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WhaleEx Review 2026: Exchange Closed

WhaleEx was an EOS-based decentralized exchange, but it says it closed its business and shut its app and servers. It is not an active place to trade.

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

—/10

Not rated

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Our verdict on WhaleEx

WhaleEx was an EOS-based decentralized exchange, but it is not suitable for new trading: the project says it closed all business in 2021 and planned to shut its app and servers in 2023. Its stated multi-signature custody design is useful historical context, not assurance that funds remain accessible. The main caveat for former users is that the closure notice describes an asset inquiry process involving sensitive identity documents. Verify any contact independently before sharing personal information.

Score breakdown

How WhaleEx scores

Security: n/a
Ease of use: n/a
Fees: n/a
Features: n/a

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is WhaleEx?

WhaleEx was a decentralized exchange protocol on EOS, described as using a multi-signature smart contract for asset custody. Its closure notice says all business ended in May 2021 and the app and servers were scheduled to shut in December 2023. WhaleEx also says assets were withdrawn from its smart contract in November 2023, so it is not an active exchange.

How WhaleEx works

WhaleEx was described as a decentralized exchange protocol on EOS. A decentralized exchange typically lets users trade crypto through blockchain-based contracts rather than a conventional exchange account, and WhaleEx described its custody approach as using a multi-signature smart contract.

WhaleEx's closure notice says it stopped all business in May 2021, then maintained limited functions for distributing outstanding mining-compute returns and withdrawals. It says the app and servers were to close in December 2023 and that assets were withdrawn from the smart contract the month before.

2 features

Key features

EOS exchange protocol

WhaleEx described its exchange protocol as operating on the EOS blockchain.

Multi-signature custody

The project described its custody design as using a multi-signature smart contract. Its closure notice says assets were later withdrawn from that contract.

Pros and cons

What we like

The project identified EOS as its operating chain.
WhaleEx described a multi-signature smart-contract custody model.
Its closure notice gives a direct account of the service shutdown and asset withdrawal.

Watch out for

WhaleEx says it closed all business in May 2021 and planned to shut its app and servers in December 2023.
The project says remaining assets were withdrawn from its smart contract in November 2023, so the exchange should not be treated as an active trading venue.
No audit is listed.
The asset-recovery process described by WhaleEx asks users to send sensitive identity information by email.

WhaleEx fees

Trading fees are not published. WhaleEx is closed, so there is no active trading interface where users can check current fees.

Is WhaleEx safe?

WhaleEx is inactive, and its closure notice says assets were withdrawn from its smart contract in November 2023. No audit is listed. The project describes its former custody setup as multi-signature, but that does not remove smart-contract or signatory risks. The asset inquiry process asks for sensitive identity documents; verify any contact independently before sharing them.

4 steps

How to get started with WhaleEx

1
Do not connect a wallet or deposit funds expecting to trade; WhaleEx says it closed its business.
2
If you believe you have a remaining balance, first look for official closure information and verify that any contact method is genuine.
3
The closure notice names an email address for asset inquiries and requests identity documents; do not send sensitive information until you have independently verified the request.
4
Do not assume that any remaining assets are recoverable: WhaleEx says assets were withdrawn from its smart contract in November 2023.

Open WhaleEx

Who WhaleEx is for

This profile is relevant mainly to former WhaleEx users checking the exchange's closure and its stated remaining-asset inquiry process. It is not for people looking for an active exchange.

WhaleEx FAQs

Is WhaleEx still operating?

No. WhaleEx says it closed all business in May 2021 and planned to shut its app and servers in December 2023. It should be treated as inactive.

What was WhaleEx?

WhaleEx described itself as a decentralized exchange protocol on EOS. Its closure notice says the remaining assets were withdrawn from the smart contract in November 2023.

How can I contact WhaleEx about remaining assets?

WhaleEx's closure notice gives an email contact for remaining-asset inquiries and asks for personal identity documents. Verify the contact independently and consider the risks carefully before sending sensitive information.

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