Bitbuy vs EDX Markets

How Bitbuy vs EDX Markets compare on our ratings, exchange specs, funding, pros and cons.

Bitbuy4.0/5
VS
Feature
Ratings
Our score4.0/53.1/5
User ratingNo reviews yetNo reviews yet
Fees3.53.0
Security & trust4.54.0
Asset selection3.52.5
Ease of use4.02.5
Support4.03.0
Specs
MarketsSpot, OTCSpot, Futures
Coins listed45Not disclosed
Fiat deposit methodsBank transferNot disclosed
KYC required Yes Yes
Accepts US customers No Yes
Staking / earn Yes No
Mobile app Yes No
Licenses & registrationsOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSBNot disclosed
Security featuresCold Storage, Custodial Insurance, CIPF ProtectionBankruptcy-remote accounts, Central clearinghouse, Third-party custodian integration
Futures & perpetuals No Yes
Max leverage (x)Not disclosed5
Copy trading No No
P2P market No No
Earn / savings products Yes No
User protection fund Yes Yes
Referral program Yes No
Company
Founded20162022
HeadquartersCanadaUnited States
InvestorsNot disclosedSBI Holdings
Strengths and weaknesses
Pros
  • Operates under CIRO member dealer status registered with the OSC and CSA
  • Cash balances covered up to $1M CAD per account by CIPF
  • Digital assets stored 1:1 in cold storage with insured custodians
  • Instant CAD deposits and withdrawals supported through Interac e-Transfer
  • Centrally cleared model eliminates direct counterparty credit risk between participants
  • Non-custodial architecture lets institutions use their choice of custodian
  • Bankruptcy-remote member accounts protect customer assets from venue insolvency
  • Backed by major traditional financial institutions and a $76M Series C round
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Restricted to institutional entities with no retail trading access
  • EDX Derivatives is unavailable to firms in the US, EU, UK, and Singapore
  • Derivatives leverage capped at 5x, lower than retail offshore venues
  • Requires comprehensive institutional onboarding and strict KYC verification
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsInstitutional digital asset trading firms, Banks and market makers, Brokers seeking white-label clearing infrastructure

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