Datum (cwmexit.com) is a cryptocurrency trading platform registered in New York, USA, in July 2024. It primarily offers trading services for mainstream digital currencies, including Bitcoin, Ethereum, Tezos, and Cardano. The platform strictly adheres to local laws and regulations and does not provide services to jurisdictions where it could potentially violate local laws.
Platform Services
Types of Trades
To meet the needs of different investors, Datum offers a variety of trading types, including:
- Perpetual Contracts: These contracts do not have a fixed expiration date, allowing investors to hold positions for extended periods. Their prices are usually closely linked to the spot price of the underlying asset, with a funding rate mechanism to maintain price anchoring. Investors can use high leverage to amplify potential returns or losses, with risk and reward coexisting.
- Delivery Contracts: These contracts have a specific expiration date, upon which physical delivery or cash settlement occurs. This is an ideal choice for investors who wish to take delivery or hedge future price risks on a specific date.
- Spot Trading: This is the most direct way to trade digital currencies, where investors buy and sell the actual digital assets at the current market price. There is no leverage involved, making it relatively low risk, and investors can directly hold digital currency and flexibly manage their portfolios.
Trading Products
Datum supports trading in multiple major cryptocurrencies, offering a wide range of options:
- Bitcoin (BTC): As the first and most influential cryptocurrency, Bitcoin provides a decentralized digital payment method for global users, widely regarded as "digital gold" and commonly used for value storage and inflation hedges.
- Ethereum (ETH): Ethereum is not only a cryptocurrency but also an open platform supporting smart contracts and decentralized applications (DApp). Since successfully upgrading to the Proof of Stake (PoS) mechanism in 2022, it has significantly improved in terms of energy efficiency and scalability.
- Tezos (XTZ): Tezos is a self-amending blockchain with on-chain governance and self-upgrading features. With its Liquid Proof of Stake (LPoS), users can partake in network governance and consensus mechanisms, facilitating active community involvement and sustainable platform development.
- Cardano (ADA): Cardano is a blockchain platform based on scientific philosophy and peer-reviewed research, adopting the Ouroboros PoS protocol. Its layered architecture, composed of a settlement layer and computation layer, aims to provide a secure and efficient environment for decentralized applications and smart contracts.
Trading Platform
Datum offers proprietary trading software for users, supporting both iOS and Android platforms, enabling trading anytime and anywhere.
Deposit and Withdrawal Methods
Currently, the platform does not specify supported deposit and withdrawal methods, minimum amounts, or related fees on its official website.
Contact and Social Media
Regarding user communication, Datum currently only provides an email address on its official website. The platform has not established official accounts on major social media (such as Facebook, Instagram, and Twitter), so users can only contact the customer service team via email.
Company Background and Regulatory Information
According to information disclosed on the official website, Datum is a globally compliant cryptocurrency exchange with offices in San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea. The company is committed to providing convenient and secure digital currency trading services to users worldwide, offering a variety of trading tools, visualization features, and professional human support.
The company entity, Datum INC., was registered in New York, USA, on July 14, 2024, with a registration number of 20241740050. Additionally, the company completed registration with the United States Financial Crimes Enforcement Network (FinCEN) on July 11, 2024, with the MSB number 31000276391831.
Tips: FinCEN registration primarily involves compliance with anti-money laundering (AML) regulations and does not equate to obtaining a full-fledged financial regulatory license. FinCEN does not conduct in-depth reviews of the qualifications of registered entities; its regulatory focus is on preventing financial crimes, with limited oversight on consumer protection and market manipulation. Due to the large number of entities it regulates, FinCEN finds it challenging to comprehensively supervise and inspect all registered entities.
Furthermore, the "Terms of Use" page on the Datum website states that all terms and agreements are "governed by the laws of the Republic of Seychelles, and the formation, interpretation, content, and enforcement of this agreement are subject to the relevant laws of the Republic of Seychelles." However, according to queries, the Seychelles Financial Services Authority (FSA) website does not show any registration information for Datum.
Conclusion
Datum (cwmexit.com) is a cryptocurrency trading platform launched in July 2024, offering perpetual contracts, delivery contracts, and spot trading services for mainstream digital currencies such as Bitcoin, Ethereum, Tezos, and Cardano. However, the platform's official website does not clearly specify deposit and withdrawal methods and related fees, and the contact channel is limited to the email address provided on the website. Additionally, the company claims that its terms and agreements are governed by Seychelles law, but no registration information for the company is found on the Seychelles FSA website.
Risk Warning
The cryptocurrency market is highly volatile, and the regulatory environment is not yet perfected. Such trading platforms may have issues with insufficient security, funding risk, and legal risks. Investors should cautiously assess the legality and credibility of an exchange to understand trading risks fully and avoid financial losses from blind investments. It is advised to seek professional financial and legal advice before making any investment decisions.
