BYDFi Celebrates 5th Anniversary With New Web3 Tool MoonX

BYDFi, a globally renowned crypto trading platform, celebrated its fifth anniversary on April 1, 2025. Over the past five years, BYDFi has evolved from a platform focusing on "lightweight contract trading" to a diversified ecosystem offering spot, perpetual contract, strategic trading, and on-chain Memecoin assets. The platform's journey has been marked by innovation, resilience, and growth, culminating in a grand anniversary celebration.

BYDFi's rapid rise in the crypto field is reflected in several key milestones. The platform officially launched in April 2020, marking its entry into the cryptocurrency trading market. By May 2021, it had expanded to support over 500 spot trading pairs. In August 2022, BYDFi introduced perpetual contract trading, offering over 150 contract pairs with flexible leverage from 1x to 200x. In January 2023, the platform completed a global brand strategy upgrade and was listed on authoritative data platforms, garnering widespread international attention. In December 2023, BYDFi was ranked by Forbes as one of the world’s top 10 crypto exchanges, a position it continues to hold. In October 2024, the platform ensured that all assets are fully backed with at least 1:1 reserves and began publishing periodic Proof of Reserves (POR) reports. In November 2024, BYDFi joined the South Korea CODE VASP alliance, laying the foundation for future regulatory compliance in the Korean market. In December 2024, the platform completed a comprehensive upgrade of the perpetual contract system, introducing features such as new positions allowed even without unrealized profits, bidirectional long/short position support for hedging, and shared account funds under full margin mode to reduce liquidation risks.

Looking ahead, BYDFi is set to launch its Web3 on-chain trading tool, BYDFi MoonX, on April 3, 2025. MoonX focuses on the booming Memecoin market and supports both Solana and BNB Chain. The tool introduces several key breakthroughs, including performance, functional, and experience enhancements. Performance-wise, MoonX combines the smoothness of centralized exchanges (CEX) with the flexibility of decentralized exchanges (DEX), leveraging advanced technology to achieve near-instant transactions and minimal slippage. Functionally, it offers fast listing, smart risk control, and a copy trading system. The experience breakthrough allows users to seamlessly switch between mainstream Crypto assets and Web3’s hot Memecoins with just one account, eliminating complex connection processes and wallet switching.

BYDFi has also entered into a strategic partnership with a hardware wallet manufacturer, launching a co-branded wallet that further enhances the security of user assets. The product is currently in production and is expected to be launched soon. Reflecting on the past five years and looking ahead to the next phase of growth, BYDFi Co-Founder Michael shares, “BYDFi’s journey is more than just a historical timeline—it’s a strategic transformation. Over the past five years, we have continuously pushed boundaries, with our product architecture undergoing multiple rounds of innovation and upgrades. At the same time, our brand recognition in the global market has been steadily increasing.” He further adds, “Our core competitive edge lies in our ability to respond quickly to market trends. In product development, we always adhere to one principle: turning trends into products and simplifying complexity into user-friendly solutions. Whether it’s the launch of Copy Trading or deepening Memecoin trading on-chain, we remain at the forefront of the industry. The future of the crypto world demands products with lower barriers to entry, greater openness, and a deeper understanding of user behavior.”

In celebration of its fifth anniversary, BYDFi has launched a series of exciting events, including deposit rebates and a $100,000 prize pool, red envelope rewards, and token airdrops. For more event details, please visit the official website: BYDFi 5th Anniversary. Founded in 2020, BYDFi is a Forbes-recognized top 10 global cryptocurrency exchange trusted by over 1,000,000 users worldwide. BYDFi is committed to providing a world-class crypto trading experience for users globally.