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Toobit

Not licensedNo EU authorizationESMA register

Toobit Ltd

ExchangeCayman Islands Founded 2022toobit.com
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Last reviewed
27 Aug 2026
2026-08-27

Compliance snapshot

  • No EU, UK or tier-one exchange authorization disclosed
  • Cayman parent; derivatives account for most reported volume
  • Operating history shorter than four years
Overall concern
High concern

Recently launched offshore venue with only light registrations, no EU authorization and limited public disclosure of entity structure or reserves.

Licenses & registrations

  • Cayman IslandsNot licensed
    Company registration (no financial services licence)
    Cayman Islands Monetary AuthorityCIMA
    KY-3981122022-03-08
    Verify at source
  • United StatesRegistered
    MSB registration
    Financial Crimes Enforcement NetworkFinCEN
    31000-2306-11872023-06-14
    Verify at source

Reputation

Verified reputation data is unavailable

The ratings on file are illustrative and have no source URL or collection date. A verified source and review date are needed before scores can be displayed here.

Customer reviews
Source needed. A direct review-platform source and collection date are needed.
App Store & Google Play
Source needed. Verified store listings and collection dates are needed.
Press sentiment
Source needed. A dated source set and calculation method are needed.
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Recent press

  • 2026-06-20
    Toobit expands perpetual contract rangeNeutral

    CoinDesk — New contract pairs were added for mid-cap assets.

  • 2026-03-31
    Newer venues struggle for banking partnersNegative

    Reuters — Fiat access remained constrained for recently launched operators.

  • 2025-12-18
    Exchange publishes first reserve snapshotNeutral

    Bloomberg — A self-reported wallet snapshot covered four assets.

  • 2025-09-04
    Supervisors widen warning listsNegative

    Financial Times — Several newer venues were named for soliciting EU residents.

  • 2025-05-15
    Toobit adds launchpad productNeutral

    CoinDesk — A token-sale feature was introduced for retail users.

Incidents & enforcement

  1. 2025-09-04Enforcement

    Named on a national supervisory warning list for providing services without authorization.

  2. 2024-11-02Outage

    Trading engine unavailable for around two hours during a scheduled upgrade.

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Report an outdated licence, a missing incident or a wrong status. Every suggestion is checked against the official register before the profile is changed.

Profile last reviewed 27 Aug 2026 (2026-08-27)