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Bitunix
Bitunix
Bitunix is a centralized cryptocurrency exchange (CEX) established in 2021 that specializes in both spot and derivatives trading. [1] The platform, which had its global launch in October 2022, offers a range of services including perpetual futures, copy trading, and yield-generating products. [2] [3] It has positioned itself for both novice and professional traders, operating globally with a remote-first structure and holding regulatory licenses in the United States and Poland. [2]
History
Bitunix was founded in 2021 by a team with stated experience in traditional finance and blockchain technology. [3] The exchange officially launched its trading platform for public use in October 2022. [2] Following its launch, the company secured regulatory recognition, acquiring a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN) in December 2022. It later became registered as a Virtual Asset Service Provider (VASP) in Poland. [2]
Throughout 2023, Bitunix engaged in significant public outreach and marketing efforts. The company participated in the Blockchain Economy Summit in Dubai, which was noted as its first exhibit. [4] In October 2023, the platform reported its highest-ever trading volume. [4] During this period, it also announced a partnership with the payment processor MoonPay to facilitate fiat-to-crypto purchases and integrated direct support for Visa and Mastercard payments. [4]
The exchange continued its community engagement and platform expansion into 2024. In August 2024, it hosted an X Space session with cybersecurity firm Hacken titled "From Mt. Gox to Today: Lessons Learned in Crypto Security." [5] The platform also expanded its asset listings, announcing the addition of tokens such as ZETA in September 2024, accompanied by community trading contests and airdrop campaigns. [5] The company has also been active in industry events, including Token2049 in Dubai. [2]
Products and Services
Bitunix offers a comprehensive suite of financial products and services for cryptocurrency traders, centered around spot and derivatives markets.
Trading
The platform's trading services are designed to cater to a wide range of user experience levels, from beginners to professional algorithmic traders.
Spot Trading
Bitunix provides a standard spot market for buying and selling a large number of cryptocurrencies. The exchange supports over 540 digital coins and 550 trading pairs. [1] In addition to the standard order book market, the platform offers:
- Convert: A tool for direct crypto-to-crypto conversions with no trading fees. [4]
- Spot Auto-Invest: A dollar-cost averaging (DCA) feature that allows users to automate periodic investments into selected cryptocurrencies to manage market volatility. [4]
Derivatives Trading
Derivatives are a core focus of the Bitunix exchange, with a particular emphasis on perpetual futures, which do not have an expiration date. The platform offers up to 125x leverage on these products. [2] The two main types of perpetual contracts available are:
- USDT-M Futures: Contracts that are quoted and settled in the stablecoin Tether (USDT).
- Coin-M Futures: Contracts that are quoted and settled in the underlying cryptocurrency, such as Bitcoin (BTC) or Ethereum (ETH).
Social and Practice Trading
To assist users who are new to trading or prefer a more hands-off approach, Bitunix has integrated social and simulated trading features.
- Copy Trading: This service allows users to automatically replicate the trades of experienced traders on the platform, who are designated as "top traders." [4]
- Demo Trading: A simulated trading environment that provides users with virtual funds to practice their trading strategies without any financial risk. [2]
OTC Trading
For institutional clients and high-net-worth individuals, Bitunix provides an Over-the-Counter (OTC) trading service. This facilitates large-volume trades directly between two parties, avoiding the potential price slippage that can occur when executing large orders on public order books. [2]
Crypto On-ramps and Payments
Bitunix supports multiple methods for users to purchase cryptocurrencies using fiat currency. These on-ramp solutions include:
- Fiat Deposit: Direct deposit of fiat currencies, including free EUR deposits via SEPA transfer. [4]
- Credit/Debit Card: Direct purchase of crypto using Visa and Mastercard. [4]
- P2P Trading: A peer-to-peer marketplace that enables users to buy and sell crypto directly with each other using various payment methods. [4]
- Third-Party Payments: Integration with external payment providers such as MoonPay and support for Apple Pay. [4] [1]
Yield Generation
The "Bitunix Earn" suite of products allows users to generate passive income from their digital asset holdings.
- Easy Earn / Savings: This savings product offers yield on deposited assets through both "Flexible" and "Fixed" term options. Flexible savings have no lock-up period, while fixed-term savings offer higher APYs for a set duration. [4] [2]
- Dual Investment: A structured financial product designed to help users "Buy Low" or "Sell High" at a predetermined price and date. It allows users to earn yield regardless of whether the market moves up or down, based on the settlement price relative to the target price. [4]
Launchpad and Promotions
Bitunix hosts programs designed to introduce new projects and reward its user base.
- Launchpad: A platform for new cryptocurrency projects to raise capital and gain exposure. Bitunix users can participate in token sales for these new projects, often at an early stage. [2]
- Token Splash: A platform dedicated to airdrops of new and existing tokens to eligible users. [4]
- Task Center: A feature that rewards users with cryptocurrency for completing specific actions on the platform, such as making a deposit or executing a trade. [4]
Security and Compliance
Bitunix has implemented several measures related to security, transparency, and regulatory compliance.
Regulatory Status
Bitunix holds registrations and licenses in multiple jurisdictions. The company is registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN) and as a Virtual Asset Service Provider (VASP) in Poland. [2] The exchange is legally incorporated in Saint Vincent and the Grenadines. [1] [3] A partner testimonial featured on the company's website also states that the exchange holds a Canadian license, though this is not listed in the company's official regulatory disclosures. [4]
Proof of Reserves (PoR)
The exchange maintains a public Proof of Reserves (PoR) system to demonstrate that it holds user assets at a 1:1 ratio. [3] It uses a Merkle Tree-based system, which allows individual users to cryptographically verify that their balances are included in the total reserve calculation. [2] Data from third-party auditors and portfolio trackers is also available. [1]
As of November 2025, CoinMarketCap reported Bitunix's total reserves at approximately 114.54 million around the same time. [1]
Asset Protection
Bitunix states that it utilizes 100% cold wallet storage to safeguard user funds, keeping them offline and isolated from online threats. [2] Additionally, the company claims to maintain a 300 million USDT Protection Fund to insure user assets against potential losses resulting from security breaches not caused by the user's own actions or negligence. [2]
Cybersecurity Measures
According to an analysis by CoinGecko, which awarded Bitunix a Trust Score of 8 out of 10, the exchange has undergone a penetration test, maintains a bug bounty program to incentivize ethical hackers to report vulnerabilities, and has had its Proof of Reserves audited. The analysis also noted that as of early 2025, there were no recorded major security or functional incidents that affected the safety of user funds. [1]
Platform and Technology
Bitunix provides access to its services through a web platform and dedicated mobile applications, supported by an API for automated trading.
Mobile Application
The exchange offers a native mobile app for both iOS and Android devices, available on the Apple App Store, Google Play, and as a direct Android APK download. [4] Bitunix has stated that it was the first exchange to integrate "Ultra K Line" and professional-grade TradingView indicators directly within its mobile app, providing advanced charting capabilities for traders on the go. [3]
API Access
Bitunix provides API access for users who wish to engage in automated or algorithmic trading. The API allows third-party applications to connect to the exchange's trading engine to manage orders and access market data. CoinGecko's analysis rated the platform's API coverage as Grade 'A', noting it provides endpoints for tickers, historical trades, order book data, and WebSocket streams. [1]
Partnerships and Ecosystem
Bitunix has engaged in various partnerships and community-building initiatives to expand its ecosystem.
Key Partnerships
The exchange has an official partnership with Sanyo Gutiérrez, a world-renowned professional Padel player. Gutiérrez has participated in marketing campaigns and community events, including the "Bitunix Trader Club | Padel Edition." [2] Another key partnership is with MoonPay, which provides a fiat-to-crypto payment gateway for users on the platform. [4]
Community and Education
Bitunix operates the "Bitunix Trader Club," a community initiative that hosts in-person networking events for traders and partners in various global locations, such as Bangkok. [2] For user education, the platform maintains the Bitunix Academy and a public blog, which provide tutorials and articles on trading concepts and crypto industry trends. [4] The exchange also features testimonials from various crypto influencers on its website. Partner and full-time trader Crypto_Kai noted the importance of market depth on the platform, stating, "choosing a trading environment with sufficient market depth and order quantity is definitely a priority... Bitunix also has a complete license and funds custody, for users to use the security is definitely an additional layer of protection." [4]
Key Figures
While the specific founders are not publicly named, the team is described as having professional experience from tech companies like Google and Tencent, as well as financial institutions including Goldman Sachs and Morgan Stanley. [2] Arif Khan has been cited as the CEO of the company in third-party press releases. [2]
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