OAMRegulated
Italy Crypto Asset Trading License (STP)
zondacrypto
Stop of Business
Regulated in Italy
Crypto Asset Trading License (STP)
Basic Information
Country/RegionPoland
Exchange Abbreviationzondacrypto
Company NameBB TRADE ESTONIA OU
Operating Period2-5 years
Websitehttps://zondacrypto.com/en/home
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- PSV48
- Regulatory Jurisdiction
- Italy
- Licensed Entity
- BB TRADE ESTONIA OU
- Effective Date
- 2022-07-22
- Sharing Status
- No
Exchange Overview
Exchange Overview
Zondacrypto (ex-BitBay) is one of the largest digital currency exchanges in Europe with over 1 million users. The company was established in 2014 and it is regulated by the Estonian Financial Intelligence Unit (FIU). The Zondacrypto exchange has a policy against money laundering and terrorism financing and ensures the safety and security of the deposits and trading via the platform by applying strict AML and KYC procedures.
Users can make transactions in over 50 coins and tokens in pairs with traditional currencies (EUR, GBP and PLN), stablecoins (USDT and USDC), and BTC and ETH. Zondacrypto is continually developing and expanding its business, which has resulted in the creation of such products as Zondacrypto FIAT Exchange and Zondacrypto Pay.
Zondacrypto is on a mission to democratize the access to cryptocurrency. The company’s ambition is to develop simple intuitive tools, the education programmes, and the regulatory framework, that will help its customers to trade and spend confidently from a position of strength.
To know more about investments in digital assets, please visit www.zondacrypto.com.
Business Region
InfluenceB0
2
4
6
8
10
News
4
From a “European Established Compliant Exchange” to a “Withdrawal Hell”: Zondacrypto Collapse Exposes the Most Dangerous Illusion — A License ≠ Safety
As more and more small and mid-sized crypto exchanges disappear or collapse, many investors choose trading platforms based on a few simple questions: Is it compliant？ Does it have a license？ How long has it been operating？ How many users does it have？ However, the widely discussed Zondacrypto collapse has taught the crypto industry a painful lesson: The most dangerous exchanges are often not the small platforms that suddenly appear overnight — because users already know they look suspicious. The real danger comes from platforms hiding behind the image of “compliance, reputation, and a large user base.” After BitMart and BitMEX, two once-established crypto exchanges that faced shutdowns and major controversies, the spotlight has now turned to Zondacrypto — a long-standing European exchange once considered a compliant industry player. This means the worlds three major crypto markets — China, the United States, and Europe — have now all experienced major exchange failures. But Zondacryptos collapse introduced a new and disturbing twist: The founder allegedly disappeared years before the exchange collapsed. The platform continued operating as usual for years. Only when the massive funding gap became impossible to cover did the second-in-command CEO also disappear. This $650 million scandal, affecting tens of thousands of investors, has exposed major weaknesses in Europes crypto regulatory
Polish Crypto Exchange Zondacrypto CEO Flees to Israel as $97M Fraud Probe Deepens
Polish prosecutors have opened a fraud investigation into cryptocurrency exchange Zondacrypto after chief executive Przemysław Kral departed for Israel, where his citizenship could prevent extradition, leaving up to 30,000 users facing losses tied to an inaccessible cold wallet holding 4,500 bitcoin. Key Takeaways:Polish prosecutors launched a fraud investigation into Zondacrypto, identifying losses of at least 350 million PLN ($97M) affecting up to 30,000 users.CEO Przemysław Kral is reportedly in Israel, where his citizenship may prevent extradition as Israel does not extradite its own citizens.Krals last public communication confirmed 4,500 $BTC in an inaccessible cold wallet before he went silent. A $97M Black Hole and a CEO Out of Reach Zondacrypto was among Polands largest cryptocurrency exchanges before a sequence of disclosures revealed deep reserve and governance problems at the platform. Image source: Onet media In his last documented public communication, Kral confirmed that a cold wallet holding 4,500 $BTC had become inaccessible. He has not issued a public statement since, and reports from Polish media outlet Onet indicate Kral has been in Israel for approximately one week. Polish authorities confirmed he holds Israeli citizenship, a factor that significantly complicates any extradition effort. Poland has no established track record of extraditing individuals from Israel. More critically, Israel
Crypto Exchange Zondacrypto Wins 7th License with CySEC Approval
Cyprus Securities and Exchange Commission (CySEC) licensed crypto exchange Zondacrypto, marking the 7th regulatory license for the company. With over 1.3 million active users, the company welcomed the regulatory step as a part of its efforts to offer a secure digital asset trading platform. Preparing for MiCA Regulations Speaking about the approval, CEO Przemyslaw Kral, said on LinkedIn: “Happy to announce that Zondacrypto has secured its 7th license, this time from the CySEC. This milestone further solidifies our mission to provide a safe, transparent, and fully compliant trading environment for our 1.3 million active users.” “As we prepare for the upcoming MiCA regulations in the EU, this new license reinforces our dedication to maintaining the highest standards of security and compliance in the crypto space. And this commitment is something we take very seriously.” The company cited the EUs forthcoming Markets in Crypto-Assets (MiCA) regulations, which aim to provide a more unified legal framework for digital assets. CySEC License As the crypto sector continues to evolve, Zondacrypto is setting the bar higher for compliance, signaling to users and regulators alike that security and transparency remain at the heart of its mission. Expect ongoing updates as this story evolves.
