Launch and current status
FUBT launched in July 2017 as a Hong Kong-based CEX. Today, its trading volume is untracked and reserve data is unavailable, signaling that the platform is likely inactive. Aggregators show zero daily trading volume despite noting a historic list of 54 trading pairs.
Platform history and expansion
FUBT began as FUBT Station in July 2017 and expanded into Taiwan, Cambodia, Tokyo, Seoul, and New York. At its peak, the exchange claimed 650,000 users, more than 100 listed assets, and daily turnover of $400 million by mid-2018. None of these numbers are verifiable today, and the exchange has since slipped into obscurity.
Security and regulation
FUBT implemented KYC and standard protections like 2FA, DDoS defense, encrypted keys, and cold storage. However, the Hong Kong Securities and Futures Commission flagged it as suspicious, citing issues like a fake contact number, raising serious concerns about its legitimacy.
Fees, crypto support, and access
Archived data suggests FUBT charged flat fees of 0.20% per trade and a BTC withdrawal fee of 0.001 BTC. It reportedly supported over 200 cryptocurrencies, provided OTC services, and offered both desktop and mobile terminals. These features, however, are outdated and largely irrelevant given its current inactive state.
Strengths & weaknesses
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Final word
FUBT once positioned itself as a broad, ambitious crypto exchange, with global operations and innovative offerings like OTC desks and a wide token selection. Over time, it slipped into dormancy and faced regulatory scrutiny. With no current volume, transparency, or relevance, FUBT is best remembered as a relic of early CEX expansion - not as an active trading venue today.