Digital Surge review: score, licensing and risks
64/100SCORE · CMixed record
Grade C, fair
Froze withdrawals after FTX collapsed and eventually returned customer funds through administration. A clear example of why exposure to another venue is your risk too.
The facts
- FOUNDED
- 2017
- HEADQUARTERS
- Australia
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Established venue in Australia
- Local AUD deposit and withdrawal rails
✗ Weaknesses
- Australia focused, so limited use elsewhere
- Less independent scrutiny than the global majors
- Smaller asset list and thinner liquidity
Incident history
2022
Froze withdrawals after exposure to the FTX collapse, entered administration, and returned funds to customers through a restructuring that took a long time.
Our read
Froze withdrawals after FTX collapsed and eventually returned customer funds through administration. A clear example of why exposure to another venue is your risk too.
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.