BYDFi Celebrates Fifth Anniversary With New Web 3.0 Tool

BYDFi, a globally renowned crypto trading platform, celebrated its fifth anniversary on April 1, 2025. Over the past five years, the platform has evolved from a rising entity focusing on ‘lightweight contract trading’ to a diversified ecosystem offering spot, perpetual contract, strategic trading, and on-chain memecoin assets. This transformation has been marked by a series of breakthroughs and legendary milestones, reflecting innovation, resilience, and growth.

BYDFi’s journey began in April 2020 with its official launch, marking its entry into the cryptocurrency trading market. By May 2021, the platform 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. The platform completed a global brand strategy upgrade in January 2023 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. The platform ensured that all assets are fully backed with at least one-to-one reserves and began publishing periodic PoR (proof of reserves) reports in October 2024, setting the highest standards for asset security. In November 2024, BYDFi joined the South Korea CODE VASP alliance, laying the foundation for future regulatory compliance in the Korean market. The platform completed a comprehensive upgrade of the perpetual contract system in December 2024, 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 Web 3.0 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 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. MoonX introduces several key breakthroughs, including fast listing for the latest memecoins, smart risk control features such as take-profit, stop-loss, and ‘sell half on a double,’ and a copy trading system that offers ‘smart money tracking’ and ‘trading signal copying.’ The tool also retains CEX-level features like limit orders and one-click buy/sell, eliminating the hassle of repeated wallet authorizations. Users can seamlessly switch and trade freely with just one account, eliminating complex connection processes and wallet switching.

BYDFi has also entered into a strategic partnership with hardware wallet manufacturer Ledger, 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, Michael, co-founder of BYDFi, highlighted the platform’s strategic transformation and continuous innovation. He emphasized BYDFi’s ability to respond quickly to market trends and turn them into user-friendly solutions, positioning the platform at the forefront of the industry. The future of the crypto world, according to Michael, 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, a $100,000 prize pool, red envelope rewards, and token airdrops. Users who make deposits during the event period can enjoy generous rebates and a chance to share in the prize pool. The platform will distribute rich gifts and excess tokens via red envelope rewards and airdrops to users. For more event details, please visit the official website. Founded in 2020, BYDFi is a Forbes-recognized top 10 global cryptocurrency exchange trusted by over 1,000,000 users worldwide. The platform is committed to providing a world-class crypto trading experience for users globally.