Tapbit is a global centralized cryptocurrency exchange (CEX) that launched in 2021 as the successor to the Billance Exchange. The platform provides a range of financial services including spot trading, derivatives, copy trading, and interest-bearing products. Tapbit positions itself as a derivatives-focused platform, emphasizing security, regulatory compliance, and technological stability for its user base. ^[1] As of November 2025, the exchange reports serving over 12 million registered users worldwide. ^[1]​

History

Tapbit was founded in 2021 as the successor to Billance Exchange. While some data aggregators list an establishment year of 2019 or 2020 for its preceding entity, the official rebranding and launch under the Tapbit name and its associated global strategy occurred later. ^{[2] [1]} The platform initially concentrated on the crypto derivatives market before expanding its services to become a full-service exchange. ^[3]​

Over its initial years, the exchange focused on acquiring regulatory licenses in multiple jurisdictions and building out its product suite. In May 2022, the company completed its rebrand from Billance to Tapbit, a change intended to reflect its core values of speed and user-friendliness in a global market. ^[2] By late 2025, the platform had grown to support several hundred cryptocurrencies and over a thousand trading pairs, while its user base expanded to more than 12 million globally. ^[1]​

The company is led by CEO Lucas, who has emphasized that trust and innovation are the primary competitive advantages for a cryptocurrency exchange. ^[1]​

4th Anniversary (November 2025)

In November 2025, Tapbit commemorated its fourth year of operation with a series of events and announcements centered on the themes of "innovation and user trust." ^[4] The anniversary milestone was formally marked around November 19, 2025, with a press release and participation in the TOKEN2049 Singapore Summit at the Marina Bay Sands Expo & Convention Centre. At the summit, Tapbit hosted a dedicated booth with interactive activities, including "Ask Me Anything" (AMA) sessions with crypto influencers, treasure hunts, and scratch card giveaways for attendees. ^[1]​

To engage its user community, the exchange launched several promotions, including a "Trading Carnival" and a "Tapbit Futures Anniversary Challenge," which ran from November 17 to December 8, 2025, offering a prize pool of 2,000 USDT. A zero-fee spot trading campaign was also initiated to mark the occasion. ^{[3] [4]}​

As part of the celebration, Tapbit hosted a roundtable discussion on X Spaces, which featured several crypto key opinion leaders and influencers. ^[4]​

In a statement regarding the anniversary, Tapbit CEO Lucas said,

“Four years is just the beginning. We believe that trust and innovation are the core competitive advantages of a cryptocurrency exchange... Every era needs visionaries looking to the stars. Tapbit strives to be a trusted harbor for users, even in volatile markets.”

Tapbit team representative Miki added, "We sincerely thank every user, partner, and community member for their trust and support. Tapbit will continue to look to the stars while staying grounded, writing new chapters in the crypto era over the next four years.” ^[1]

Products and Services

Tapbit provides a comprehensive suite of financial products for trading and investing in digital assets. ^[3]​

Spot Trading

The spot market on Tapbit allows users to directly buy and sell cryptocurrencies for immediate settlement. The platform supports several hundred cryptocurrencies and over 1,000 trading pairs. ^[1] Major trading pairs include those paired against USDT and USDC, such as BTC/USDT and ETH/USDT, which constitute a significant portion of the exchange's trading volume. ^[5] The exchange periodically runs promotional campaigns offering zero-fee trading on its spot market. ^[3]​

Derivatives Trading

Derivatives trading is a core product of the Tapbit exchange, which offers perpetual futures contracts for a wide variety of crypto assets. This service allows traders to speculate on the future price movements of assets with the use of leverage. The platform promotes its derivatives product by highlighting four main advantages: low transaction fees, high liquidity and market depth, minimal slippage due to its matching engine, and a diverse selection of trading pairs. ^[3]​

Copy Trading

Tapbit features a copy trading service that enables users, known as "copiers," to automatically replicate the trading strategies of experienced traders, referred to as "Master Traders." This feature is designed to lower the entry barrier for novice users to participate in advanced trading. As of late 2025, the platform hosted over 1,200 Master Traders. Tapbit states that it employs a rigorous evaluation process for selecting Master Traders based on their professional competence, risk management strategies, and historical performance to ensure user confidence. According to the company, the total profit and loss (PNL) for copiers on the platform had exceeded 15,000,000 USDT. ^{[3] [1]}​

Tapbit Earn

The "Tapbit Earn" service allows users to generate passive income on their digital asset holdings. It offers flexible savings products with advertised Annual Percentage Yields (APY) of up to 15%. This feature caters to users looking for yield-generating opportunities beyond active trading. ^[3]​

Additional Services

• Fiat On-Ramp: The exchange facilitates the purchase of cryptocurrencies using several fiat currencies, including USD, JPY, GBP, and SGD. Accepted payment methods include credit cards, debit cards, and bank transfers. ^[2]
• Demo Trading: Tapbit provides a simulated trading environment where users can practice trading strategies with virtual funds. This allows them to familiarize themselves with the platform and test strategies without risking real capital. ^[4]

Technology and Infrastructure

Tapbit's platform is built on a proprietary technology stack designed to provide high performance and stability. The core of its infrastructure is its Core Aggregation Engine. According to the company, this engine is engineered to handle a high volume of concurrent transactions and settlements with low latency. It is also designed for fault tolerance, ensuring system stability and preventing failures during periods of extreme market volatility. This technology helps to solve issues related to high user traffic and intense trading activity. ^{[5] [2]}​

The exchange also utilizes what it describes as a third-generation, high-speed matching engine. This system is responsible for executing trades and is optimized to process a large number of orders per second, which aims to minimize slippage and ensure a seamless trading experience for users. ^[4]​

Security and Regulatory Compliance

Tapbit emphasizes security and regulatory adherence as core components of its operations. The exchange has implemented a multi-faceted approach to protect user assets and comply with international financial regulations. ^[3]​

Regulatory Framework

Tapbit holds registrations and licenses from several financial regulatory bodies across different countries. These licenses allow it to operate in compliance with local laws for cryptocurrency and financial services. As of November 2025, its regulatory status includes:

• United States: Registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) and holds a general financial license from the National Futures Association (NFA).
• Canada: Registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
• Lithuania: Holds a digital currency exchange license.
• St. Vincent and the Grenadines: Registered with the Financial Services Authority (SVG FSA) for crypto and forex business.

The combination of these licenses supports its global operations in both fiat and crypto transactions. ^{[3] [4] [2] [5]}​

Asset Protection

• Insurance Fund: The exchange maintains a $50 million USDT insurance fund to protect user assets. This fund is intended to provide full reimbursement for user losses that could result from platform-related security breaches or other unforeseen catastrophic events. ^{[3] [1]}
• Proof of Reserves (PoR): Tapbit has implemented a Proof of Reserves system to provide public, verifiable proof that it holds user assets on a 1:1 basis. As of late 2025, the exchange's website reported a Bitcoin (BTC) reserve ratio of 2,341% and a Tether (USDT) reserve ratio of 125%. ^[3] Data from CoinMarketCap around the same time showed total reported reserves of approximately $58.5 million, with Bitcoin (80.47%) and Tether (19.53%) as the primary assets. ^[5]
• Wallet Architecture: Tapbit employs a security architecture that combines hot and cold wallet separation with multi-signature technology. A significant portion of user funds are stored in offline cold wallets to protect them from online threats and unauthorized access. ^[5]

Market Position and Metrics

As of November 2025, Tapbit has established itself as a competitive player in the global cryptocurrency exchange market, particularly in the derivatives space.

• Trading Volume: Third-party data aggregators reported a 24-hour spot trading volume for Tapbit in the range of 55 billion, a figure that likely includes activity from its high-leverage derivatives market. ^{[2] [5] [3]}
• Market Rankings and Scores: Historically, Tapbit has reached a peak ranking of 7th on CoinMarketCap's exchange list. ^[3] Data aggregator CoinGecko assigned Tapbit a Trust Score of 8/10. This composite score evaluates an exchange based on liquidity, scale of operations, cybersecurity standards, API coverage, and its history of security incidents. In cybersecurity, Tapbit's score is supported by its participation in bug bounty programs and external audits. ^[2]
• Supported Assets: The exchange lists a wide variety of digital assets, with sources indicating support for over 490 different cryptocurrencies and more than 1,000 trading pairs. ^{[3] [1]}