BloFin review: score, licensing and risks
55/100SCORE · CCaution
Grade C, fair
BloFin is a low cost derivatives venue with minimal identity requirements at lower tiers. It holds no meaningful licence, which is the whole trade off: nothing stands behind your balance if something goes wrong.
The facts
- FOUNDED
- 2021
- HEADQUARTERS
- Cayman Islands
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Around 0.02 percent maker and 0.06 percent taker on derivatives.
- ASSETS
- 400 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Very cheap derivatives
- No KYC required for lower tiers, which some users want
✗ Weaknesses
- No meaningful regulatory standing
- Minimal KYC raises real counterparty and compliance risk
- Young venue
- Thin support
Incident history
No major security breach or regulatory action on record.
Our read
Cheap derivatives with essentially no regulatory oversight. The absence of KYC that attracts some users is precisely what makes recovery impossible if anything goes wrong.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.