VASPCheck

VASP Compliance Summary — Pionex

Pionex Global Ltd · Exchange · Singapore

Exported 2026-08-25

Data reviewed 2026-08-03

Overview

Compliance snapshot

Overall regulatory statusRegistered

EU MiCA statusNo EU authorization

US FinCEN MSB registration is the only substantive authorization
Order books aggregate liquidity from third-party venues
Trustpilot 3.3/5 · 1,320 reviews
No MiCA application published

High concern

Bot-trading venue whose only substantive registration is a US MSB filing; liquidity is aggregated from third-party exchanges and there is no EU authorization.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
United States	Financial Crimes Enforcement Network FinCEN · https://www.fincen.gov/msb-registrant-search	MSB registration	Registered	31000-1912-6603	2019-12-10

Reputation

Reputation scores

Trustpilot-style score3.3 / 5

Reviews1,320

App Store4.4

Google Play4.0

12-month trendflat

Press sentiment (12m)+3 / ~4 / −3

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-06-04	CoinDesk	Grid-bot venues gain retail traction Automated strategy products continued to attract retail flow.	Positive
2026-03-12	Reuters	Aggregated liquidity models questioned Analysts asked how aggregated order books handle counterparty failure.	Negative
2025-12-02	Bloomberg	Pionex adds independent reserve attestation A third-party attestation covered principal assets.	Positive
2025-08-19	Financial Times	Singapore tightens retail crypto marketing Operators adjusted promotional material to meet MAS guidance.	Neutral
2025-04-25	CoinDesk	Bot platform expands API tiers Institutional API access was introduced.	Neutral

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2024-07-30	Outage	—	Automated strategies paused for around four hours after an upstream liquidity feed failed.

Profile

Key facts

Founded2019

Websitepionex.com

Fiat currenciesUSD

Proof of reservesPartial

Custody modelOmnibus wallets with aggregated third-party liquidity

Legal entitiesPionex Global Ltd (SG) · Pionex US LLC (US)

Pionex

RegisteredNo EU authorizationESMA register

Pionex Global Ltd

Exchange🇸🇬 Singapore Founded 2019pionex.com

Visit website

Last reviewed

2026-08-03

Compliance snapshot

US FinCEN MSB registration is the only substantive authorization
Order books aggregate liquidity from third-party venues
Trustpilot 3.3/5 · 1,320 reviews
No MiCA application published

Overall concern

High concern

Bot-trading venue whose only substantive registration is a US MSB filing; liquidity is aggregated from third-party exchanges and there is no EU authorization.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇺🇸 United States	Financial Crimes Enforcement NetworkFinCEN	MSB registration	Registered	31000-1912-6603	2019-12-10

🇺🇸 United States
Registered
MSB registration
Financial Crimes Enforcement NetworkFinCEN
31000-1912-66032019-12-10

User signals

Reputation

Trustpilot-style score

3.3/ 5

3.3

1,320 reviews

Stable (12m)

App ratings

App Store: 4.4
Google Play: 4.0

Press sentiment (12m)

Positive3

Neutral4

Negative3

Media

Recent press

2026-06-04
Grid-bot venues gain retail tractionPositive
CoinDesk — Automated strategy products continued to attract retail flow.
2026-03-12
Aggregated liquidity models questionedNegative
Reuters — Analysts asked how aggregated order books handle counterparty failure.
2025-12-02
Pionex adds independent reserve attestationPositive
Bloomberg — A third-party attestation covered principal assets.
2025-08-19
Singapore tightens retail crypto marketingNeutral
Financial Times — Operators adjusted promotional material to meet MAS guidance.
2025-04-25
Bot platform expands API tiersNeutral
CoinDesk — Institutional API access was introduced.

History

Incidents & enforcement

2024-07-30Outage
Automated strategies paused for around four hours after an upstream liquidity feed failed.