What is LATOKEN
LATOKEN launched in 2017 as a centralized crypto exchange from the Cayman Islands/Estonia aiming to connect investors with startups via IEOs. It lists over 350 coins across multiple markets including spot, margin, and futures.
Volume and Liquidity
LATOKEN handles substantial volume, recording over $175 million 24-hour trading volume (about 1,485 BTC), placing it in the mid-tier of global exchanges with roughly 650–700 spot pairs.
Major pairs include BTC/USDT with over $68 million and ETH/USDT around $67 million in daily volume.
Fees and Features
Spot fees range from 0 percent up to 0.49 percent for takers/makers depending on tier. The platform supports margin trading, IEO launchpad, a staking program, and web/mobile apps. Fiat onboarding and credit card purchases are also available.
Security and Transparency
LATOKEN claims 99.5 percent of funds in cold storage, 2FA, and DDoS protection. However, external auditor ratings give it a low DD security score (26 percent) with no ongoing bug bounty or proof of reserves.
No major hack has been reported, but a 2022 Twitter compromise by an insider raised reputational concerns.
Reputation and Support
User reviews are mixed. Trustpilot rating is about 3.2/5 from 1,300+ reviews, with common complaints about slow withdrawals and unhelpful support. Others highlight functional UI, dark mode, referral bonuses, and diverse assets, rating it around 8/10 overall.
Token - LA
The native LA token is used for listing fees, fee discounts, and tokenization utility. It trades around $0.016–0.019, with market cap under $1 million and 24 h volume below $100k - signaling a dormant asset despite historical spikes in late 2017.
Pros and Cons
- Pros:
- High altcoin variety and multiple trading features
- IEO launchpad and tokenization services
- Real mid-tier volume and liquidity on major pairs
- Fiat onboarding with credit card support
- Robust UI with mobile/web applications
- Cons:
- Security rating low and transparency limited
- Mixed customer support and withdrawal complaints
- LA token lacks current activity and liquidity
- Regulatory status unclear, especially beyond Estonia/Cayman
- No formal proof of reserves or continuous bug bounty
Who it’s for
LATOKEN suits traders chasing new or niche projects via IEOs, altcoin variety, or leverage options. It fits mid-tier crypto users comfortable with some security and transparency trade-offs.
It’s less ideal for risk-averse users prioritizing institutional-grade security or those outside key operating zones.
Final verdict
LATOKEN is a powerful, ambitious exchange with deep altcoin pools and multiple advanced features. But it’s offset by low external security scores, user concerns, and opaqueness around reserves and legal oversight.
If you want access to new tokens, staking options, and margin features - and are okay with some trade-offs - it’s a viable mid-tier choice. For ultimate peace of mind, higher-security platforms may be more suitable.