BiFinance
BiFinance is a Vancouver-based centralized cryptocurrency exchange founded in 2022 that enables trading of Bitcoin, Ethereum, and other digital assets for retail and institutional users while onboarding token projects for CEX listings and traditional-asset-to-Web3 integration.
- Company typePrivate
- Founded2022
- HeadquartersVancouver, Canada
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What BiFinance does
BiFinance is a centralized cryptocurrency exchange (CEX) founded in 2022 and headquartered in Vancouver, Canada, that enables users to buy, sell, and trade digital assets including Bitcoin, Ethereum, and other cryptocurrencies. The platform operates as a single unified exchange product accessed via bifinance.com and is staffed by 51–100 employees. BiFinance's primary customer segments are individual and institutional cryptocurrency traders and investors, with a secondary segment of blockchain projects and token issuers seeking CEX listings for visibility and trading volume.
The company generates revenue through two transaction-fee-based streams: trading fees collected on buy/sell orders across trading pairs executed on its exchange, and listing fees charged to token projects for CEX onboarding. Its distribution is hybrid — direct platform access for retail and institutional traders, supplemented by token listing partnerships in which projects such as AlphaPepe (a crypto presale project with 9,600+ holders and $1.73M+ raised) use BiFinance as a go-to-market surface to reach their own trading communities. The platform's stated strategic direction, backed by its Series A capital plan, is to bridge traditional financial assets with Web3 ecosystem services, targeting institutional clients and traditional asset institutions as a new customer segment beyond core crypto-native retail.
BiFinance's competitive positioning rests on exchange infrastructure designed for traditional-asset-to-Web3 integration interoperability, supported by $10 million in Series A funding (October 2024) at a $100 million post-money valuation from Sunfund Fortuna Global Opportunities, TigerVCDAO, and additional investors. The company is privately held, has no disclosed patents, certifications, or AI/ML capabilities, and publicly available evidence of revenue, user count, or trading volume is absent.
BiFinance firmographics
Firmographics- Name
- BiFinance
- Website
- https://bifinance.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- BiFinance is a Vancouver-based centralized cryptocurrency exchange founded in 2022 that enables trading of Bitcoin, Ethereum, and other digital assets for retail and institutional users while onboarding token projects for CEX listings and traditional-asset-to-Web3 integration.
- Ownership category
- akta.pro rank
BiFinance industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (523210), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Centralized Crypto Exchanges (CEX) (FSAPADAA)
- akta.pro secondary industries
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Retail Crypto Brokerages (Simple Buy/Sell) (FSADAAAB), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF)
Keywords
Where BiFinance is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
BiFinance business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Exchange Trading Fees: BiFinance generates revenue through trading fees collected on cryptocurrency transactions executed on its centralized exchange platform. As a CEX listing tokens from projects like AlphaPepe, the exchange earns transaction fees from buy/sell orders across trading pairs.
- CEX Listing Fees: Revenue is generated from listing fees charged to cryptocurrency projects seeking visibility and trading volume on the BiFinance exchange platform. Projects like AlphaPepe pay for listing agreements to access BiFinance's user base and trading infrastructure.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
BiFinance product offering
Product offeringCore offering
BiFinance operates a centralized cryptocurrency exchange (CEX) platform that enables users to buy, sell, and trade digital assets, with primary support for Bitcoin and Ethereum. The platform also pursues token listing partnerships with crypto projects and is strategically positioning infrastructure to link traditional financial assets with the Web3 ecosystem.
Product overview
BiFinance operates as a centralized cryptocurrency exchange (CEX) platform. The platform enables users to buy, sell, and trade digital assets, with primary support for Bitcoin and Ethereum. Based on available source data, BiFinance functions as a single unified exchange product rather than a multi-module platform architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- BiFinance Exchange Platform
Companies that use BiFinance
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
BiFinance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
BiFinance partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship.
- AlphaPepeflagshipAlphaPepe announced a CEX partnership with BiFinance as part of its exchange listing strategy. The partnership grants AlphaPepe access to BiFinance's trading infrastructure and user base. AlphaPepe's presale has raised $1.73 million with over 9,600 holders, and the BiFinance listing represents a key milestone before public trading launch.
- AlphaPepeflagshipBiFinance CEX listing deal with AlphaPepe marks another exchange milestone for the project following an earlier Azbit reveal. The partnership provides BiFinance with trading volume from AlphaPepe's growing holder base of over 9,600 participants and $1.67M+ in presale contributions.
Scale indicators3 records
Recent moves4 records
Expansion highlights6 records
BiFinance competitors and assessment
Company assessmentDirect peers
- OKX: Global centralized cryptocurrency exchange offering spot and derivatives trading across hundreds of digital assets. Competes with BiFinance for both retail traders and crypto project listings, and has been expanding TradFi-style product offerings.
- Gate.io: Long-standing centralized cryptocurrency exchange listing hundreds of digital assets with global reach. Comparable to BiFinance as a platform emphasizing breadth of token listings and access for both retail and project-driven traders.
- Kraken: Established centralized crypto exchange known for security, regulatory compliance, and institutional services. Comparable to BiFinance in targeting serious traders and institutional clients, and serves as a benchmark for institutional-grade CEX positioning.
- Bybit: Major centralized cryptocurrency exchange with strong derivatives and growing spot markets. Competes with BiFinance in the global CEX category and similarly targets active traders seeking broader digital asset exposure.
- Binance: The world's largest centralized cryptocurrency exchange by trading volume, offering spot trading in Bitcoin, Ethereum, and hundreds of other digital assets. Directly competes with BiFinance in the same CEX category serving similar retail and institutional trader segments globally.
- HTX (Huobi): Established centralized cryptocurrency exchange serving global markets with broad token coverage. Directly competes with BiFinance in the global CEX category and similarly emphasizes breadth of digital asset listings to attract traders.
- Bitget: Centralized cryptocurrency exchange with strong derivatives and copy-trading product suite, also expanding spot markets. Comparable to BiFinance as a global CEX pursuing both retail traders and broader institutional exposure through product expansion.
- KuCoin: Global CEX known for listing early-stage and presale crypto projects, attracting smaller-cap tokens and project-driven trading volume. Directly comparable to BiFinance's apparent positioning with speculative and presale-stage token listings.
- MEXC: Global CEX known for early listings of new and presale-stage tokens, attracting project-driven trading volume. Closely comparable to BiFinance's apparent focus on listing partnerships with emerging crypto projects like AlphaPepe.
- Coinbase: Leading US-regulated centralized cryptocurrency exchange with strong institutional offering (Coinbase Institutional). Most directly comparable to BiFinance's institutional-grade positioning and TradFi bridge ambition, with a similar focus on regulatory credibility.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
BiFinance social profiles
Digital presenceBiFinance financial estimates
Financial estimateRevenue estimate
Valuation estimate
BiFinance leadership team
Management profileNumber of profiles
BiFinance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BiFinance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BiFinance
What does BiFinance do?
BiFinance operates a centralized cryptocurrency exchange (CEX) platform that enables users to buy, sell, and trade digital assets, with primary support for Bitcoin and Ethereum. The platform also pursues token listing partnerships with crypto projects and is strategically positioning infrastructure to link traditional financial assets with the Web3 ecosystem.
Is BiFinance a public or private company?
BiFinance is a private company. It is classified as venture growth investor backed and is currently operating.
When was BiFinance founded?
BiFinance was founded in 2022. It employs 51 to 100 people.
Where is BiFinance based?
BiFinance is headquartered in Vancouver, Canada, in the North America region.
How does BiFinance make money?
Two revenue lines are on record. Exchange Trading Fees are the primary driver. The others are CEX Listing Fees.
Who are BiFinance's main competitors?
Direct peers on record are OKX, Gate.io, Kraken, Bybit, Binance, HTX (Huobi), Bitget, KuCoin, MEXC and Coinbase.
Does BiFinance have an API?
No public API is recorded for BiFinance.
What industry is BiFinance in?
BiFinance's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSAPADAA, Centralized Crypto Exchanges (CEX), with a secondary code of FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine). Its NAICS code is 52321 and its SIC code is 6200.