Centralized Exchanges · Review
ActiveHibt Review 2026: Licensed CEX With 125x Futures
Hibt, formerly HotsCoin, is a centralized crypto exchange offering spot, futures, copy trading and earn products. It says it holds Canadian, US and Australian licences, but public sources give no fee table or audit details.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.3/10
Mixed
Our verdict on Hibt
6.3/10Hibt suits traders who want a single exchange covering spot, futures, copy trading and short-term event contracts, and who will check its licence claims themselves. Its main strength is the breadth of products and the compliance pages it publishes. The main caveats are that it is custodial, has no listed audits or proof of reserves, and publishes no fee table on its homepage. Beginners should start small and avoid high leverage.
Score breakdown
How Hibt scores
- Security
- 5.5/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- 7.5/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Hibt?
Hibt, formerly HotsCoin, is a centralized crypto exchange. DefiLlama describes it as a digital asset trading platform registered in Canada in 2021, with a team of more than 200 people and over 3 million users worldwide. Those figures come from the platform's own description and are not independently verified.
The product range covers spot trading, futures, copy trading, earn products and event contracts. The homepage also highlights a rewards center and offers of up to 1,000 USDT for completing tasks. The company promotes itself heavily in Southeast Asia, with events in Indonesia, Vietnam and Thailand.
DefiLlama tracks roughly $18.0 million in TVL, down 2.3% over seven days, across Tron, Ethereum and Bitcoin. It lists no audits and no token. The homepage cites Canadian and US MSB registrations and an Australian AFSL, but public sources give no registration numbers.
How Hibt works
Hibt is a centralized exchange. You create an account and deposit crypto or buy it through the platform. Hibt holds the funds and records your balance on its internal ledger. Trades match inside the exchange, not directly on a blockchain.
On spot markets you swap one coin for another. On futures markets you trade contracts that track a price, optionally with leverage, which multiplies both gains and losses. Event contracts are simpler: you choose whether a price goes up or down within a fixed time and get a set payout if you are right.
The DefiLlama listing shows the exchange's on-chain wallet holdings on Tron, Ethereum and Bitcoin. It lists no native token.
7 features
Key features
01
Spot trading
The homepage says more than 700 cryptocurrencies are available, with low trading fees. A third-party listing counts 441 coins and 456 pairs, so the number varies by source.
02
Leveraged futures
USDT-M and Coin-M futures are offered with up to 125x leverage, according to the homepage.
03
Event contracts
Users predict up or down on assets like BTC, ETH and gold over short durations. The payout rate and settlement rules are shown before ordering.
04
Copy trading
A Copy Trading section lets users follow other traders. Details of how it works are not public.
05
Earn products
Earn products are listed under Financial, pitched as a way to grow holdings. Rates and terms are not published publicly.
06
Mobile apps and API
The platform offers iOS and Android apps, including an APK download and TestFlight, plus an API and OpenAPI for developers.
07
Rewards and competitions
A Rewards Center and HiBT Arena trading competitions are promoted, and the homepage advertises sign-up rewards of up to 1,000 USDT for completing tasks.
Pros and cons
What we like
- Wide product range: spot, futures, copy trading, earn and event contracts in one platform.
- The homepage states more than 700 coins and low trading fees.
- The platform says it holds Canadian MSB, US MSB and Australian AFSL licences, and its footer links to a licence jurisdiction page.
- Mobile apps for iOS and Android plus an API for developers.
- Compliance pages are published, including AML/CFT policies and a law enforcement request guide.
- Around $18.0 million of on-chain holdings tracked by DefiLlama across Tron, Ethereum and Bitcoin.
Watch out for
- No third-party audits are listed on DefiLlama, and public sources include no proof-of-reserves report.
- Custodial model: users hand over coins to the exchange and carry counterparty risk.
- Up to 125x leverage and short-term event contracts are high-risk products for inexperienced traders.
- Fee schedules are described only as low and are not published on the homepage.
- Licence claims come from the platform's own pages, and public sources give no licence numbers. Readers should verify them with the regulators.
- Review coverage is thin; one customer-review page shows only 7 contributors.
Hibt fees
Hibt describes its fees as low, but the project does not include a fee schedule. Maker and taker rates, futures funding rates and withdrawal fees are not stated.
Users should check the fee page and each trading pair's details in the app before placing orders. Event contracts show a payout rate and estimated return before you confirm.
Is Hibt safe?
Hibt is custodial, so your assets are exposed to the exchange's solvency, security and operations. DefiLlama lists no audits, and public sources include no proof-of-reserves report or incident history. Treat the on-chain TVL as a partial indicator, not a guarantee.
The homepage cites a Canadian MSB licence from FINTRAC, an Australian Financial Services Licence from ASIC and a US MSB registration with FinCEN. An MSB registration is mainly an anti-money-laundering registration and does not by itself mean customer funds are protected. Confirm each claim on the regulator's own register, and check whether the exchange can serve your country.
Use two-factor authentication, keep only trading funds on the platform and withdraw the rest to your own wallet. Futures and event contracts can lose money quickly.
6 steps
How to get started with Hibt
- 1
Check that Hibt is available in your country and that its licences are valid by looking at the regulators' registers.
- 2
Sign up with an email address and an optional referral code, then complete identity verification if required.
- 3
Turn on two-factor authentication and set up any anti-phishing protections the app offers.
- 4
Deposit crypto or use the Buy crypto option, starting with a small amount.
- 5
Place a small spot trade first, and check the fee shown before confirming.
- 6
Avoid high leverage and event contracts until you understand liquidation and payout rules.
Who Hibt is for
Hibt fits active traders, especially in Asia-Pacific markets where it markets itself, who want spot, futures and copy trading in one place. It is less suited to users who want self-custody, audited smart contracts or fully published fee schedules. Check that it is available and legal in your jurisdiction first.
Hibt FAQs
What is Hibt?
Hibt is a centralized crypto exchange. It offers spot trading, futures, copy trading, earn products and short-term event contracts. DefiLlama says it was formerly called HotsCoin and was registered in Canada in 2021.
Is Hibt licensed?
The homepage lists a Canadian MSB licence from FINTRAC, an Australian Financial Services Licence from ASIC, and a US MSB registration with FinCEN. These are the platform's own claims, and public sources give no licence numbers. Check them on the regulators' public registers before depositing.
Does Hibt offer futures and leverage?
The homepage promotes up to 125x leverage, with USDT-margined and Coin-margined futures. High leverage can wipe out a position quickly, so it suits only experienced traders who understand liquidation risk.
Do I need to verify my identity on Hibt?
The homepage says registration is free, and it describes account verification as part of setup. Exact KYC tiers, limits and withdrawal rules are not public, so read the terms of service and the help centre before funding an account.
What is Hibt's TVL and which chains does it use?
DefiLlama tracks about $18.0 million in TVL for Hibt, with wallets on Tron, Ethereum and Bitcoin. DefiLlama lists no audits and no native token. Because the exchange is custodial, this figure shows on-chain holdings but does not prove solvency.
What are Hibt event contracts?
Event contracts let you predict whether an asset such as BTC, ETH or gold will rise or fall over a short period. The homepage says no leverage or margin is needed, and the direction, duration and payout rate are shown before you order. Treat them as high-risk, since they resemble betting on price direction.
Compare
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How we checked
Sources
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