# Hotbit

Hotbit is an other based in Tallinn, Estonia.

## Overview

- **Organization type:** other
- **Headquarters:** Tallinn, Estonia
- **Region:** Europe
- **Address:** Tallinn, Estonia
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** www.hotbit.io

## Regulatory record

- **Reports private funds:** No

## About

At Hotbit, our purpose is to help our clients build towards the extraordinary. We are a team of engineers, managers, and marketers—an ensemble for the modern era. We leverage our deep-rooted technological heritage and business acumen to adeptly tackle challenging, long-term engineering and complex business problems, amplify the results and propel business growth.

## Sectors

- Cryptocurrency
- Blockchain
- DeFi
- NFT
- Digital Assets

## Offices

- Hong Kong
- Singapore
- Seoul

## People

- Ming Guo — Founder & CEO

## Questions

### Who founded Hotbit and when?

Ming Guo founded Hotbit in 2017. The exchange launched as a centralized platform for spot and margin trading.

### Is Hotbit still operational in 2025?

No. Hotbit suspended all trading, deposits, and withdrawals on August 12, 2022. The platform has not resumed operations since that date.

### What products did Hotbit offer?

Hotbit offered spot trading on over 1,000 cryptocurrency pairs, margin trading with up to 10x leverage, and staking products. It was known for listing smaller-cap tokens not available on larger exchanges.

### Why did Hotbit suspend operations?

In August 2022, Hotbit cited a decline in user activity, market volatility, and operational challenges as reasons for suspending operations. The exchange did not disclose plans for a return.

### How many users did Hotbit have at its peak?

Hotbit reported over 4 million registered users across 170+ countries. Most users were retail traders, and the exchange had no disclosed institutional client base.

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Last updated: 2026-06-03T20:00:00.000Z

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