Zipmex review: score, licensing and risks
39/100SCORE · DCaution
Grade D, caution
Froze withdrawals in 2022 after lending its customers' assets to firms that failed. Listed so anyone searching finds the outcome rather than an old review.
The facts
- FOUNDED
- 2018
- HEADQUARTERS
- Thailand
- 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
- None. Withdrawals were frozen and the business wound down.
✗ Weaknesses
- Froze customer withdrawals in 2022
- Customers faced long delays and losses
- No longer a functioning venue
Incident history
2022
Froze withdrawals after exposure to the Babel Finance and Celsius failures, entered restructuring, and customers faced very long delays and losses.
Our read
Froze withdrawals in 2022 after lending its customers' assets to firms that failed. Listed so anyone searching finds the outcome rather than an old review.
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.