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Bitunix
Crypto spot and perpetual futures derivatives exchange
About Bitunix
Bitunix is a centralized cryptocurrency exchange founded in 2021 and headquartered in Dubai. The platform specializes in crypto spot and derivatives trading, offering services to over two million users in more than 100 countries.
The company's core offerings include spot trading with over 700 trading pairs and perpetual futures trading with leverage up to 125x. Bitunix's business model is based on a maker-taker fee structure, where fees vary based on a user's VIP level, which is determined by their 30-day trading volume or asset value. The platform also generates revenue from withdrawal fees. Key features include copy trading, which allows users to replicate the strategies of experienced traders, P2P trading, and robust security measures like Proof of Reserves (PoR) auditing for transparency. The exchange supports a wide range of cryptocurrencies, including major assets like BTC, ETH, XRP, and USDT.
Since its inception, Bitunix has achieved several milestones. It launched globally in October 2022 and, in the same year, became a registered U.S. Money Services Business (MSB). In February 2023, it received a compliance license from the SEC in the Philippines and also secured $10 million in funding to support its global expansion. By 2024, the platform reported a daily trading volume exceeding $5 billion and was ranked among the top exchanges on platforms like CoinGecko.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | Apr 2023 | $10M | $40M | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for Bitunix is 8M monthly website visits, up 5.3% over the last three months. Bitunix's team grew 25.3% over the past year.
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