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ProBit Global
Centralized crypto exchange launched in 2018 with 500+ listed assets, permanently closed in April 2026
1.0/ 5
Our score
Weak
Maker fee
0.2%
Taker fee
0.2%
Coins listed
500
KYC required
No
Accepts US customers
Yes
Proof of reserves
No
What is ProBit Global?
ProBit Global was a centralized cryptocurrency exchange operating from 2018 through 2026, offering spot trading across more than 500 digital assets and 660 trading pairs. All services, websites, mobile applications, and customer support channels were permanently closed effective April 1, 2026 following an orderly wind-down.
Founders and background
The exchange was founded in 2018 by Hyunsu Do and Steve Woo. Hyunsu Do served as chief executive officer until stepping down in March 2024 and studied at Seoul National University and the NYU Stern School of Business. Steve Woo served as chief technology officer, bringing more than twenty years of software industry experience. The exchange was affiliated with South Korean trading service ProBit Korea.
Platform mechanics and features
ProBit Global functioned as a custodial order-book exchange. It maintained its own platform utility asset, the PROB token, which provided fee discounts and transaction rebates. The exchange also offered staking services for passive yield alongside spot order-book trading. Over 95% of user funds were held in offline cold storage wallets, and accounts could be secured using multi-factor authentication and U2F hardware keys.
Fee structure and usage terms
Standard spot trades incurred a flat maker and taker fee of 0.20%, which could be reduced down to 0% through PROB token holdings. Bitcoin withdrawals cost a flat fee of 0.0005 BTC. For basic trading access, the platform did not mandate identity verification, permitting basic unverified accounts. Following the shutdown notice, remaining unwithdrawn account balances faced an administrative fee equal to the greater of 10% or 30 USDT per month starting March 1, 2026.
Wind-down and service closure
Citing shifts in regulatory environments, the exchange initiated a phased shutdown at the end of 2025. Services across the EU and EEA were stopped on December 30, 2025. Spot trading across all pairs ceased on January 28, 2026, followed by the termination of standard trade history access on February 26, 2026. The withdrawal grace period ended on March 31, 2026, with the website, API endpoints, and support desks shutting down on April 1, 2026. ProBit Global operated without third-party proof of reserves or an independent user protection fund.
Founders
Hyunsu DoCo-founder & former CEO
Studied at Seoul National University and NYU Stern School of Business, with a background in engineering and finance.
Steve WooCo-founder & CTO
Software engineer with more than two decades of industry experience.
Best for:Historical crypto market researchTracking exchange shutdown timelines
Pros and cons
Pros
- Supported over 500 crypto assets and 660 spot trading pairs
- Standard BTC withdrawal fee of 0.0005 BTC was below historical industry averages
- Supported physical U2F hardware security keys for account protection
- Base spot trading fee could be lowered from 0.20% to zero via PROB
Cons
- Permanently terminated all operations, apps, and withdrawals on April 1, 2026
- Unclaimed assets after March 31, 2026 were administratively processed and made non-retrievable
- Maintained no proof of reserves and no insurance fund for customer balances
- Imposed a post-termination administrative fee of 10% or 30 USDT monthly
- Encountered phishing and impersonation scams using its name
Our review
1.0/5
Weak
ProBit Global offered a broad selection of over 500 spot tokens, but the exchange permanently terminated all operations and withdrawals in April 2026.
ProBit Global was a centralized cryptocurrency exchange established in 2018 by Hyunsu Do and Steve Woo. During its active years, the exchange supported spot trading across more than 500 digital assets and 660 trading pairs, alongside platform staking and a native utility token named PROB. The platform operated without mandatory identity verification for basic tier access and secured user balances primarily in cold storage, which covered over 95% of customer deposits.
Trading fees were structured around a flat 0.20% maker and taker rate, with fee discounts down to 0% available for holders of the PROB token. Bitcoin withdrawals carried a fixed fee of 0.0005 BTC. Despite its wide asset coverage, ProBit Global operated without public proof of reserves or an independent user protection fund, creating custodial counterparty risk for depositors.
Following heightened regulatory changes, ProBit Global initiated a phased wind-down at the close of 2025. Services across the EU and EEA were curtailed first, followed by the cancellation of all open orders and the delisting of all spot trading pairs on January 28, 2026. Standard withdrawal access ended on February 26, 2026, alongside an account maintenance fee on lingering assets of either 30 USDT or 10% per month. Effective April 1, 2026, ProBit Global officially ceased all operations, closing the website, API, and customer support.
Because the exchange is completely offline and administrative asset settlements have closed, traders cannot trade or recover balances through the service.
Specs
| Markets | Spot · unverified |
|---|---|
| Maker fee | 0.2% · unverified |
| Taker fee | 0.2% · unverified |
| Coins listed | 500 · unverified |
| KYC required ⓘ | No · unverified |
| Accepts US customers | Yes · unverified |
| Proof of reserves | No · unverified |
| Staking / earn | Yes · unverified |
| Mobile app | Yes · unverified |
| Security features | 2FA, U2F hardware keys, Cold storage · unverified |
| Futures & perpetuals | No · unverified |
| Copy trading | No · unverified |
| P2P market | No · unverified |
| Earn / savings products | Yes · unverified |
| User protection fund | No · unverified |
| Referral program | Yes · unverified |
Not disclosed by the provider: Fiat deposit methods, Licenses & registrations, Max leverage (x).
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Spot market access
Supported trading across more than 500 cryptocurrencies and 660 pairs with order-book execution before trading halted in January 2026.
PROB utility discounts
Provided spot trading fee reductions from the base 0.20% rate down to 0% for users holding PROB tokens.
Hardware key security
Supported account security through multi-factor authentication and physical U2F security keys.
Digital asset staking
Offered staking services for select digital assets deposited on the exchange.
Cold storage custody
Stored more than 95% of customer digital assets in offline cold storage wallets.
Inside ProBit Global
Spot Trading Exchange
An order-book exchange system that supported over 500 cryptocurrencies and 660 pairs prior to its full delisting in January 2026.
PROB Token
The platform utility asset that offered trading fee discounts and transaction rebates.
Staking Services
A staking service offering passive yield opportunities for supported digital assets.
ProBit Global screenshots
User reviews
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FAQ
Who founded ProBit Global?
ProBit Global was founded in 2018 by Hyunsu Do and Steve Woo. Hyunsu Do departed the company in March 2024, while Steve Woo served as Chief Technology Officer.
Is ProBit Global still operational?
No, ProBit Global permanently terminated all services and operations on April 1, 2026. Trading pairs were delisted earlier in January 2026, and all customer support channels are closed.
What were the trading fees on ProBit Global?
ProBit Global charged a flat trading fee of 0.20% for both makers and takers. Users who held the native PROB token qualified for lower tiered rates.
Did ProBit Global require KYC?
ProBit Global did not require mandatory KYC verification for its baseline service tiers.
Does ProBit Global have a native token?
ProBit Global introduced the PROB token, which was used for trading fee rebates.
Can remaining funds still be withdrawn from ProBit Global?
No, the withdrawal grace period concluded on March 31, 2026. All remaining account balances were administratively processed and closed, leaving assets inaccessible.
Latest from ProBit Global on X
Recent public posts from @ProBit_Exchange, shown as published. Not reviewed or endorsed by CryptoReview.
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