CoinTiger is an unregulated Singapore-based crypto exchange that has gained great popularity throughout Southeast Asia and Europe for its spot and derivatives trading platform. Frank Ling founded the company in 2017.
IN Oct 2020, the Monetary Authority of Singapore (MAS) issued an investor warning against CoinTiger.
CoinTiger is currently the fourth largest margin platform in the world based on reported trading volume and liquidity.
The exchange offers trading in 89 different cryptocurrencies and has more than 150 trading pairs. The platform is also available as a mobile app for all traders who prefer it.
CoinTiger has a CNY/USD cash withdrawal service and multi-lingual customer service that is available 24/7, according to the platform’s website.
According to some Crypto blogs, one drawback is CoinTiger’s lacking transparency. No information about the team behind the exchange is provided. This detracts from the platform’s credibility, as not knowing the expertise and background of the people responsible for the exchange could discourage users from trusting CoinTiger.
According to the CoinTiger Terms and Conditions, residents from the USA are not allowed to trade crypto on the platform due to strict regulations. Therefore, individuals from the United States are strictly prohibited from creating an account and will not be able to open any trades.
We rate CoinTiger in our “Orange Compliance” list due to the warning by the authorities and the poor level of customer reviews.