Quick overview
BitMake was founded in Dubai in 2020 with high hopes — promising a unified trading account, spot and futures markets, lending, and regulatory licenses. But today, it’s largely inactive.
Where things stand now
- Listed as "untracked" on aggregators — meaning trading is minimal or zero.
- Reported reserves around $22M (~200 BTC) in cold wallets.
- No active markets for spot or futures; the platform is essentially empty.
What it promised
- Unified Trading Account (UTA) for using multiple assets across spot, futures, lending.
- Spot, perpetual futures, and lending all on one dashboard.
- MSB licenses in Canada & the US, with pro tools like APIs and multi-accounts.
Fees and liquidity
BitMake advertised ~0.1% maker/taker fees. But with no active volume, these are only theoretical — there’s no real liquidity to test or compare.
Security and compliance
- Holds MSB licenses, claims proprietary security tech.
- Most assets are reportedly held in cold storage.
- But without trading activity, infrastructure and licenses mean little for practical use.
Platform usability
The site still loads, registration works, KYC exists — yet the markets show nothing. It feels like a working shell with no heartbeat underneath.
Pros and cons
- Pros: Regulatory licenses, cold storage, ambitious unified account model.
- Cons: No liquidity, no live trading, all products theoretical, minimal community trust.
Who might look at it
- Researchers curious about unified collateral models.
- Developers poking at dormant platforms for backend ideas.
- Anyone checking out what a "licensed but inactive" exchange feels like.
Verdict
BitMake once offered a sleek promise: regulated, with unified collateral across markets. But without users or trades, it’s just a front window. Maybe it returns — but for now, it’s a crypto ghost.