Binibit

Launched on 15/11/2025, BiniBit is a centralized cryptocurrency exchange based in Panama City, Panama, operated by Binibit S.A. (Registro Mercantil: 155781130). The exchange currently supports 82 spot trading pairs, all quoted against USDT. BiniBit does not support fiat pairs, fiat deposits, fiat withdrawals, derivatives, futures, options, margin trading, lending, or OTC services. It is not currently licensed by a specific crypto-asset regulator; the operating entity is registered under Panamanian commercial law.

BiniBit charges a flat 0.10% maker and 0.10% taker fee across all spot pairs. Cryptocurrency deposits are free. Withdrawal fees are network-dependent and calculated per asset, with the current schedule published at https://binibit.com/fees.

The exchange sits at the center of a broader ecosystem built on BiniChain, a proprietary EVM-compatible Layer 1 blockchain where BINI functions as the native gas token. Around the spot exchange, the ecosystem includes BaiDEX (an on-chain decentralized exchange running on BiniChain), an agent-token launchpad, a peer-to-peer fiat-crypto module operating between users, and the BiniChain App — a Telegram mini application used as a user acquisition channel. BINI is an ERC-20 token deployed on Ethereum at 0x445d03f499f1c150615957bb87588fb465fc91cc, with a fixed total supply of 1,000,000,000 and no mint function. The token is tracked on CoinMarketCap, CoinGecko, CryptoRank, Arkham Intelligence, and DropStab. BINI trades on Binibit, Azbit, and Blynex.

BiniBit does not accept direct fiat deposits or withdrawals. Users convert between fiat and crypto through the separate peer-to-peer module, transacting directly with each other using local payment methods with built-in dispute resolution. The exchange does not custody fiat balances.

The technology stack is entirely proprietary. BiniChain is a Proof-of-Stake EVM Layer 1 operated on Geth and Lighthouse, with a public RPC at https://rpc.binibit.com and a public block explorer at https://scan.binibit.com. The BiniChain network hosts BaiDEX, the launchpad, the token bridges, and BINI as native gas.

Geographic focus is global, with primary user concentration in Eastern Europe and CIS, Latin America, and South-East Asia. Access is restricted from the United States, Iran, North Korea, Syria, Cuba, and other jurisdictions on the OFAC sanctions list. The exchange operates under standard Panamanian commercial law.

Public technical documentation covers exchange operations, BiniChain architecture, BaiDEX protocol, the Agent Hive coordination layer, the token launchpad, tokenomics, and the full API reference across roughly 80 pages at https://docs.binibit.com.