Ourbit exchange profile

Profile of Ourbit: exchange information, markets and recorded details on GradeMarket.

Ourbit is a centralized cryptocurrency exchange (CEX) registered in the British Virgin Islands (BVI). The platform was reportedly founded by a team of former employees from a major Asian cryptocurrency exchange. However, sources disagree on its exact founding date, citing years ranging from 2017 to 2023, while its public launch is generally attributed to the 2020–2023 period.

Ourbit brands itself as a "SuperCEX", focusing heavily on meme coins and other highly volatile tokens under the slogan "Trade Everything." Its standout feature is permanent zero-fee spot trading.

Key Statistics

• 24-hour spot trading volume: Approximately $1–2 billion
• 24-hour futures trading volume: Several billion dollars
• Supported cryptocurrencies: More than 800
• Trading pairs: Approximately 1,000–1,300
• Global ranking: Generally ranked between the 15th and 30th largest exchanges worldwide by trading volume

Exchange Type

Ourbit is a Centralized Exchange (CEX) offering:

• Spot trading
• Futures trading (with leverage up to 200x)
• Integrated DEX services
• Copy Trading
• Staking

Why Doesn't Anyone Know Who Founded Ourbit?

Unlike most major cryptocurrency exchanges that publicly identify their founders and executive team, Ourbit has never disclosed the identities of its CEO or founders. Instead, it simply states that its team consists of former members of a leading cryptocurrency exchange.

This lack of transparency—combined with the platform's strong emphasis on highly speculative meme coins such as SPX6900 and similar novelty tokens—has led some independent security analysts to describe the exchange as opaque.

On the other hand, Ourbit's rapid growth in trading volume and its 8/10 Trust Score on CoinGecko suggest that this lack of corporate transparency has not prevented it from attracting a substantial user base.

Fees

One of Ourbit's most attractive features is its permanent zero-fee spot trading, available without any special conditions.

Other fees include:

• Spot Trading: 0%
• Futures Trading:Maker: 0.02%
• Taker: 0.04%
• Crypto deposits: Free
• Withdrawals: Fees vary depending on the cryptocurrency and blockchain network.

Security and Trust

To date, no major security breach resulting in the loss of customer assets has been publicly reported.

According to the exchange, it implements several security measures, including:

• Cold wallet storage
• Two-Factor Authentication (2FA)
• Anti-phishing codes
• Proof of Reserves (PoR)

Ourbit also claims to work with well-known blockchain security firms including Hacken and SlowMist.

KYC verification is not mandatory for basic platform usage, and users may withdraw up to a specified daily limit without completing identity verification.

One notable drawback is the relatively limited amount of independent user feedback available on major review platforms. Additionally, several independent security assessments have highlighted the exchange's lack of corporate transparency as a concern.

Licenses and Regulation

Ourbit is incorporated in the British Virgin Islands (BVI).

According to reports citing a regulatory information database, the exchange also holds:

• A Money Services Business (MSB) registration with FinCEN in the United States
• A registration with the Monetary Authority of Singapore (MAS)

However, the same source explicitly notes that Ourbit's actual business activities extend beyond the scope of these registrations and advises users to exercise caution.

It is important to understand that MSB registration or corporate registration associated with MAS does not constitute a full cryptocurrency exchange license or active regulatory supervision. Rather, these registrations primarily serve as minimum compliance measures for anti-money laundering (AML) purposes.

A direct search of Ourbit's official website did not reveal a dedicated License or Proof of License page.

Furthermore, several independent sources confirm that Ourbit does not currently hold licenses from major financial regulators such as the UK Financial Conduct Authority (FCA), a full MAS digital asset license, or the U.S. Commodity Futures Trading Commission (CFTC).

Overall, Ourbit's regulatory status is best described as registration-based with limited regulatory oversight, rather than being subject to comprehensive supervision by top-tier financial authorities.

Deposits and Withdrawals

Ourbit does not support direct fiat deposits.

Users must first purchase cryptocurrencies—typically USDT or Bitcoin—through another exchange or personal wallet before transferring them to Ourbit. The TRC20 network is commonly used because of its relatively low transaction costs.

Unverified users can reportedly withdraw up to a specified daily limit, with various sources citing limits of up to 30 BTC per day.

Popular Trading Pairs

• BTC/USDT
• ETH/USDT
• SOL/USDT
• Popular meme coins such as SPX6900

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Pros and Cons

Pros

• Permanent zero-fee spot trading
• Relatively strong 8/10 Trust Score on CoinGecko
• Full Persian-language support
• Trading without mandatory KYC
• Wide selection of meme coins and newly listed tokens

Cons

• Limited transparency regarding the founders and management team
• No licenses from top-tier financial regulators
• No direct fiat deposit support
• Relatively short operating history and limited publicly available corporate information compared to larger exchanges
• high fees in futers

Final Rating

6.2/10

Ourbit's strongest advantages are its zero-fee spot trading and rapid listing of new and trending tokens. However, the lack of transparency surrounding its leadership, limited regulatory oversight, and relatively short track record keep its overall rating in the mid-range.

Conclusion

Ourbit is an attractive choice for experienced traders seeking meme coins, newly listed assets, and zero-fee spot trading. However, users who prioritize corporate transparency, strong regulatory oversight, and long-established operational history may find more suitable alternatives elsewhere.