Ourbit review
Ourbit is a centralized cryptocurrency exchange established in 2020 and registered in the British Virgin Islands, a common offshore domicile for newer exchanges. It describes itself as built by an anonymous "ex-founding team of top-tier exchanges" and has scaled quickly, reporting close to $1 billion in daily spot volume and over 1 million users across 100+ countries. Beyond spot and margin trading, it offers futures with leverage up to 200x, a built-in DEX, an OTC desk, and tokenized stocks, ETFs, commodities and forex alongside 800+ cryptocurrencies. It advertises zero spot trading fees, a Hacken security audit and 1:1 proof of reserves, and holds a US MSB registration, but has no named founders and is not listed as a trusted exchange by CoinCodex.
Ourbit key facts
- Website: ourbit.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: 2020
- Headquarters: British Virgin Islands
- Leadership: Anonymous team, no named founders disclosed
- Regulatory status: US MSB registration; no full licence identified
- Trading fees: 0 fees advertised on spot trading
- Supported assets: 800+ coins, 90+ tokenized assets
- Trust rating: 8/10 on CoinGecko; not listed as trusted by CoinCodex
- FYI Score: 73.2/100 (ranked #41 of the 48 crypto exchanges we track)
Trading fees
- Advertises zero fees on spot trading
- Futures and margin trading offered with leverage up to 200x
- Maker/taker fee schedule for futures and margin not independently confirmed in sourced material
Supported assets & products
- 800+ cryptocurrencies and roughly 90 tokenized traditional assets, including stocks, ETFs, commodities and forex
- Integrated centralized exchange, decentralized exchange and OTC desk on one platform
- Launchpad for new token listings, plus desktop and mobile apps
- Prediction markets included among its traditional-asset offerings
Security & regulation
- Registered in the British Virgin Islands; holds a US Money Services Business (MSB) registration, a lighter-touch status rather than a full trading licence
- Reports a Hacken security audit, 1:1 proof-of-reserves verification, cold-wallet storage and multi-factor authentication
- CoinGecko trust score of 8/10 with no recorded security incidents to date, though the exchange has only operated since 2020
- CoinCodex does not currently list Ourbit among its trusted exchanges
Fiat & payments
- Fiat gateway and credit-card purchases supported
- 8 stablecoins available, including USDT, USDC and gold-backed PAXG and XAUT
- Specific fiat currencies and payment processors not disclosed in public listings
Markets
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Who Ourbit is for
Traders drawn to Ourbit's zero-fee spot pricing, high leverage and broad tokenized-asset menu should weigh the offshore BVI registration, anonymous team, and lack of a major-market licence before depositing funds.
Pros
- Rapid growth to close to $1 billion in reported daily volume within a few years of launch
- Wide asset range: 800+ cryptocurrencies plus tokenized stocks, ETFs, commodities and forex in one account
- Zero advertised fees on spot trading
- Reports a Hacken security audit and 1:1 proof of reserves
Cons
- No named founders or leadership; the team is described only as an anonymous "ex-founding team of top-tier exchanges"
- Registered in the British Virgin Islands with only a US MSB registration, not a full trading licence in any major market
- Not listed as a trusted exchange by CoinCodex
- Short track record since its 2020 launch relative to established exchanges; zero-fee spot pricing and other figures are self-reported and not independently audited by FYI
Ourbit FAQ
Is Ourbit a real, legitimate exchange?
Yes, Ourbit is an actively traded exchange listed on both CoinGecko and CoinMarketCap, reporting close to $1 billion in daily spot volume. "Legitimate" in the sense of operating and liquid is different from being fully regulated: it holds only a US MSB registration and is not listed as a trusted exchange by CoinCodex.
Is Ourbit regulated?
Ourbit holds a US Money Services Business (MSB) registration, which is a registration for money-transmission activity rather than a comprehensive trading licence. No full regulatory licence in a major market was identified in sourced material.
Who founded Ourbit?
No individual founders or executives are named in Ourbit's public listings. The exchange describes its team only as an "ex-founding team of top-tier exchanges," without disclosing specific names or prior employers.
What are Ourbit's trading fees?
Ourbit advertises zero fees on spot trading. Fees for futures and margin trading, where leverage up to 200x is offered, were not detailed in the sourced listings.
Compare Ourbit with other crypto exchanges
See all crypto exchanges ranked by FYI →
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