Zipmex
Singapore-based digital asset exchange founded in 2018 serving retail and yield-seeking crypto users across Southeast Asia with spot trading, earn/yield products, and the ZEXO non-custodial perps DEX on Solana.
- Company typePrivate
- Founded2018
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2C
- OfferingSoftware
What Zipmex does
Zipmex is a Singapore-based digital asset exchange founded in 2018 that operates a self-serve, retail-focused crypto trading platform serving mass-market users across Southeast Asia, with offices in Singapore (headquarters), Thailand, Indonesia, and Australia and an active expansion into Vietnam. The platform enables users to buy, trade, and earn crypto with a no-jargon interface supported by an educational blog library and a 'White Glove Service' premium support tier. Its core product portfolio combines a centralized spot exchange (BTC, ETH, USDT, XRP, SOL and other assets) with a flexible-term Earn product advertising up to 12% APY broadly and headline rates up to 25% on ETH, 28% on BTC, and 35% on USDT, alongside the ZEXO non-custodial perps DEX on Solana offering up to 100x leverage with no KYC, plus prediction markets and the native $ZEXO token.
The business model is built on three revenue streams: trading fees on spot transactions, the spread between advertised Earn APYs and the underlying yield earned on deployed customer crypto (lending/market-making), and economics tied to ZEXO derivatives and the $ZEXO token ecosystem. Distribution is product-led and self-serve — users sign up directly at zipmex.com or connect a wallet to app.zexo.io — with regional operating offices supporting local fiat on-ramps, regulatory licensing, and institutional partnerships, notably Krungsri Finnovate (Bank of Ayudhya's CVC). The platform targets four overlapping customer segments: retail crypto traders and investors, Southeast Asia crypto users, yield-seeking crypto holders, and DeFi-native traders seeking non-custodial leveraged exposure.
Capital structure reflects an active venture-funded growth posture: a $3M pre-Series A (Infinity Blockchain Holdings, 2018), a $6M seed (Jump Capital, 2019), a $41M Series B (Krungsri Finnovate-led, August 2021) with B Capital, TNB Aura, and V Ventures, a $11M Series B extension (B Capital and TNB Aura, March 2022), and a strategic investment from Coinbase Global (June 2022) tied to a planned $40M Series B+ round at a $400M valuation. Specific revenue, ARR, and headcount totals are not disclosed; pricing beyond the publicly advertised Earn headline rates is not published.
Zipmex firmographics
Firmographics- Name
- Zipmex
- Legal name
- Zipmex
- Website
- https://zipmex.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Singapore-based digital asset exchange founded in 2018 serving retail and yield-seeking crypto users across Southeast Asia with spot trading, earn/yield products, and the ZEXO non-custodial perps DEX on Solana.
- Ownership category
- akta.pro rank
Zipmex industry classification
Industry- Product category
- Digital Asset Exchange
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Centralized Crypto Exchanges (CEX) (FSAPADAA)
Keywords
Where Zipmex is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices5 records
Markets served
Zipmex business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Trading Fees: Revenue generated from trading fees on spot transactions executed on the Zipmex exchange. The platform advertises "Low Fees" as a core value proposition, though specific rates are not publicly disclosed on the website.
- Earn / Yield Spread: Revenue generated from the spread between advertised APY rates (up to 25% on ETH, 28% on BTC, 35% on USDT) and underlying yields earned on customer crypto deposits placed into lending/market-making strategies.
- Derivatives Trading (ZEXO Perps): Fee revenue from perpetual futures trading on the ZEXO platform — though ZEXO markets itself as "No fees," revenue may be captured via spread, funding rates, or token economics rather than explicit trading commissions.
- Token / Ecosystem Economics: Potential revenue or value capture via the native $ZEXO token on Solana, including trading activity on the ZEXO token pair and ecosystem incentives.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Earn / Yield Products (publicly advertised headline rates) |
| Other | — | ZEXO Perps (no fees advertised) |
| Other | — | Spot trading fees (not publicly disclosed) |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Zipmex product offering
Product offeringCore offering
Zipmex operates a Singapore-based digital asset exchange that lets retail users buy, trade and earn cryptocurrencies (BTC, ETH, USDT, XRP, SOL and others) through a no-jargon self-serve interface with low fees and a "White Glove Service" support tier. Beyond the custodial spot exchange, the platform extends into a non-custodial Solana-based perps DEX (ZEXO) offering up to 100x leverage, prediction markets, and the native $ZEXO token, plus an Earn/yield product advertising up to 25% APY on ETH, 28% APY on BTC, and 35% APY on USDT.
Product overview
Zipmex operates a single core platform (the Zipmex digital assets exchange at zipmex.com) augmented by a suite of add-on modules under the ZEXO brand. The core exchange offers spot trading of Bitcoin, Ethereum, USDT, and other assets alongside an Earn product for crypto yield (advertised up to 12% APY, with headline rates up to 25% APY on ETH, 28% APY on BTC, and 35% APY on USDT). Built on top of this is the ZEXO non-custodial perps DEX on Solana (app.zexo.io), which bundles a Terminal for pro charts, a Perps product offering up to 100x leverage, and a Predict Market for yes/no event contracts, all accessed via wallet connect with no KYC, and centered on the $ZEXO token. Together the Zipmex exchange plus the ZEXO Terminal, ZEXO Perps, ZEXO Predict Market, and $ZEXO token form a hybrid centralized-exchange-plus-DeFi product portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- ZEXO: ZEXO is Zipmex's perps DEX product offering 100x leverage on Solana, with no KYC required. It includes a Terminal (pro charts), Perps (100x), and Predict Market, and is associated with the $ZEXO token.
Quantifiable outcome
- Earn up to 25% APY on ETH, 28% on BTC, 35% on USDT
- +2 more outcomes
Companies that use Zipmex
Customer profileSegments4 records
Ideal customer profiles3 records
Zipmex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Zipmex partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights6 records
Zipmex competitors and assessment
Company assessmentDirect peers
- Bitkub: Thailand's largest licensed domestic crypto exchange, operating spot trading and Thai-baht on-ramps. Direct regional peer in Zipmex's home Southeast Asia footprint with similar retail focus and local licensing.
- Indodax: Indonesia's largest domestic crypto exchange, serving retail Indonesian users with spot trading and IDR on-ramps. Direct peer in another of Zipmex's core licensed/pursuing-licensing markets.
- Coinhako: Singapore-headquartered crypto exchange focused on the Singapore and Southeast Asia retail market. Direct regional peer in Zipmex's home market with overlapping fiat on-ramp and regulatory positioning.
Broad incumbents
- Binance: The largest global crypto exchange by volume, operating across all of Zipmex's Southeast Asian markets. Broad incumbent competitor that compresses Zipmex's liquidity and fee economics but is increasingly constrained by regional regulators.
- Coinbase: The largest US-listed crypto exchange and Zipmex's strategic investor since 2022. Broad incumbent with overlap in institutional and retail crypto globally, and a potential acquirer/strategic partner for Zipmex.
- OKX: Top-tier global crypto exchange offering spot, derivatives, and yield products, with growing presence in Southeast Asia. Direct product overlap with Zipmex, particularly on the ZEXO perps and earn products.
- Crypto.com: Global crypto exchange and app with strong retail brand, card products, and earn features. Broad incumbent competing for the same mass-market Southeast Asian retail users that Zipmex targets.
- Bybit: Top global derivatives exchange that has expanded aggressively into spot and regional markets. Particularly relevant competitor to Zipmex's ZEXO 100x leverage perps product line.
Regional players
- Tokenize Xchange: Singapore-based digital asset exchange serving the Southeast Asian market with a focus on local fiat rails and tokenized assets. Regional peer with similar jurisdictional and customer-base overlap to Zipmex.
- Pintu: Indonesia-focused retail crypto exchange and app with strong IDR on-ramp integration. Regional peer operating in one of Zipmex's core licensed/pursuing-licensing markets with a similar beginner-friendly retail pitch.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Zipmex social profiles
Digital presenceZipmex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zipmex leadership team
Management profileNumber of profiles
Profiles6 records
Zipmex funding detail
Funding detailFunding overview
Funding rounds6 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zipmex M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zipmex
What does Zipmex do?
Zipmex operates a Singapore-based digital asset exchange that lets retail users buy, trade and earn cryptocurrencies (BTC, ETH, USDT, XRP, SOL and others) through a no-jargon self-serve interface with low fees and a "White Glove Service" support tier. Beyond the custodial spot exchange, the platform extends into a non-custodial Solana-based perps DEX (ZEXO) offering up to 100x leverage, prediction markets, and the native $ZEXO token, plus an Earn/yield product advertising up to 25% APY on ETH, 28% APY on BTC, and 35% APY on USDT.
Is Zipmex a public or private company?
Zipmex is a private company. It is classified as venture growth investor backed and is currently operating.
When was Zipmex founded?
Zipmex was founded in 2018. It employs 101 to 250 people.
Where is Zipmex based?
Zipmex is headquartered in Singapore, Singapore, in the Asia region.
How does Zipmex make money?
Four revenue lines are on record. Trading Fees are the primary driver. The others are earn / Yield Spread, derivatives Trading (ZEXO Perps) and token / Ecosystem Economics.
Who are Zipmex's main competitors?
Direct peers on record are Bitkub, Indodax and Coinhako. Broad incumbents are Binance, Coinbase, OKX, Crypto.com and Bybit. Regional players are Tokenize Xchange and Pintu.
Does Zipmex have an API?
No public API is recorded for Zipmex.
What industry is Zipmex in?
Zipmex's product category is Digital Asset Exchange. Its primary akta.pro industry code is FSAPADAA, Centralized Crypto Exchanges (CEX). Its NAICS code is 52321 and its SIC code is 6200.