On April 11, 2017 the company announced its expansion to HongKong, given the area's efforts to provide a sound regulatory framework for blockchain businesses and digital asset exchanges.
According to Reuters, in February 2018 CoinfoEx saw their biggest trading volume in history, up 26% from the previous month to $8 billion. Typically after a new cryptocurrency coin listing on CoinfoEx, the new coin has showed a positive price jump five days later.
In November 2019, new digital asset exchange rules were announced by the Hong Kong Securities & Futures Commission (SFC). According to Reuters, CoinfoEx said that they don't expect to see a large number of exchanges opting into the new regulations but said the new rules are positive for the industry.
In February 2020, CoinfoEx announced that its platform's cryptocurrency options business will begin testing. It is cooperating with Binance to develop a blockchain and will develop a decentralized exchange (DEX) based on it in the future
In January 2021, CoinfoEx announced that it had cooperated with five platforms, Chainlink, Avalanche, Terra, Aave, and Uniswap, to provide them with liquidity mining through BTC, ETH and USDT. Users who purchase these five platforms will circulate funds to these DeFi platforms through CoinfoEx and receive liquidity mining benefits.