BYDFi Expands Web3 Offerings, Launches MoonX Trading Tool

BYDFi, a globally recognized crypto trading platform, celebrated its fifth anniversary on April 1, 2025. Over the past five years, the platform has transitioned from a focus on "lightweight contract trading" to a comprehensive ecosystem offering spot, perpetual contract, strategic trading, and on-chain Memecoin assets. This transformation has been marked by significant milestones and innovations, reflecting BYDFi's journey from inception to exponential growth.

BYDFi's rapid ascent in the crypto field is highlighted by several key events. 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. 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 1:1 reserves and began publishing periodic Proof of Reserves (POR) 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 to 2025 and beyond, BYDFi is expanding its Web3 products and strategic brand partnerships. On April 3, 2025, the platform will launch its Web3 on-chain trading tool, BYDFi MoonX, which focuses on the booming Memecoin market. MoonX supports both Solana and BNB Chain and introduces several key breakthroughs, including performance, functional, and experience enhancements. Performance breakthroughs include near-instant transactions and minimal slippage, providing users with an ultra-smooth trading experience. Functional breakthroughs include fast listing, smart risk control, and a copy trading system that offers "Smart Money Tracking" and "Trading Signal Copying" features. Experience breakthroughs include seamless switching between mainstream Crypto assets and Web3’s hot Memecoins, offering a truly “one-click” experience.

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, BYDFi Co-Founder Michael shares insights into the platform's vision for the future. Since its inception, BYDFi has served users in over 150 countries and regions, and the platform continues to innovate and expand its offerings to meet the evolving needs of the crypto community.