Here’s how to take part in BloFin’s Halloween Trade-or-Treat 🎃
Register for the campaign, unlock your Lucky Wheel spins, and use them for a chance to claim rewards from the 100,000 USDT prize pool.
Start spinning: https://t.co/DQ1tM7cUI5 https://t.co/LxY9z9db45
BloFin
Centralized crypto exchange with perpetual futures, copy trading, and 0.02% maker fees
3.5/ 5
Our score
Good
Maker fee
0.1%
Taker fee
0.1%
Accepts US customers
No
What is BloFin?
BloFin is a centralized cryptocurrency exchange providing spot markets, USDT-margined perpetual futures, copy trading, and automated bots. The platform is backed by institutional venture funding and provides advanced derivatives execution tools such as multi-position mode and trailing stop algorithmic orders.
Company and background
BloFin is headquartered in the Cayman Islands and was founded by Matt Hu, who serves as CEO. Hu previously founded the crypto data and rating firm TokenInsight and worked at venture firm WestSummit Capital. In March 2022, BloFin secured a $50 million Series B funding round led by KuCoin and SIG Asia Investments, with participation from Matrix Partners China.
Trading mechanics and features
The exchange operates a custodial architecture with integrated spot, futures, and copy trading accounts. Traders can access the platform through web interfaces or programmatic REST and WebSocket APIs. In perpetual futures, BloFin supports cross and isolated margin modes. Under hedge mode, users can activate a multi-position configuration. This allows traders to hold up to 10 independent positions per instrument, each with separate position IDs, margins, and leverage settings. Algorithmic execution includes trailing stop orders, grid trading bots, and signal bots that connect directly to TradingView strategies.
Fee structure
Base VIP 0 trading fees for perpetual futures are 0.02% for makers and 0.06% for takers. Spot trading fees start at a flat 0.10% for both makers and takers. Crypto deposits carry no exchange fees, while withdrawal costs depend on the selected cryptocurrency and network gas conditions.
Regulatory status and risks
BloFin holds a Money Services Business registration with the US Financial Crimes Enforcement Network (FinCEN) and maintains a Cayman Islands CIMA-compliant fund license. Holding assets on BloFin introduces centralized custody risk and leverage risk on derivatives contracts. Account availability is subject to regional compliance restrictions.
Founders
Matt HuCEO and Founder
Founder of TokenInsight and previously worked at WestSummit Capital.
Best for:Cryptocurrency derivatives tradersAPI and algorithmic bot developersFutures copy trading followers
Pros and cons
Pros
- Competitive base futures fees of 0.02% maker and 0.06% taker
- Independent multi-position mode allows up to 10 distinct positions per contract
- Backed by a $50 million Series B round involving KuCoin, SIG Asia Investments, and Matrix Partners China
- Dedicated demo trading APIs for automated algorithmic strategy testing
Cons
- Centralized custody exposes user deposits to platform counterparty risk
- Subject to jurisdiction limits and region-based access restrictions
- Withdrawal fees vary by asset and blockchain network
Our review
3.5/5
Good
BloFin provides deep perpetual futures functionality and integrated copy trading, but holding funds on an offshore exchange brings counterparty custody risks.
BloFin is a centralized cryptocurrency exchange registered in the Cayman Islands that focuses primarily on derivatives trading, copy trading, and programmatic execution. Founded by Matt Hu, former founder of TokenInsight, the exchange raised a $50 million Series B funding round in March 2022 from backers including KuCoin, SIG Asia Investments, and Matrix Partners China.
The trading platform is built around USDT-margined perpetual contracts alongside spot markets. Base perpetual futures fees are 0.02% maker and 0.06% taker; spot trading fees are 0.10% for both makers and takers. The technical setup supports REST and WebSocket APIs, demo trading environments, trailing stop algo orders, and a multi-position mode under hedge settings that allows up to 10 independent positions per contract with isolated leverage settings.
Beyond manual trading, BloFin provides automated tools including a built-in copy trading network, grid trading bots, and signal bots that trigger futures execution directly from TradingView alerts. Flexible savings options are accessible via BloFin Earn. The platform maintains a US FinCEN Money Services Business registration alongside its Cayman Islands corporate base.
Storing assets on the platform requires trusting BloFin's custody rather than holding private keys in self-custody. High-leverage derivatives trading also carries liquidation risks during volatile market conditions.
Specs
| Markets | Spot, Futures, Copy trading · unverified |
|---|---|
| Maker fee | 0.1% · unverified |
| Taker fee | 0.1% · unverified |
| Accepts US customers | No · unverified |
| Staking / earn | Yes · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | US FinCEN MSB, Cayman Islands CIMA · unverified |
| Futures & perpetuals | Yes · unverified |
| Copy trading | Yes · unverified |
| Earn / savings products | Yes · unverified |
| Referral program | Yes · unverified |
Not disclosed by the provider: Coins listed, Fiat deposit methods, KYC required, Proof of reserves, Security features, Max leverage (x), P2P market, User protection fund.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Perpetual futures trading
Supports USDT-margined perpetual contracts with cross margin, isolated margin, and trailing stop algorithmic orders.
Multi-position hedge mode
Lets traders open up to 10 distinct positions per instrument, each maintaining independent margin, leverage, and stop levels.
Spot exchange
Provides direct crypto spot trading pairs accessible through web interfaces, mobile apps, and REST or WebSocket endpoints.
Copy trading platform
Enables followers to automatically replicate futures and spot strategies executed by experienced lead traders.
Signal and grid bots
Connects TradingView webhook signals to automated futures order execution alongside automated futures grid bots.
Demo trading environment
Supplies dedicated simulated REST and WebSocket endpoints for testing algorithmic trading scripts without financial risk.
Inside BloFin
Futures Trading
Supports USDT-margined perpetual contracts with cross and isolated margin, multi-position hedging, and trailing stop algorithm orders.
Spot Trading
Provides direct crypto spot trading pairs with standard 0.10% maker and taker fees.
Copy Trading
Allows users to browse public leaderboards and automatically mirror the futures positions of selected lead traders.
BloFin Earn
Offers Earn products on selected crypto assets.
Trading APIs & Demo Trading
Supplies REST and WebSocket interfaces alongside a dedicated sandbox environment for paper trading and automated bot strategies.
BloFin screenshots
What users say about BloFin
User sentiment is heavily weighed down by sudden withdrawal blocks, unexpected account freezes, and sudden KYC demands on what is marketed as a non-KYC exchange. Positive feedback comes primarily from users seeking no-KYC margin and perpetual futures trading.
In their own words
“Trading on BloFin (No-KYC)? Make sure you're claiming your 20% fee rebate. If you are executing short-term scalping strategies, standard maker and taker fees will quietly drain your PNL.”
“Cant withdraw please help‼️ [removed]”
“They just keep progresively asking for more information about a situation I kept explaining to them. I have deposited money from various wallets I created coins on. I get the creator fees from the created coin then I send it to blofin.”
“i have frozen usdt i was trading with 1 hour ago... wtf is wrong w this site”
Scam warning: Fraudulent clone websites such as Blofinext.com impersonate Blofin to steal user funds.
Based on 200 Reddit posts and comments from the last 12 months, checked Oct 21, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used BloFin? Share your experience below.
Funding and investors
$150MTotal raised
1Round
3Investors
-
Series B Mar 2022 $50M
FAQ
Who founded BloFin?
BloFin was founded by CEO Matt Hu, who previously founded the analytics firm TokenInsight and worked at WestSummit Capital.
What are BloFin's trading fees?
Standard VIP 0 trading fees are 0.02% maker and 0.06% taker for perpetual futures, and 0.10% maker and 0.10% taker for spot markets. Crypto deposits carry no exchange fee.
Is BloFin regulated?
BloFin is registered in the Cayman Islands and holds a Money Services Business registration with the United States Financial Crimes Enforcement Network (FinCEN).
Does BloFin offer copy trading?
Yes, BloFin provides a built-in copy trading system allowing followers to replicate futures strategies executed by lead traders automatically.
What is BloFin Multi-Position mode?
Multi-Position mode lets traders open up to 10 independent positions per instrument under hedge mode, with separate position IDs, leverage levels, and take-profit or stop-loss orders.
Latest from BloFin on X
BloFin Futures will list the $AMGN-USDT Perpetual Contract 🔥
Trade and take advantage of:
✅ 0% Maker Fees
✅ 50% off Taker Fees
Details: https://t.co/BpbWQPuAvF https://t.co/hEZxNBufXz
Trade and take advantage of:
✅ 0% Maker Fees
✅ 50% off Taker Fees
Details: https://t.co/BpbWQPuAvF https://t.co/hEZxNBufXz
Getting Started with Fiat Balance on BloFin?
Deposit fiat into your account and use your balance to buy crypto when you’re ready.
Follow our guide👇 https://t.co/7ABfsDXy9D
Deposit fiat into your account and use your balance to buy crypto when you’re ready.
Follow our guide👇 https://t.co/7ABfsDXy9D
BloFin Futures has updated the leverage and margin tiers for the following perpetual contracts.
Details: https://t.co/3tZpIZ0ijO https://t.co/6CaBnHpuF9
Details: https://t.co/3tZpIZ0ijO https://t.co/6CaBnHpuF9
BloFin Spot will list HISS @HISSRH 🐍
Deposits: Opened
Spot trading: 10:00 UTC on November 3
Withdrawals: 10:00 UTC on November 4
👉 https://t.co/qbkNVB3B4C https://t.co/bxj4XhcfG8
Deposits: Opened
Spot trading: 10:00 UTC on November 3
Withdrawals: 10:00 UTC on November 4
👉 https://t.co/qbkNVB3B4C https://t.co/bxj4XhcfG8
Recent public posts from @Blofin_Official, shown as published. Not reviewed or endorsed by CryptoReview.
Alternatives to BloFin
Institutional liquidity and turnkey trading infrastructure supporting over 1,500 instruments
KYC requiredSpot · Margin +2Futures & perpetualsBank transfer · Card
Regulated U.S. crypto exchange with 0% spot maker fees and over 200 listed assets
KYC requiredSpot · OTCAccepts US customersProof of reserves
Non-custodial swap aggregator offering wallet-to-wallet trading across 2,800+ cryptocurrencies
No KYCSpot2,800 coins listedCard
Regulated Canadian crypto marketplace acquired by Robinhood with Interac e-Transfer funding
KYC requiredSpot · OTCStaking / earn45 coins listed
European multi-asset broker offering 650+ cryptocurrencies, stocks, and precious metals under MiCAR rules
KYC requiredSpot · MarginStaking / earn650 coins listed
European crypto exchange with 453 assets, MiCA authorization and fees from 0.00%
Spot · MarginStaking / earnMaker fee 0.2%