BYDFi
| Private | |
| ISIN | 🆔 |
| Industry | Cryptocurrency exchange |
| Founded 📆 | 2020 |
| Founder 👔 | |
Area served 🗺️ | 190+ countries |
| Products 📟 | Cryptocurrency trading, perpetual contracts, on-chain trading (MoonX), TradFi, crypto debit card |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
BYDFi (formerly BitYard) is a cryptocurrency exchange founded in 2020 and registered in the Seychelles.[1] The platform operates a centralized exchange (CEX) alongside an on-chain trading engine called MoonX, and serves over one million registered users across more than 190 countries.[2][3] The exchange is known for allowing trading without mandatory KYC verification.[1] In 2025, BYDFi became the official cryptocurrency exchange partner of Newcastle United.[4]
History
Founding and BitYard era (2019–2022)
The company was established in late 2019 and launched its trading platform under the name BitYard in April 2020.[5] During the BitYard period, the platform positioned itself as a cryptocurrency derivatives exchange, using the slogan "Grow Your Future in the Yard."[6] The platform added spot trading, copy trading, and perpetual contracts with up to 200x leverage during its first two years of operation.[7]
Rebrand to BYDFi (2023)
In January 2023, BitYard rebranded to BYDFi, with the name standing for "BUIDL Your Dream Finance."[1][8] The rebranding coincided with the platform's listing on CoinMarketCap and CoinGecko.[1] The earliest Wayback Machine capture of the BYDFi domain dates to January 5, 2023.[9]
Expansion (2024–2026)
In October 2024, BYDFi began publishing Proof of Reserves reports, audited by blockchain security firm Hacken, showing reserve ratios exceeding 100% for Bitcoin, Ethereum, and USDT.[7][10] In November 2024, the exchange joined South Korea's CODE VASP Alliance.[7]
In February 2025, BYDFi announced a partnership with hardware wallet manufacturer Ledger, launching a co-branded Ledger Nano X limited edition, of which 500 units were produced globally.[11]
In April 2025, BYDFi launched MoonX, an on-chain trading engine supporting the Solana, BNB Chain, and Base blockchains. The product debuted at Paris Blockchain Week and was described by Crypto Briefing as combining centralized exchange performance with decentralized trading access.[3][2] MoonX integrates Safeheron for key management using multi-party computation (MPC) and trusted execution environment (TEE) technology.[3]
In August 2025, BYDFi announced a Visa-branded virtual debit card to be made available in over 190 countries, with planned support for cryptocurrency top-ups and integration with Apple Pay, Google Pay, and PayPal.[12]
In 2026, the platform expanded into traditional financial assets (TradFi), offering tokenized trading of US equities, forex, and commodities including gold, settled in USDT.[7]
Newcastle United partnership
On August 26, 2025, BYDFi signed a multi-year agreement with Newcastle United of the Premier League, becoming the club's official cryptocurrency exchange partner.[4][13][14] The deal was independently reported by The Block,[4] Decrypt,[15] and BeInCrypto,[16] among others. Protos included BYDFi in a broader analysis of cryptocurrency sponsorships across the Premier League.[17]
The partnership's branding was first activated on September 28, 2025, with the tagline "BUIDL YOUR DREAM FINANCE" displayed on LED pitchside boards during Newcastle United's home match against Arsenal at St James' Park.[15][16]
Regulatory status
BYDFi operates through two legal entities registered as Money Services Businesses (MSBs) with the U.S. Financial Crimes Enforcement Network (FinCEN):
- BYDFI BLOCKCHAIN LIMITED — MSB Registration No. 31000215482431; renewed as No. 31000325761549 (received March 26, 2026), covering all 50 U.S. states and territories. Registered activities include dealing in foreign exchange, money transmission, and selling money orders.[18]
- BYDFi Fintech LTD (registered in Seychelles) — MSB Registration No. 31000324461143 (Initial Registration received March 11, 2026), covering all U.S. states and territories. Registered activities include dealing in foreign exchange, money transmission, and selling money orders.[19]
The company is also registered as an MSB with Canada's FINTRAC.[20]
BYDFi is listed on the VerifyVASP platform (VASP ID: 10485475059966502912) and joined South Korea's CODE VASP Alliance in November 2024.[7]
Recognition
In 2026, BYDFi was listed in Forbes Advisor Canada's ranking of best cryptocurrency exchanges in Canada.[21]
In December 2025, the platform received the Trusted Exchange Award from TrustFinance and was named Best Centralized Exchange by BeInCrypto.[1][7]
Industry events
BYDFi has participated as a sponsor at several cryptocurrency industry conferences, including:
- Paris Blockchain Week 2025 (April 2025) — debuted MoonX[2]
- TOKEN2049 Dubai 2025 (April–May 2025) — official sponsor[3]
- Solana Accelerate APAC at Consensus Hong Kong 2026 (February 2026)[22]
- Next Block Expo 2026 Warsaw (March 2026)[23]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "BYDFi Review 2026". BeInCrypto. Retrieved 2026-04-17.
- ↑ 2.0 2.1 2.2 "MoonX: BYDFi's On-Chain Trading Engine — A Ticket from CEX to DEX". Decrypt. Retrieved 2026-04-17.
- ↑ 3.0 3.1 3.2 3.3 "BYDFi Officially Launches On-Chain Trading Tool MoonX, Ushering in the Era of CEX-DEX Dual Engines". Crypto Briefing. Retrieved 2026-04-17.
- ↑ 4.0 4.1 4.2 "Newcastle United Announce Multi-Year Partnership with BYDFi". The Block. 2025-08-26. Retrieved 2026-04-17.
- ↑ "BitYard.com". Wayback Machine. 2020-04-03. Retrieved 2026-04-17.
- ↑ "Crypto Exchange BitYard Undertakes Brand Refresh with New Logo and Slogan 'Grow Your Future in the Yard'". NewsBTC. Retrieved 2026-04-17.
- ↑ 7.0 7.1 7.2 7.3 7.4 7.5 "BYDFi Brief". BYDFi. Missing or empty
|url=(help);|access-date=requires|url=(help) - ↑ "BYDFi Review: A Look Into the World of BUIDL-ing Your Dream Finance". CoinGape. Retrieved 2026-04-17.
- ↑ "BYDFi.com". Wayback Machine. 2023-01-05. Retrieved 2026-04-17.
- ↑ "BYDFi Review 2026: Fees, 200x Perps, Optional KYC & MoonX". Coin Bureau. Retrieved 2026-04-17.
- ↑ "BYDFi and Ledger Launch Global Campaign with Limited BYDFi × Ledger Nano X". Decrypt. Retrieved 2026-04-17.
- ↑ "BYDFi Card Officially Launches: One Card to Seamlessly Bridge Web3 Assets and Real-World Spending" (Press release). BYDFi (via The Block press releases). 2025-08-07. Retrieved 2026-04-17.
- ↑ "Newcastle United Announce Multi-Year Partnership with BYDFi". CoinDesk. 2025-08-26. Retrieved 2026-04-17.
- ↑ "Newcastle United taps official crypto exchange partner". Cointelegraph. 2025-08-26. Retrieved 2026-04-17.
- ↑ 15.0 15.1 "BYDFi Highlights BUIDL Ethos During Newcastle United Match Against Arsenal". Decrypt. Retrieved 2026-04-17.
- ↑ 16.0 16.1 "BYDFi BUIDL Story at St James' Park". BeInCrypto. Retrieved 2026-04-17.
- ↑ "Chart: Every Crypto Sponsor in This Year's Premier League". Protos. Retrieved 2026-04-17.
- ↑ "MSB Registration Status Information — BYDFI BLOCKCHAIN LIMITED". FinCEN. 2026-04-13. Retrieved 2026-04-17.
- ↑ "MSB Registration Status Information — BYDFi Fintech LTD". FinCEN. 2026-03-23. Retrieved 2026-04-22.
- ↑ "Money Services Business Registry". FINTRAC. Retrieved 2026-04-17.
- ↑ "Best Crypto Exchanges In Canada". Forbes Advisor Canada. Retrieved 2026-04-17.
- ↑ "Solana Leans Into Tokenization and Payments at Hong Kong's Accelerate APAC Event". CoinDesk. 2026-02-12. Retrieved 2026-04-17.
- ↑ "BYDFi Expands European Reach with Next Block Expo 2026 Sponsorship in Warsaw". Decrypt. Retrieved 2026-04-17.
External links
Category:Cryptocurrency exchanges
Category:Financial services companies established in 2020
Category:Companies of Singapore
Category:Seychelles companies
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