Hey! hope this dip is serving you well. On Upcoin I spotted it myself a few weeks ago - and after getting into KCS early i've been on the hunt for another exchange which I could get into. But i wasn't entirely convinced by the below - would love your thoughts:

1. The website doesn't really say much, they don't really list the team anywhere (which they use an excuse as to prevent hacks...but i wonder if thats just a cover up) - either way this raised a flag for me,
2. They claim to keep all trades secret and never work with any government to release that information - yet have not disclosed where they will be domiciled. This raises a further flag because they plan to operate without identifying where they want to be based - and this anonymous trading is a crucial differentiator. In my opinion I don't think there really is anywhere which will let you setup where the government of that country will have ZERO power over your business operations...
3. I've heard people talk about them charging a membership fee as well...this makes me hesitant - but i cant see that on their website!