MessengerBank
MessengerBank is a private cryptocurrency exchange founded in 2022, serving retail, mid-market, and algorithmic traders across 60+ countries with spot trading across 300+ pairs, institutional-grade security, and approximately $2.4 billion in monthly trading volume.
- Company typePrivate
- Founded2022
- HeadquartersSheridan, United States
- Headcount—
- GTM typeB2C
- OfferingSoftware
What MessengerBank does
MessengerBank is a private cryptocurrency exchange platform operating since 2022, headquartered in Sheridan, United States, with a distributed team of 80+ professionals across engineering, security, compliance, and customer support covering three time zones. The platform serves retail, mid-market, and algorithmic traders across 60+ countries, processing approximately $2.4 billion in monthly trading volume across 300+ trading pairs and 4M+ trades per month. Its core product is a self-serve spot trading platform with sub-100ms order execution, 0.08% maker and 0.10% taker fees, and institutional-grade security infrastructure that holds 95% of user funds in air-gapped cold wallets with the remaining 5% in insured hot wallets.
The platform is accessed via a web interface and dedicated iOS and Android mobile apps, with an 8-step onboarding flow that takes most users from sign-up to first confirmed trade in under 10 minutes. KYC verification completes in under 3 minutes, deposits reflect in under 2 minutes, and crypto withdrawals process within 15 minutes. The company reports 99.97% platform uptime and a 99.4% order fill rate. Its revenue model is transaction-based, charging maker/taker fees on trades with volume-based discounts for high-volume traders. Customer growth is described as entirely organic, driven by product quality and trader referrals rather than paid acquisition.
The product roadmap through 2026 layers on derivatives (up to 100x leverage perpetual futures), REST and WebSocket APIs for algorithmic traders, fiat on-ramps via Visa, Mastercard, SEPA, and SWIFT in 40+ currencies, an institutional OTC desk for orders above $100k, sub-account management, and on-chain staking for ETH, SOL, and ADA. The company is GDPR-compliant, integrates with named liquidity providers and partners including evedex, and is led by CEO Kent Kristensen. No funding rounds, ownership structure, or revenue figures are disclosed in available materials.
MessengerBank firmographics
Firmographics- Name
- MessengerBank
- Legal name
- MessengerBank
- Website
- https://messengerbank.io
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Short description
- MessengerBank is a private cryptocurrency exchange founded in 2022, serving retail, mid-market, and algorithmic traders across 60+ countries with spot trading across 300+ pairs, institutional-grade security, and approximately $2.4 billion in monthly trading volume.
- Ownership category
- akta.pro rank
MessengerBank industry classification
Industry- Product category
- Cryptocurrency Exchange
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)
- akta.pro secondary industries
- Institutional Spot Exchanges & Broker-Dealers (FSADAAAC), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where MessengerBank is headquartered
LocationHeadquarters
- HQ city
- Sheridan
- HQ country
- United States
- HQ region
- North America
Markets served
MessengerBank business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Trading Fees (Maker/Taker): Transaction-based fees charged on trades. Maker fees start at 0.08% and taker fees at 0.10%. High-volume traders qualify for reduced rates. This is the primary revenue stream for the exchange.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Trading Fees |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels1 record
MessengerBank product offering
Product offeringCore offering
MessengerBank operates a cryptocurrency exchange platform supporting spot trading across 300+ trading pairs including Bitcoin, Ethereum, Solana, and major stablecoins. The platform delivers sub-100ms order execution, charges 0.08% maker and 0.10% taker fees, and secures 95% of user funds in air-gapped cold storage. It also provides iOS and Android mobile trading applications, REST and WebSocket APIs for algorithmic traders, and a portfolio analytics dashboard.
Product overview
MessengerBank is a single-platform cryptocurrency exchange offering spot and futures trading. The core product is the MessengerBank Platform supporting 300+ trading pairs with sub-100ms execution and institutional-grade security. The Mobile Trading App extends full trading functionality to iOS and Android devices. The Portfolio Analytics Dashboard provides live P&L monitoring and asset performance tracking. Planned additions include an OTC Desk for institutional orders above $100k and Crypto Staking for ETH, SOL, and ADA. All components share the same security infrastructure with 95% of funds in cold storage.
Differentiator
Problem solved
Functional benefit
Products and services
- MessengerBank Platform A self-serve cryptocurrency exchange platform supporting spot trading across 300+ trading pairs including Bitcoin, Ethereum, Solana, and major stablecoins, with sub-100ms order execution, 0.08% maker fees, 0.10% taker fees, KYC verification under 3 minutes, and 95% cold storage security for retail and professional traders.
- Mobile Trading App (iOS & Android) Full-featured mobile trading application available on iOS and Android that provides live charts, order placement, deposits, withdrawals, dark mode, and a customizable interface for individual cryptocurrency traders.
Quantifiable outcome
- 99.4% order fill rate
- +6 more outcomes
Companies that use MessengerBank
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
MessengerBank technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
MessengerBank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Unnamed Liquidity ProviderscoreMessengerBank connects with top liquidity providers to ensure trades clear at the best available price. Part of the core infrastructure supporting $2.4 billion in monthly trading volume.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
MessengerBank competitors and assessment
Company assessmentDirect peers
- Gate.io: Global CEX with hundreds of altcoin pairs and a broad retail user base. Comparable to MessengerBank on broad trading-pair coverage and product-led retail acquisition across 60+ countries.
- Bitstamp: Long-standing regulated CEX focused on spot trading for retail and institutional clients. Comparable to MessengerBank's spot-first, security-focused, low-fee positioning targeting professional and institutional traders.
- KuCoin: Global CEX with extensive altcoin listings and competitive fees. Comparable to MessengerBank's 300+ pair coverage, low-fee positioning, and broad geographic reach across emerging markets.
- Bitfinex: Established CEX with deep liquidity for professional and high-volume traders. Comparable to MessengerBank's planned OTC desk and sub-account management for institutional/high-volume traders, as well as API-first trading focus.
- Bybit: Derivatives-heavy CEX with strong API and algorithmic trader focus. Comparable to MessengerBank on the planned derivatives and API roadmap, particularly around high-leverage futures and institutional features.
- Kraken: Established US-based CEX with strong security posture and competitive fee structure. Closely comparable to MessengerBank's positioning around security-first, low-fee spot trading for retail and professional traders.
Broad incumbents
- Coinbase: Leading US-regulated centralized crypto exchange with extensive spot trading and custody offerings. Comparable to MessengerBank in core spot CEX functionality but with significantly greater regulatory infrastructure and institutional coverage.
- OKX: Global CEX with deep spot and derivatives markets and strong API offering. Comparable to MessengerBank's roadmap trajectory into derivatives, leverage trading, and algorithmic-trader APIs.
- Binance: The world's largest centralized crypto exchange by trading volume. Directly comparable to MessengerBank as a spot/derivatives CEX serving global retail and institutional traders, but with vastly deeper liquidity and broader product offerings.
- Crypto.com: CEX with a strong mobile-first product and Visa card ecosystem. Comparable to MessengerBank on mobile trading parity and on the planned Visa/Mastercard integration roadmap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
MessengerBank social profiles
Digital presenceMessengerBank compliance and trust
Trust signalCompliance1 record
MessengerBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
MessengerBank leadership team
Management profileNumber of profiles
Profiles1 record
MessengerBank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MessengerBank 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 MessengerBank
What does MessengerBank do?
MessengerBank operates a cryptocurrency exchange platform supporting spot trading across 300+ trading pairs including Bitcoin, Ethereum, Solana, and major stablecoins. The platform delivers sub-100ms order execution, charges 0.08% maker and 0.10% taker fees, and secures 95% of user funds in air-gapped cold storage. It also provides iOS and Android mobile trading applications, REST and WebSocket APIs for algorithmic traders, and a portfolio analytics dashboard.
Is MessengerBank a public or private company?
MessengerBank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MessengerBank founded?
MessengerBank was founded in 2022.
Where is MessengerBank based?
MessengerBank is headquartered in Sheridan, United States, in the North America region.
How does MessengerBank make money?
One revenue line is on record: trading Fees (Maker/Taker).
Who are MessengerBank's main competitors?
Direct peers on record are Gate.io, Bitstamp, KuCoin, Bitfinex, Bybit and Kraken. Broad incumbents are Coinbase, OKX, Binance and Crypto.com.
Does MessengerBank have an API?
No public API is recorded for MessengerBank.
What industry is MessengerBank in?
MessengerBank's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine), with a secondary code of FSADAAAC, Institutional Spot Exchanges & Broker-Dealers. Its SIC code is 6200.