FINTRACActive
Canada Crypto Asset Exchange Registration (MSB)
HiBT
Regulated in Canada
Crypto Asset Exchange Registration (MSB)
Global Business
Basic Information
Country/RegionCanada
Exchange AbbreviationHiBT
Company NameKAIXUAN NETWORK CO., LTD
Operating Period2-5 years
Websitehttps://hibt.com/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- M22503476
- Regulatory Jurisdiction
- Canada
- Licensed Entity
- KAIXUAN NETWORK CO., LTD
- Effective Date
- 2022-01-04
- Sharing Status
- No
Exchanges with 24H trading volume exceeding 83.38%
49 /100
$1,080,000,000
12.20% | Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
 | BTC/USDT | $78,986.73 | 2.13% | $463,662,316.44 | $120.02M/$25.58M | 1,035 |
| USDC/USDT | $1.00 | 0.02% | $320,993,604.99 | $6.61M/$4.79M | 733 |
| ETH/USDT | $2,477.05 | 1.22% | $206,952,621.19 | $50.83M/$6.30M | 927 |
| XRP/USDT | $1.48 | 1.82% | $80,677,376.67 | $15.51M/$4.85M | 766 |
| SOL/USDT | $96.27 | 1.07% | $39,847,664.42 | $14.38M/$4.22M | 737 |
| DOGE/USDT | $0.0895299 | 3.68% | $32,090,610.79 | $5.39M/$3.80M | 680 |
| PYTH/USDT | $0.04930545 | 6.66% | $25,851,342.05 | $76.53K/$55.72K | 441 |
| ZEC/USDT | $815.82 | 6.59% | $24,514,726.93 | $4.99M/$1.43M | 731 |
| HYPE/USDT | $77.33 | 4.32% | $23,313,744.28 | $8.10M/$2.75M | 707 |
| BNB/USDT | $704.17 | 0.69% | $22,174,563.16 | $13.71M/$2.93M | 716 |
Exchange Overview
Exchange Overview
What is HIBT?
HIBT is a digital asset trading service platform registered in Canada in 2021. With a team of 200+ seasoned professionals in the field of digital assets and a deep understanding of core financial technologies, HIBT offers trading and investment services to over 3 million users worldwide. The platform supports both spot and derivative trading services, dedicated to discovering the brightest crypto gems for investors.
As a trustworthy company, HIBT sincerely serves a vast community of crypto asset investors. Committed to providing the most convenient, secure, and reliable services, HIBT aims to be the preferred platform for crypto asset investors.
What Fiat Currencies Does HIBT Support?
Currently, HIBT supports Chinese Yuan (CNY) support United States Dollar (USD), Hong Kong Dollar (HKD), Thai Baht (THB), and Japanese Yen (JPY).
How is the Security Performance of HIBT?
HIBT ensures bank-level security protection for user assets, with 90% of user funds stored and controlled in multi-signature cold wallets. Additionally, HIBT employs leading software and hardware firewalls, intrusion detection systems (24/7), and conducts regular security audits and vulnerability scans. The risk control team operates 24/7 to guarantee the absolute security of user funds.
Where is the Headquarters of HIBT Located?
HIBT is headquartered in Dubai, with operation centers in Japan, South Korea, Singapore, and other locations.
What Licenses Does HIBT Hold?
HIBT holds regulatory licenses from Canada and the United States for MSB.
Does HIBT Support Leverage or Margin Trading?
HIBT supports up to 100x leverage in perpetual contract trading. Users can choose between full-margin and isolated-margin modes for contract trading. HIBT offers a variety of quantitative strategy tools (grid trading, martingale strategy, etc.) for users to configure and use with their trading parameters.
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WikiBit Exchange Exit Risk Rankings #40: XT.com — The “Social Exchange” with 12 Million Users, a CAD 2 Million Canadian Penalty, and Users Told to Pay “Tax” to Withdraw
Introduction: The Two Faces of an Exchange Awards Regular In our first 39 installments, we investigated a range of exchanges, from HashKey to Tokocrypto. For Episode 40, we turn to a platform with an impressive trophy cabinet and a growing list of legal and regulatory troubles: XT.com. XT.coms marketing credentials are certainly impressive. Founded in 2018, the exchange claims 12 million registered users worldwide, coverage across more than 200 countries and regions, support for over 1,300 tokens and 1,300+ trading pairs, and approximately $3.4 billion in daily trading volume. Headquartered in Dubai, it promotes itself as a socially integrated trading platform. In 2024, it received multiple industry awards, including recognition as a “Best Cryptocurrency Exchange.” It also regularly publishes Merkle tree proof-of-reserves reports, claiming reserve ratios of over 120% for BTC, ETH, and USDT. On paper, does this sound like the perfect image of a global social trading exchange？ But there is another side to the story. In 2023, Quebecs financial markets regulator, the Autorité des marchés financiers (AMF), ruled that XT.com had violated securities laws. In March 2025, the Ontario Securities Commission (OSC) followed up with a CAD 2 million administrative penalty and a comprehensive ban on XT.com conducting securities-related activities in Ontario. In 2026,
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WikiBit Exchange Exit Scam Risk Report #16 — Hibt: MSB “Sticker Compliance” + 3 Million Users, How Did a “Data Giant” Become a Withdrawal Black Hole?
Introduction: A “Split-Personality” Exchange With Impressive Data and Extremely Difficult Withdrawals In the previous 15 editions, we investigated a series of exchanges ranging from HashKey to OrangeX. For the 16th edition, we are looking at one of the most “split-personality” platforms in the crypto industry — Hibt. Its resume sounds almost like a crypto “humblebrag” masterpiece:“Registered in Canada in 2021”“Headquartered in Dubai, with operations across Japan, South Korea, and other regions”“Holding Canadian and U.S. MSB registrations”“470+ cryptocurrencies and 500+ trading pairs”“Ranked among the global top 50 exchanges on CoinMarketCap, with over $1 billion in 24-hour spot trading volume”“90% of assets stored in cold wallets”“200+ professional employees”“Serving more than 3 million users worldwide” At first glance, this sounds like a platform with the configuration of a top-10 global exchange. But on the other side:WikiBit rating: 6.06/10, labeled “No Effective Regulation”Trustpilot rating: 2.2/5, with users openly calling it a “SCAM”Some users report that withdrawal applications have remained under review for more than two months, with funds never returned So how did a “data giant” claiming billions in trading volume become a “withdrawal black hole” in users eyes？ Today, we break it down layer by layer.1. Regulatory Compliance: An MSB Is a “Sticker,” Not a Real License Hibts “Compliance Package”
