DigiFinex

DigiFinex is a centralized cryptocurrency exchange founded in December 2017 and headquartered in Singapore, offering retail and institutional traders access to spot, margin, futures, and derivative markets across more than 700 digital assets including Solana (SOL) through a platform that serves over 6.4 million registered users in 150-plus countries. The exchange was co-founded by Jia Pu as Chief Product Officer and Kiana Shek as Chief Experience Officer. It is corporately registered in the Republic of Seychelles while maintaining primary operations out of Singapore, with regional offices across Asia and Europe. The platform underwent a rebranding in 2020 after reaching 4 million users and has since expanded its product suite to include spot trading, margin trading with up to 10x leverage, perpetual futures with up to 200x leverage, copy trading, staking and wealth management products, a token launchpad, leveraged ETFs, P2P trading, a prepaid debit card (DiCard), and an NFT marketplace. Spot trading covers over 900 active trading pairs in crypto-to-crypto markets with no direct fiat pairs. Fiat on-ramps are available via third-party processors at 2-10 percent fees. Base trading fees are 0.15 percent maker and 0.20 percent taker, with VIP tiers reducing fees to 0.00 percent for makers. DigiFinex issues its own native exchange token DigiFinex Token (DFT) providing fee discounts and launchpad access. Solana (SOL) is explicitly supported as one of the major actively traded assets alongside BTC, ETH, XRP, and ADA, making DigiFinex an accessible on-ramp and off-ramp for the Solana ecosystem across 180-plus countries. Security measures include cold and hot wallet management with multi-signature authorization, mandatory two-factor authentication (2FA) via email, SMS, and Google Authenticator, biometric authentication on mobile, withdrawal address whitelisting, anti-phishing codes, device monitoring, and Proof of Reserves (PoR) with Merkle tree-based audits claiming at least 100 percent reserve ratio for BTC, ETH, and USDT. The exchange reports no major successful security breaches since founding in 2017, though no customer deposit insurance fund exists and no public bug bounty program has been documented. DigiFinex maintains AML and KYC compliance with a designated Compliance Officer and annual AML audits, operating under ACRA standards in Singapore. Full identity verification is required for larger withdrawals and margin or futures trading. The exchange restricts access for users in the United States, Canada, and mainland China and does not hold Tier-1 regulatory licenses from the SEC, FCA, or MAS. Independent reviewers note that approximately 80 listed coins show zero or near-zero trading volume, indicating thinner liquidity on smaller altcoins relative to top-tier venues.