Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
D D Regional Crypto Exchanges

Zipmex

Zipmex

Zipmex Pte Ltd

Status
Private company
Legal HQ
Singapore
Founded
2019
Corporate site
zipmex.com

Main investors / shareholders

  • Krungsri Finnovate (Bank of Ayudhya) · Other
    n/d
  • B Capital · Other
    n/d
  • TNB Aura · Other
    n/d
  • V Ventures · Other
    n/d
  • Jump Capital · Other
    n/d
  • MindWorks Capital · Other
    n/d
  • Plan B Media Public Company Limited · Other
    n/d
  • Master Ad Public Company Limited · Other
    n/d

Zipmex Pte Ltd (Singapore) operated the eponymous custodial exchange across Southeast Asia (Singapore, Thailand, Indonesia, Australia). In July 2022 it froze withdrawals due to exposure to the failed lenders Babel Finance (~USD 48M) and Celsius (~USD 5M). Never publicly listed. After restructuring and a USD 100M rescue deal collapsed, Thailand's SEC ordered a suspension of operations in February 2024 and on 26 February 2024 the Singapore High Court ordered the company wound up (liquidator Wong Pheng Cheong Martin). The company has effectively collapsed/shut down.
1.5/5 1.0/5 · Data verified on

Zipmex was a custodial exchange with licences across several jurisdictions and a limited range of spot assets. Following its 2022 collapse, funds were locked and the platform is no longer operational for new users, remaining under restructuring with withdrawals frozen.

17
Transparency: Very low
17/100 · see methodology
17
Data exposure: Minimal
17/100 · lower is better for sovereignty · methodology

Data & conditions

Maker / Taker fee 0.2% / 0.2%
Markets Spot
Max leverage 1×
Supported assets 5+
Trading pairs 5+
24h volume $0
Fiat on-ramp Yes
Fund custody Custodial (platform holds funds)
KYC Full
Supported countries APAC · 4+ countries
Regulator MAS, SEC Thailand, Bappebti, AUSTRAC
OAM Italy registration No
Segment B2C
MiCA / License status MPI / DCEP / VASP N/D

Strengths

  • N/D
  • No notable sovereignty advantage documented.

Weaknesses

  • ⚠️ Fallito 2022; funds locked; not operating for new users.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (N/D): reporting to authorities and freezes on order.

Verdict

D D ★ 1.5/5 ★ 1.0/5

Zipmex was a custodial exchange with licences across several jurisdictions and a limited range of spot assets. Following its 2022 collapse, funds were locked and the platform is no longer operational for new users, remaining under restructuring with withdrawals frozen.

Privacy & anonymity 30% 0.8
Fund control 20% 0.0
Censorship resistance 20% 1.5
Costs 10% 3.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

What are Zipmex's fees?

Zipmex's spot fees vary by tier; check the official fee schedule.

Is Zipmex regulated in Europe?

Regulatory status of Zipmex: N/D.

Does Zipmex publish Proof of Reserves?

Proof of Reserves publication is not documented for Zipmex. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.

Can I send transfers to third-party IBANs from Zipmex?

No, Zipmex is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.

Does Zipmex support derivatives and futures?

Zipmex does not offer derivatives: it focuses on spot trading.

Sources

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Update history

✓ Terms unchanged since Jun 1, 2026

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