BloFin: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- BuildLight Future Limited (jurisdiction not stated)
- Fees
- Futures maker: 0.02% (Regular tier)
- Risks and caveats
- No licence or regulator is named for the operating company.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Operator
- BuildLight Future Limited
- Official site
- blofin.com
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is BloFin
BloFin is a centralised cryptocurrency exchange focused on perpetual futures, with spot trading, copy trading, trading bots and earn products. Its services are provided by BuildLight Future Limited.
Good to know
- The Terms of Use name BuildLight Future Limited as the provider but do not state where it is incorporated or licensed. ↗
- BloFin states it is not regulated by Dubai's Virtual Assets Regulatory Authority and does not serve Dubai/UAE residents. ↗
- Users in the United States, Canada, India, China, Singapore, the UAE and other restricted locations may not use the platform; the site blocks visitors from those regions. ↗
- Disputes are resolved by arbitration under HKIAC rules, seated in Hong Kong, with a class action waiver. ↗
- Inactive accounts can be classed as dormant and closed, after a notice to close positions and withdraw assets. ↗
Services
| Parameter | Details |
|---|---|
| Derivatives | USDT-margined, USDC-margined and coin-margined perpetual futures |
| Spot trading | Yes; spot trading launched in 2024 |
| Copy trading | Yes; futures and spot copy trading |
| Staking / Earn | Simple Earn and Dual Investment |
| Card | BloFin Mastercard crypto card, launched in Q2 2025 |
Security and audits
- Cold-wallet custody through Fireblocks, introduced in 2024.
- Chainalysis integrated for compliance screening in 2024.
- The exchange states it is ISO 27001 certified (company statement; certificate not published on the page).
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): blofin.com/sitemap/main-sitemap.xml, support.blofin.com/hc/en-us, blofin.com/en/proof-of-reserves, hacked.slowmist.io, api.llama.fi/hacks, rekt.news/leaderboard
Fees
| Parameter | Details |
|---|---|
| Futures maker | 0.02% (Regular tier) |
| Futures taker | 0.06% (Regular tier) |
Who can use it
- Verification: Opening an account requires identity verification with personal information.
- Not available to residents of the United States, Canada, India, mainland China, Singapore, the UAE, Russian-controlled regions of Ukraine, sanctioned countries and other listed locations.
History
| Date | Event |
|---|---|
| 2019-2022 | Fund-of-funds business started; Series B round of USD 50 million co-led by SIG and Matrix Partners (company statement) |
| January 2023 | Exchange app launched on iOS and Android |
| 2024 | Spot trading launched; Fireblocks custody and Chainalysis added |
| 2025 | Unified Trading Account launched (Q1); BloFin Mastercard crypto card launched (Q2) |
Risks and caveats
- No licence or regulator is named for the operating company.
- High-leverage positions are monitored and can be acted on by the exchange.
- Digital assets may have limited liquidity, making it hard to exit positions.
- Third-party custodians and payment providers are involved in the service.
About the company
- Legal entity
- BuildLight Future Limited (jurisdiction not stated)
- Dispute venue
- HKIAC arbitration seated in Hong Kong
Official links
- Website: blofin.com
- Fees: blofin.com/en/fees
- Terms of use: support.blofin.com/hc/en-us/articles/7296238795279-TERM-OF-USE
- Risk disclosure: support.blofin.com/hc/en-us/articles/7298206673423-RISK-DISCLOSURE-STATEMENT
- Proof of reserves: blofin.com/en/proof-of-reserves
Questions and answers
Is BloFin regulated?
BloFin's Terms name BuildLight Future Limited as the provider but list no licence; they state BloFin is not regulated by Dubai's VARA.
Who owns BloFin?
The services are provided by BuildLight Future Limited; the Terms do not give its country of incorporation.
What are BloFin's fees?
At the Regular tier, futures fees were 0.02% maker and 0.06% taker (fee page as of 1 August 2026).
Is BloFin available in the US?
No. The United States, Canada, India, Singapore, the UAE and other locations are restricted under BloFin's Terms of Use.
Sources
- BloFin - Terms of Use (archived 3 February 2026)
- BloFin - About Us (archived 1 June 2026)
- BloFin - Risk Disclosure Statement (archived 19 May 2026)
- BloFin - Fee Schedule (archived 1 August 2026)
- BloFin - homepage restricted-region notice
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