BiFinance

About BiFinance

BiFinance positions itself as an institutional-grade digital asset trading platform, leveraging experience from traditional finance and investment banking to serve a global clientele. The company was established in April 2022 by its CEO, Bob, who has over 15 years of experience in underwriting, sponsoring, and managing IPOs in Hong Kong and the US. This background in traditional finance is a cornerstone of the company's strategy, aiming to merge the stability of investment banking with the cryptocurrency market.

The platform facilitates the buying and selling of a wide range of cryptocurrencies, including major ones like Bitcoin and Ethereum, and is actively developing digital derivative products. Its services cater to both new and experienced traders, offering spot trading, futures, options, margin trading, and staking. The business model centers on transaction fees, which are structured under a tiered system from L1 to L8 based on a user's holdings and trading of the platform's native token, BFT. For instance, the highest tier, L8, offers zero maker fees for spot orders. BiFinance supports fiat currencies such as USD, EUR, and GBP for deposits and withdrawals, broadening its accessibility.

A key milestone for the company was securing a U.S. MSB license in April 2023, a year after its founding. BiFinance has also pursued a global compliance strategy, establishing legal and risk control teams in several regions, including Hong Kong, Japan, South Korea, and Canada. In March 2025, the company announced it had raised $10 million in financing from investors including Donghao Asia, Dingyi Group, and SDM. Another funding event noted was a Series A round in August 2024 for $10 million from investors like Dingyi and Sunfund Fortuna Global Opportunities. The platform emphasizes security, employing measures like two-factor authentication (2FA) and cold storage for the majority of funds. Furthermore, BiFinance is expanding its ecosystem to include BiFinance SocialFi, BiFinance Web3, and an NFT Market, indicating a strategy to diversify beyond a simple exchange.