XBOND Crypto Exchange Review 2025 - Features, Risks & How It Stacks Up

XBOND Crypto Exchange Review 2025 - Features, Risks & How It Stacks Up

Oct, 13 2024

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When you hear the name XBOND crypto exchange, you probably wonder whether it can hold its own against the giants that dominate 2025’s crypto market. Launched in 2019 from a Singapore address, XBONd offers basic spot trading and a peer‑to‑peer margin system with up to 3.3x leverage. Yet the platform’s data is largely opaque, it lacks any visible trading volume, and major review sites barely mention it. This review pulls together the facts you need to decide if XBONd is worth a look or a pass.

Quick Take

  • XBOND is a centralized exchange based in Singapore, operating since 2019.
  • Offers spot trading and a peer‑to‑peer margin market with a maximum of 3.3x leverage.
  • CoinMarketCap classifies it as an "Untracked Listing" - no volume, no reserve data.
  • Compared to top‑tier exchanges (Binance, Coinbase, Kraken, Bybit, OKX) it lacks transparency, asset breadth, and community support.
  • Only consider XBONd if you specifically need its limited margin model and are comfortable with minimal oversight.

What Is XBONd?

XBOND is a centralized cryptocurrency exchange that began operations on August 1, 2019, and is registered at 68 Circular Road #02-01, Singapore. It markets itself as a dual‑service platform: a straightforward spot market for major digital assets and a peer‑to‑peer (P2P) funding market that enables leveraged trading. The P2P model differs from traditional margin systems because borrowers and lenders interact directly, with the exchange acting only as a facilitator.

Core Features

XBOND’s feature set is deliberately narrow, focusing on two primary services:

  1. Spot Trading - Users can buy and sell a handful of major cryptocurrencies. The exact list isn’t published publicly, but the exchange claims support for “major digital assets”.
  2. Peer‑to‑Peer Margin Trading - Traders can borrow funds from other users, gaining up to 3.3x leverage. This is modest compared to the 10-100x leverage found on platforms like Bybit or OKX.

The platform does not currently offer advanced services such as futures contracts, staking, launchpads, or integrated DeFi gateways - features that have become standard on leading exchanges.

Transparency & Regulatory Signals

One of the biggest red flags is XBONd’s status on CoinMarketCap. As of 2025 the exchange is tagged as an “Untracked Listing”, meaning CoinMarketCap could not verify its trading volume, reserve holdings, or active markets. Under its Listings Review Criteria Section B‑(3), this classification typically applies to exchanges that fail to provide verifiable data.

Regulatory-wise, being headquartered in Singapore places XBONd under a relatively clear framework for digital asset service providers. However, the lack of publicly available proof‑of‑reserves, security audit reports, or AML/KYC policy details makes it hard to gauge compliance. In contrast, exchanges like Coinbase and Kraken regularly publish transparency reports and undergo third‑party audits.

How XBONd Stacks Up Against Top Exchanges

How XBONd Stacks Up Against Top Exchanges

To see where XBONd lands, let’s compare its core metrics with five industry leaders that dominate 2025’s market.

Exchange Feature Comparison (2025)
Exchange Year Launched Max Leverage Transparency Rating Key Offerings
XBOND 2019 3.3x (P2P margin) Untracked (CoinMarketCap) Spot trading, P2P margin
Binance 2017 Up to 125x (futures) Verified (regular audits) Spot, futures, staking, launchpad, NFT marketplace
Coinbase 2012 5x (margin) Verified (US regulator‑registered) Spot, custodial services, education hub
Kraken 2011 5x (margin) Verified (proof‑of‑reserves) Spot, futures, staking, futures API
Bybit 2018 100x (derivatives) Verified (regular reports) Derivatives, spot, DeFi hub
OKX 2017 125x (derivatives) Verified (audit trails) Spot, futures, options, DeFi, NFTs

The table makes it clear: XBONd’s leverage ceiling is modest, its transparency rating is the only “Untracked” entry, and its feature list is limited to basic spot and a niche P2P margin system. For traders who need deep liquidity, a broad asset roster, or advanced tools, the big players dominate.

User Experience & Practical Usage

Because XBONd doesn’t appear in most “top‑exchange for beginners” guides, there is very little community‑generated tutorial content. A quick scan of Reddit, Trustpilot, and major crypto forums turns up virtually no user reviews. The platform’s own documentation is sparse - onboarding screens walk you through account creation, KYC, and funding, but there are no video walkthroughs or detailed FAQs.

Those who have tried the P2P margin market report a mixed experience: the matching engine works, but because the pool of lenders is tiny, finding a counterparty can take minutes or longer, especially for larger loan amounts. The absence of a visible order book adds friction compared to the transparent depth charts on Binance or Kraken.

Risks & Red Flags

  • Lack of Verifiable Data - No public volume, no reserve proof, and the “Untracked” label raise questions about liquidity and solvency.
  • Small User Base - Limited peer lenders can delay margin trades and may affect order execution.
  • Regulatory Ambiguity - While based in Singapore, the exchange does not publish its AML/KYC policies or licensing details.
  • Feature Gap - No staking, futures, or DeFi integrations, which are now expected by power users.

If you’re risk‑averse or need to move large sums quickly, these points suggest looking elsewhere.

Should You Trade on XBONd?

Bottom line: XBONd could serve a very narrow niche - traders who specifically want a low‑leverage P2P margin market and are comfortable operating without public volume data. For the overwhelming majority of crypto investors - whether you’re a beginner, a day trader, or a long‑term holder - the lack of transparency, community support, and advanced tools makes other exchanges a safer, more efficient choice.

Frequently Asked Questions

Is XBONd still operating in 2025?

The exchange’s website is still online, but it shows no trading volume or active market pairs, indicating that activity is extremely low or possibly dormant.

What assets can I trade on XBONd?

XBOND advertises support for “major digital assets” but does not publish a full list. Users have reported Bitcoin (BTC) and Ethereum (ETH) being available, with a few other top‑10 coins occasionally listed.

How does XBONd’s P2P margin work?

Traders post a loan request, specifying the amount and desired leverage (up to 3.3x). Other users can fund the loan directly. The exchange handles settlement and liquidation if the trade moves against the borrower.

Is XBONd regulated?

XBOND lists a Singapore address, which means it falls under the Monetary Authority of Singapore’s framework. However, the exchange does not publicly disclose licensing or audit information, making its regulatory compliance unclear.

Should I deposit large amounts on XBONd?

Given the lack of reserve proof and visible liquidity, it’s advisable to keep only the amount you’re prepared to lose on XBONd. For larger holdings, use a well‑known, audited exchange or a dedicated custodial service.

22 comments

  • Briana Holtsnider
    Posted by Briana Holtsnider
    01:43 AM 10/13/2024

    XBOND looks like a hollow shell of an exchange – the lack of any verifiable volume should set off alarms for anyone who cares about liquidity. Their P2P margin model is tiny compared to the 100x+ offered elsewhere, which makes it irrelevant for serious traders. If you’re not comfortable holding your assets on a platform that can’t even prove reserves, walk away. The whole thing feels like a cash‑grab for the clueless.

  • Corrie Moxon
    Posted by Corrie Moxon
    02:43 AM 10/13/2024

    Even with those red flags, some users might appreciate the simplicity XBONd provides for beginners who just want to dabble in BTC or ETH. It’s a low‑risk way to test the waters without diving into complex futures or staking options. Just keep your exposure tiny and never store large amounts there. A cautious approach can still let you learn the basics.

  • Jeff Carson
    Posted by Jeff Carson
    03:43 AM 10/13/2024

    Hey folks, just a heads‑up: the P2P margin pool on XBONd is pretty thin, so you might wait ages for a match. 🤔 It’s fine for a quick trade, but if you need speed, consider Binance or Bybit where the order books are massive. Also, the UI feels a bit dated – not as slick as the newer platforms. Still, for a niche margin strategy it does the job.

  • Anne Zaya
    Posted by Anne Zaya
    04:43 AM 10/13/2024

    XBOND’s website is super minimal – you won’t find detailed docs or tutorial videos like on Coinbase. That can be a pain if you’re trying to figure out how the P2P loans actually work. On the bright side, the sign‑up flow is straightforward and KYC isn’t a nightmare.

  • Fiona Lam
    Posted by Fiona Lam
    05:43 AM 10/13/2024

    Totally overrated.

  • Jared Carline
    Posted by Jared Carline
    06:43 AM 10/13/2024

    It must be noted, with the utmost formality, that the absence of any publicly audited proof‑of‑reserves renders XBONd an entity of questionable fiscal stability. One should, therefore, meticulously evaluate the inherent risk before allocating capital to such a platform, notwithstanding the allure of its marginally lower leverage.

  • raghavan veera
    Posted by raghavan veera
    07:43 AM 10/13/2024

    The very notion of peer‑to‑peer lending on a crypto exchange invites contemplation about trust and reciprocity; philosophically, are we merely digital lenders or participants in a larger financial ecosystem? This question, while abstract, underscores the need for transparency.

  • Danielle Thompson
    Posted by Danielle Thompson
    08:43 AM 10/13/2024

    👍 Keep it simple: use XBONd only for tiny experiments. If you feel uneasy, move to a bigger exchange. 🌟

  • Eric Levesque
    Posted by Eric Levesque
    09:43 AM 10/13/2024

    America needs strong platforms, not shady ones. XBONd doesn’t cut it.

  • alex demaisip
    Posted by alex demaisip
    10:43 AM 10/13/2024

    From a technical perspective, the architecture of XBONd appears to lack the modular scalability seen in contemporaneous exchanges such as Binance or OKX. The API endpoints are rudimentary, offering limited market depth retrieval, which hampers algorithmic trading implementation. Moreover, the absence of a robust order‑matching engine inevitably leads to elevated slippage during volatile periods. In sum, the platform is ill‑suited for high‑frequency strategies.

  • Elmer Detres
    Posted by Elmer Detres
    11:43 AM 10/13/2024

    Yo, if you’re feeling the vibe of trying something new, just remember the community is almost non‑existent on XBONd. No Reddit threads, no YouTube tutorials – you’re basically flying solo. That can be empowering but also lonely when you hit a snag. Keep your expectations realistic.

  • Tony Young
    Posted by Tony Young
    12:43 PM 10/13/2024

    Let’s break down why XBONd’s limited feature set matters in the grand scheme of crypto trading. First, the exchange’s lack of futures contracts means you cannot hedge your positions against market swings, which is a cornerstone of risk management for seasoned traders. Second, without staking options, you miss out on passive yield opportunities that many competitors incorporate to keep users’ assets productive. Third, the platform’s unverified status on CoinMarketCap erodes confidence; transparency isn’t just a buzzword, it’s a safeguard against potential insolvency. Fourth, the peer‑to‑peer margin system, while novel, suffers from low liquidity, causing prolonged matchmaking times that can render a trade obsolete by the time it’s executed. Fifth, the UI is rudimentary, lacking the advanced charting tools and customizable dashboards that traders rely on for rapid decision‑making. Sixth, the exchange does not offer API rate‑limit enhancements, which stalls bot‑driven strategies. Seventh, security audits are not publicly disclosed, leaving a gap in assurance against breaches. Eighth, compliance documentation is sparse, making it hard to verify AML/KYC adherence. Ninth, customer support channels are limited to email only, with response times that can stretch beyond 48 hours. Tenth, the fee structure is opaque, with hidden spreads that can erode profitability. Eleventh, there’s no native token to incentivize loyalty or reduce fees, a feature that rivals employ to retain users. Twelfth, the platform’s token listings are static, offering no exposure to emerging altcoins. Thirteenth, the lack of educational resources puts novice users at a disadvantage. Fourteenth, the exchange’s legal jurisdiction-Singapore-does not guarantee protection for international users without clear licensing disclosures. Fifteenth, the overall ecosystem feels isolated, with no partnerships to expand utility. In summary, while XBONd might serve a niche audience seeking low‑leverage P2P margin, the myriad deficiencies outlined above make it a suboptimal choice for most traders seeking comprehensive tools and safety nets.

  • Fiona Padrutt
    Posted by Fiona Padrutt
    13:43 PM 10/13/2024

    That long rant hits the nail on the head; I’m done with XBONd. It’s a waste of time.

  • Emma Szabo
    Posted by Emma Szabo
    14:43 PM 10/13/2024

    Honestly, the colorful UI on other platforms makes XBONd feel like a grayscale relic. If you love bright charts and vibrant community vibes, you’ll probably skip this one. Still, for a quick dip into P2P margin, it does the job, albeit without the sparkle.

  • OLAOLUWAPO SANDA
    Posted by OLAOLUWAPO SANDA
    15:43 PM 10/13/2024

    People keep praising big exchanges but forget the little guys can surprise you. XBONd might just be the underdog you need if you want low‑key trading without the hype.

  • Alex Yepes
    Posted by Alex Yepes
    16:43 PM 10/13/2024

    To all considering XBONd: weigh the pros and cons meticulously. On the positive side, the platform’s low leverage reduces liquidation risk for marginal traders. Conversely, the opacity and limited asset selection are significant drawbacks. A balanced decision hinges on your risk tolerance and the specific strategies you intend to employ.

  • Sumedha Nag
    Posted by Sumedha Nag
    17:43 PM 10/13/2024

    Most folks forget that sometimes the “biggest” isn’t always the “best”. If you’re fed up with the usual suspects, XBONd offers a different flavor, albeit with quirks.

  • Holly Harrar
    Posted by Holly Harrar
    18:43 PM 10/13/2024

    i think its ok but dont put all ur money there lol.

  • Vijay Kumar
    Posted by Vijay Kumar
    19:43 PM 10/13/2024

    From an Indian trader’s viewpoint, the lack of INR support on XBONd is a deal‑breaker. Most of us prefer platforms that integrate local fiat gateways, making deposits and withdrawals seamless.

  • Edgardo Rodriguez
    Posted by Edgardo Rodriguez
    20:43 PM 10/13/2024

    Esteemed community, please note: the paucity of transparent reporting mechanisms on XBONd is, unequivocally, a critical deficiency; one that cannot be overlooked when evaluating the exchange’s overall integrity and long‑term sustainability.

  • mudassir khan
    Posted by mudassir khan
    21:43 PM 10/13/2024

    Honestly, the whole XBONd thing is a circus. No audits, no data-just hype and empty promises.

  • Bianca Giagante
    Posted by Bianca Giagante
    22:43 PM 10/13/2024

    Let’s keep the discussion civil; while XBONd has shortcomings, we can all agree that thorough due‑diligence is essential before committing funds.

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