Aibit

About Aibit

Aibit is a financial technology company that operates a cryptocurrency trading platform, leveraging artificial intelligence to enhance the user experience. Launched in 2023, the Singapore-based company provides services to over one million users globally. The CEO is identified as Ted Baker.

The company's business model revolves around providing a platform for digital asset trading, including spot and futures trading, staking, and copy trading. It generates revenue from trading fees, with spot trading fees at 0.2%, which can be reduced for active traders. The platform serves both novice and experienced cryptocurrency traders. Aibit has secured a Money Services Business (MSB) license in the United States and Canada and is pursuing regulatory approvals in other regions like Australia and Hong Kong.

Aibit's core product is its trading platform, accessible via web and mobile apps for iOS and Android. A key feature is the integration of an AI assistant that provides real-time, on-chain data and analysis across multiple blockchains, such as Ethereum and BNB Chain. This AI tool is designed to help users with strategy, risk management, and identifying market opportunities. The platform also offers features like 'address clustering' to track the activities of significant market players and 'smart money insights' to analyze alerts from notable addresses. For futures trading, it supports leverage of up to 425x.