How does CAEX Vietnam Crypto Exchange work?
How does CAEX work?
CAEX is described as a centralized exchange model, meaning there is an intermediary organization that receives orders, matches orders, and manages the custody system. This mode of operation differs from decentralized exchanges , where users trade directly from their personal wallets without the need for an intermediary to control the order book.
The basic process involves depositing VND into a verified account, placing a buy or sell order for the cryptocurrency, and then the system automatically matches the order. The asset is held in the exchange’s custody system and is separate from the business’s operational assets.
CAEX also stated its intention to connect liquidity with international partners. If implemented, this mechanism could help reduce bid-ask spreads and improve order matching, although its actual effectiveness still depends on official licensing and operation.
What does CAEX’s shareholder structure and strategic partners reveal?
According to published information, CAEX’s founding shareholders include LynkiD and VPBankS. LynkiD initially held a controlling stake, while VPBankS held a smaller portion of the capital. This structure suggests that CAEX is connected to the VPBank ecosystem, but remains an independent legal entity.
On the international side, OKX Ventures and HashKey Capital appear as strategic investors. The significance of this lies not only in capital, but also in their ability to provide support in infrastructure, security, risk management, and liquidity connectivity. However, the extent to which this support translates into actual operational capabilities still needs time to be verified.
