Company Information

Get to know BGOGO

BGOGO was launched in 2018 as a digital asset exchange designed to be "by the community, for the community." Its key differentiating features included a governance model where 21 "supernodes," composed of leading blockchain VCs, had the authority to list one cryptocurrency each. The platform also implemented a "trade-to-mine" mechanism with 105% trading fee rebates paid in its native BGG token and a token buyback-and-burn program funded by platform fees. Despite initial hype and high trading volumes, the platform's activity and reputation declined sharply after 2019 amidst community accusations and operational issues, and it is now considered inactive.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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BGOGO

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.