Asset Reserves
Exchanges with reserves exceeding 56.91%
29 /100
$191,430,000
BTC$139.23M
Biconomy
Questionable Regulatory License
Regional Exchange
Proof of Reserves
No Regulatory License
Be aware of the risks!
Basic Information
Country/RegionThe Virgin Islands
Exchange AbbreviationBiconomy
Exchange TypeCentralized Exchange
Operating Period5-10 years
Websitehttps://www.biconomy.com/
Trade TypeSpot Trade、OTC Trading
RiskNotice
1 risk alerts
This platform currently has no valid crypto asset regulation. Please be aware of the risks!
Capital flows
Exchanges with 7D outflows exceeding 36.10%
24 /100
-$111,794.21
0.06% StableTrading Volume
Exchanges with 24H trading volume exceeding 86.89%
42 /100
$1,260,000,000
4.15% Official Token
BIT
BitDAO
$0.48
0.29%
Issue Time
2021-08-11
Crowdfunding Price
$1.50
return on investment
-68.17%
Recently destroyed (pieces)
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Total destroyed (pieces)
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| Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
| BTC/USDT | $79,032.67 | 2.21% | $980,084,058.27 | $9.52M/$11.30M | 969 |
| ETH/USDT | $2,481.95 | 1.47% | $729,386,283.14 | $4.39M/$4.24M | 817 |
| SOL/USDT | $96.14 | 0.97% | $81,252,374.4 | $1.24M/$1.23M | 577 |
| XRP/USDT | $1.48 | 1.29% | $52,469,469.6 | $695.11K/$702.94K | 576 |
| SUI/USDT | $0.8134177 | 2.06% | $27,882,825.62 | $182.67K/$163.09K | 503 |
| ADA/USDT | $0.22030479 | 2.12% | $27,572,433.28 | $154.08K/$150.67K | 433 |
| BNB/USDT | $705.21 | 0.83% | $22,723,842.2 | $535.17K/$611.05K | 522 |
| DOGE/USDT | $0.08949195 | 3.68% | $17,042,214.49 | $562.58K/$510.28K | 561 |
| LTC/USDT | $52.04 | 0.46% | $16,550,706.51 | $387.63K/$386.71K | 509 |
| HYPE/USDT | $77.73 | 3.95% | $12,957,505.13 | $139.23K/$121.84K | 469 |
Exchange Overview
Exchange Overview
What Is Biconomy.com?
Biconomy.com is a cryptocurrency trading and investment platform where users can easily buy, sell, exchange, and store cryptocurrencies. The platform is intuitive and beginner-friendly, supporting basic crypto transactions, digital wallets, and payments such as SEPA,SWIFT, etc.
Established in October 2019, Biconomy.com currently serves over 1 million users and institutions globally, offering access to a wide range of assets and contracts across Spot and crypto derivatives like Futures and Options. The platform also includes features like Demo and Copy Trading, Launchpad projects, Earn and Kickstarter products, an NFT Marketplace, and more.
Biconomy.com provides a professional platform where crypto investors and traders can benefit from an ultra-fast matching engine, 24/7 customer service, a robust mobile app, and multilingual community support. To withdraw funds from accounts or deposit cryptocurrencies, users must complete a mandatory KYC, or “Know Your Customer,” process.
Biconomy.com also has a native token, BIT, and plans to develop its native blockchain, which will allow builders and projects to deploy DApps and enable developers to fully utilize the platform's infrastructure.
Who Are the Biconomy.com Founders?
The company was founded by Dmitriy Sheludko, who is also the current CEO. To make Bitcoin trading as secure as possible for all cryptocurrency enthusiasts, he decided to build a trading platform. Dmitriy Sheludko holds bachelor's degrees in Economics and Psychology from Yale University and has extensive experience in trading and money management on the NYSE before joining the crypto world in 2014.
When Did Biconomy.com Launch?
Biconomy.com was launched in October 2019.
Where Is Biconomy.com Located?
Biconomy.com is one of the first cryptocurrency exchanges in the market, with a team distributed all over the world. The company is registered in the British Virgin Islands, but it does not have a physical head office, and all employees work remotely due to the nature of the crypto business.
Biconomy.com Restricted Countries
Biconomy.com is available in over 100 countries, although some functions may be restricted in certain areas. The full list of restricted regions can be viewed on the official website.
What Coins Are Supported on Biconomy.com?
Biconomy.com lists over 180 crypto tokens and offers more than 200 spot trading pairs, including major coins like BTC, ETH, BIT, SOL, APE, LTC, DOGE, SHIB, AVAX, MATIC, DOT, AAVE, XRP, and more.
How Much Are Biconomy.com Fees?
Commissions on the platform are highly competitive and among the lowest in the market. Users can deposit funds without any fees, while withdrawal fees vary depending on the cryptocurrency.
Trading fees on the platform start at 0.10% and decrease as trading volume increases. For regular users, fees are based on their 30-day trading volumes, with rates following a maker-taker model.
Is It Possible To Use Leverage or Margin Trading on Biconomy.com?
Biconomy.com offers its clients the ability to trade with up to 100X leverage on crypto derivatives products. Available products include BTC/USD, ETH/USD, XRP/USD, EOS/USD, and other perpetual contracts. Users can also utilize isolated margin and cross margin. Customers have access to inverse perpetuals, crypto futures, crypto options, and leveraged tokens.
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News
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WikiBit Exchange Exit Risk Rankings #51: Bitget — 131% Reserve Ratio, a $387.5 Million Theft, and ZachXBT’s Claim That Its CEO Is Just a “Figurehead”
Introduction: The Regulatory Cracks Behind a Data-Driven Success Story In our first 50 installments, we investigated a series of exchanges ranging from HashKey to Gate. For Episode 51, we turn to a platform whose compliance narrative appears particularly contradictory: Bitget. On paper, Bitget performs impressively across several key metrics. It has more than 125 million users worldwide, held a 6.4% market share at the end of 2025, and ranked sixth globally. It has published 47 consecutive Proof of Reserves (PoR) reports, reports an overall reserve ratio of 131%, responds to 81% of negative Trustpilot reviews, and holds a 4.6-star rating on both the Apple App Store and Google Play. From almost any angle, it looks like a major exchange that takes its operations seriously. But there is another side to the story. In November 2023, France‘s financial markets regulator, the Autorité des marchés financiers (AMF), placed Bitget on its blacklist, confirming that it was operating without authorization. Although its blacklist status was removed on July 9, 2026, Bitget also exited the French market around the same time. As of October 2026, Bitget is still absent from the European Securities and Markets Authority’s (ESMA) register of MiCA-authorized Crypto-Asset Service Providers (CASPs), and the MiCA transitional
WikiBit Exchange Exit Risk Ranking #26: Biconomy — The “Compliant Exchange” on Canada’s Blacklist, as the “High-Risk Exchange Club” Continues to Expand!
Introduction: A “Self-Proclaimed” Compliant Exchange In the first 25 editions, we investigated a series of exchanges ranging from HashKey to CoinEx. For the 26th edition, we are taking a closer look at one of the most confusing cases in terms of identity — Biconomy.com. First, lets clear up one thing: there are two “Biconomy” projects in the crypto industry. One is Biconomy.io, a Web3 cross-chain infrastructure protocol. It has a publicly identified team, legitimate financing, investment from Coinbase Ventures, and backing from Polygons COO. It has nothing to do with exchange operations. The other is Biconomy.com, which describes itself as a “global cryptocurrency exchange,” was established in 2019, and operates through the biconomy.com domain. The subject of todays investigation is the latter. On paper, its profile sounds impressive: “registered with the Securities Commission Malaysia,” “US MSB + Canadian FINTRAC MSB registrations,” “serving more than 1 million traders worldwide,” “independent third-party custody,” and “support for Malaysian Ringgit (MYR) deposits and withdrawals.” Sounds like the typical setup of a “regulated Southeast Asian crypto exchange,” right？ But there is another side to the story. On April 5, 2024, the Alberta Securities Commission (ASC) in Canada officially placed it on its investor alert list, citing the provision of financial services by an “unregistered/unlicensed
Biconomy’s Mission to Make Web3 Mainstream and Onboard a Billion Users
Biconomy has set a bold mission to make Web3 mainstream and onboard a billion users. To achieve this, the company is likely focusing on several key aspects. It aims to simplify the Web3 user experience by eliminating complex processes and reducing barriers to entry. This could involve continued development of its existing technologies such as those related to gasless transactions and account abstraction. Biconomy may also be working on building partnerships with a wide range of companies and organizations across different industries to expand the reach of Web3. Additionally, it might be investing in educational initiatives to raise awareness about Web3 among the general public and help them understand the benefits and opportunities it offers.
