Quick overview
Birake Network debuted in December 2018 as a decentralized exchange network based in Estonia. It powers a shared order book across partner platforms, aiming to offer deep liquidity from day one. Yet today it shows almost no real-world trading or volume.
Core Concept
Birake is a white-label exchange engine: partners can launch their own branded platforms, sharing the same order database. It supports spot, perpetuals and futures markets in concept and runs on its native BIR token. On paper, this is a scalable model for rapid exchange deployment - but it's a model, not a marketplace.
Liquidity and Volume Reality
- Coin trackers mark Birake as untracked or inactive, with zero 24-hour volume
- Reports show daily volumes in the low hundreds of USD at best, often below $200
- Other estimates show real volume near zero, with low confidence scores
- Despite the ambitious infrastructure, on-chain data reveals a network with negligible activity
Features vs Functionality
- Supports spot, perpetual and futures markets, plus shared order-book setup
- Includes fiat gateway integrations via wire and card, with withdrawal options
- Claims secure wallets and low fees, but no proof of liquidity, true depth or real order matching
While the feature list is long, there's little usage to back any of it up.
Strengths and Limitations
What works in theory:
- White-label model enables turnkey exchanges for partners
- Central database could offer liquidity if adoption occurred
- Native BIR token supports staking and node deployment
What fails in practice:
- No visible volume or usable order book
- Zero proof of reserves or independent audit
- No mobile app and limited public trust
- Regulatory footprint and team transparency are unclear
Who It Serves
Birake currently benefits only:
- Tech operators seeking exchange infrastructure
- White-label partners testing deployment
- Developers exploring exchange-as-a-service models
It does not serve retail traders, liquidity seekers or anyone needing real transaction throughput.
Metrics at a Glance
- Launch Year: 2018
- Active Volume: ≤ $200/day (often zero)
- Trading Pairs: Vague - around 39 across partner sites
- Shared Order-Book Status: Live in infrastructure, not activity
- Proof of Reserves/Audit: None
- App Support: No mobile apps
- White-label Clients: A few without visible adoption
Final Verdict
Birake Network is not an exchange - it’s an exchange engine that never gained traction. The shared order-book concept is compelling, but without users or real activity, it remains a technological ghost. For partners building exchanges, it could serve as a backend. For traders or liquidity providers, it presents no utility or viability.
If you're evaluating exchange platforms, view Birake as infrastructure - not a marketplace. For live trading or yield opportunities, look to active, transparent and regulated alternatives.