to spread rumors. Essentially, they are afraid that facts will expose their lies.

Question 2: Asset misappropriation? Is the $50 million protection fund + PoR certification just for show?
Black article claim: "coinup is just a Ponzi scheme, early on it misappropriated user assets and will run away sooner or later!"
Truth exposed:
Asset security is the core concern of users. CoinUp uses real money and technology to build a solid defense, which the black articles completely ignore:
Established a $50 million user protection fund, with BTC and USDT available for withdrawal at any time, and committed to increasing it to over $200 million in the next three years, ranking among the top 20 security funds of global centralized exchanges;
Certified by renowned global auditor CER’s PoR reserve fund certification, ensuring user assets are fully segregated from platform operational funds, with over 95% stored in cold wallets, and 100% reserve coverage of user assets;
Publicly disclosed on CMC that assets exceed $490 million, with users able to verify wallet addresses via blockchain explorers in real-time, rejecting "black box operations."
If it were truly a "Ponzi scheme," why invest heavily in a protection fund and subject itself to third-party audits? The black article’s logic is fundamentally flawed.

Question 3: Poor product quality? Are the experiences of millions of users just "foot votes"?
Black article claim: "coinup’s features are crude, operations lag, it’s just a shoddy platform!"
Truth exposed:
Product experience is undeniable. CoinUp’s comprehensive product matrix and smooth experience have been validated by millions of users worldwide:
Complete trading categories: over 1,000 spot trading pairs covering popular sectors like Layer1, DeFi, RWA; USDT-based contracts support over 100 pairs, with daily trading volume exceeding $3 billion;
Innovative features: AI market analysis provides trend suggestions in 3 seconds; contract copy trading attracts over 300 top traders, with over 100,000 users involved and nearly $500 million in total investments;
Easy and efficient operation: supports more than 6 payment methods including credit cards, bank transfers, C2C; internal transfers are fee-free and instant, with withdrawal times averaging less than 1 hour.

Question 4: Customer service is unresponsive? 7×24 hours support is fabricated?
Black article claim: "coinup has no legitimate customer service, complaints go unanswered, typical scam platform tactics!"
Truth exposed:
A responsible platform values user service. CoinUp’s customer service system reassures countless users:
Maintains 7×24 online support, supports 9 languages, providing timely responses regardless of when users inquire, truly ensuring "every issue gets a reply";
Has established a comprehensive issue resolution process, with professional customer service teams providing one-on-one solutions for account security, trading operations, withdrawal issues, and more;
Real user tests: inquiries about contract leverage adjustments and transfer warnings during early morning hours received quick responses and solutions, far exceeding industry averages.
In contrast, unlicensed platforms often lack basic customer support, and black articles deliberately distort facts to mislead users.

Question 5: Endorsement fakes? Industry endorsements and well-known partnerships are fabricated?
Black article claim: "The so-called industry endorsements of coinup are all fake, with no real collaborations!"
Truth exposed:
Industry recognition cannot be faked. CoinUp’s global layout and partnerships are verifiable:
Frequently appear at top international summits: participated in Hong Kong Web3 Carnival, Dubai Token2049, Singapore Token2049, Turkey IBW Conference, and other industry events, as well as Global Blockchain Show Abu Dhabi 2025, engaging deeply with global industry leaders;
Strategic partnerships worldwide: collaborated with top payment providers like AlchemyPay and Banxa, launched Visa platinum cards supporting over 100 countries and regions, and formed deep cooperation with authoritative platforms like CoinMarketCap and CoinGecko;
Over 100 industry partners across media, technology, and finance sectors, forming a complete ecosystem network.
All these public records, cooperation announcements, and on-site photos are verifiable online. The "faked endorsement" claim by black articles is purely baseless.

Question 6: Malicious harvesting? The claims of continuous user profits and platform ecosystem upgrades are false?
Black article claim: "coinup relies on high leverage and false advertising to harvest users, trapping them immediately!"
Truth exposed:
Platforms that harvest users are doomed to fail long-term. CoinUp’s user growth and ecosystem development demonstrate its long-term value:
User base continues to expand: over 10 million registered users, more than 100,000 daily active users, covering over 200 countries and regions, with clear user distribution in Europe, Asia, and Africa;
Ecosystem keeps iterating and upgrading: self-developed EVM-compatible public chain CPChain, launched platform token CP to build a value loop, introduced Launchpad for high-quality project incubation, and offers flexible yield products in the financial section;
User earnings are protected: contract elite leaderboard with a million-dollar bonus pool, agent programs with zero-threshold rebate, and ordinary users can earn through trading, staking, and promotion.

Conclusion: The truth cannot be concealed; choice is more important than effort
Cryptocurrency trading inherently involves risks, but the greatest risk is not market volatility but choosing the wrong platform. CoinUp builds a solid safety bottom line with compliant licenses, guarantees fund security with asset proof, enhances trading experience with quality products, and demonstrates platform strength through industry endorsements. These cannot be easily erased by black articles.