Regulated Asian-European crypto exchange operator

Founded in 2016, the crypto exchange and payment services provider serves more than 50 million customers and has over 4,000 employees across its offices in the Americas, Europe, and Asia. The company was initially founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco” and later in 2018 renamed.

Foris DAX MT Limited, a company incorporated in Malta with Company number (C88392) is licensed as a Class 3 Virtual Financial Assets Service Provider by the Malta Financial Services Authority.

In July 2021, secured a 10-year and $175 million sponsor deal with the Ultimate Fighting Championship (UFC). In November 2021, the company acquired the naming rights to Los Angeles’s Staples Center, renaming it Arena in a 20-year deal reported to be valued at US$700 million. Lately, it became the Official Sponsor of the FIFA World Cup Qatar 2022.

Due to the overwhelming number of dissatisfied customer reviews, we advise caution when using and place the company on our “Orange Compliance” list.
It should be said that the whole crypto industry is struggling with problems, so we also put on our watchlist.

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