Singapore, May 7, 2025 – CoinUp, a leading global cryptocurrency exchange, announced today that it will officially list the Fire Phoenix RWA (FPX) token on May 8, 2025, at 22:00 (UTC+8), launching the FPX/USDT trading pair. This milestone signifies a new phase in the integration of blockchain technology with the silver economy, offering an innovative solution that combines tokenization, intelligence, and compliance for aging societies around the world.

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Previously, the European Union passed the Temporary Act on Cryptocurrency Markets, requiring all virtual currency trading platforms to disclose proof of reserves within 48 hours. The regulatory storm caused Coinbase, Kraken and other platforms to lose more than $2.3 billion in assets in a single day, while XBIT (dex Exchange)’s on-chain TVL grew by 58% against the trend, and its fully transparent fund pool mechanism caused an industry earthquake.