Zipmex
CryptoSingaporeClosed 2022
Total Raised
$50M
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2022
Business model
Cryptocurrency exchange serving Southeast Asian retail customers across Singapore, Thailand, Indonesia, and Australia.
In brief
One of Southeast Asia's most prominent retail crypto exchanges, serving roughly 2 million users. It froze customer withdrawals in July 2022 after its yield-generating "ZipUp" product's underlying partners (including Babel Finance) became insolvent during the broader crypto market…
See the What Happened tab for the full account.
Key facts
- Founded
- 2018
- Closed
- 2022
- Headquarters
- Singapore
- Industry
- Crypto
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Marcus Lim, Akalarp Yimwilai
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Often compared with: Coinbase, Binance.