VASPCheck

VASP Compliance Summary — Deepcoin

Deepcoin Ltd · Exchange · Singapore

Exported 2026-08-25

Data reviewed 2026-07-30

Overview

Compliance snapshot

Overall regulatory statusNot licensed

EU MiCA statusNo EU authorization

No EU, UK or US exchange authorization disclosed
Copy-trading and perpetual contracts dominate activity
Trustpilot 2.9/5 · 380 reviews
No independent reserve attestation published

High concern

Derivatives-focused venue operating from offshore entities with no tier-one authorization and minimal public disclosure of reserves or governance.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
Seychelles	Financial Services Authority Seychelles FSCA · https://fsaseychelles.sc/regulated-entities	VASP registration	Registered	VASP-SC-2021-052	2021-12-02
United States	Financial Crimes Enforcement Network FinCEN · https://www.fincen.gov/msb-registrant-search	MSB registration	Registered	31000-2203-7761	2022-03-30

Reputation

Reputation scores

Trustpilot-style score2.9 / 5

Reviews380

App Store4.0

Google Play3.6

12-month trendflat

Press sentiment (12m)+2 / ~4 / −4

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-06-02	CoinDesk	Deepcoin grows copy-trading base Leaderboard following increased across contract markets.	Neutral
2026-03-05	Reuters	Retail derivatives scrutiny widens Supervisors questioned leverage offered to retail clients.	Negative
2025-12-11	Bloomberg	Venue adds insurance-fund reporting Balances were disclosed weekly for the first time.	Positive
2025-09-23	Financial Times	Offshore derivatives access restricted Additional markets were geo-blocked following supervisory contact.	Negative
2025-05-08	CoinDesk	Deepcoin upgrades matching engine Latency improvements were reported after an infrastructure change.	Neutral

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2025-09-23	Enforcement	—	Supervisory contact in two markets led to geo-blocking of local retail users.
2023-10-17	Outage	—	Contract settlement delayed for around three hours after an oracle feed failure.

Profile

Key facts

Founded2018

Websitedeepcoin.com

Fiat currenciesUSD

Proof of reservesNo

Custody modelOmnibus wallets with self-funded insurance fund

Legal entitiesDeepcoin Ltd (SG) · Deepcoin Global Ltd (SC)

Deepcoin

Not licensedNo EU authorizationESMA register

Deepcoin Ltd

Exchange🇸🇬 Singapore Founded 2018deepcoin.com

Visit website

Last reviewed

2026-07-30

Compliance snapshot

No EU, UK or US exchange authorization disclosed
Copy-trading and perpetual contracts dominate activity
Trustpilot 2.9/5 · 380 reviews
No independent reserve attestation published

Overall concern

High concern

Derivatives-focused venue operating from offshore entities with no tier-one authorization and minimal public disclosure of reserves or governance.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇸🇨 Seychelles	Financial Services Authority SeychellesFSCA	VASP registration	Registered	VASP-SC-2021-052	2021-12-02
🇺🇸 United States	Financial Crimes Enforcement NetworkFinCEN	MSB registration	Registered	31000-2203-7761	2022-03-30

🇸🇨 Seychelles
Registered
VASP registration
Financial Services Authority SeychellesFSCA
VASP-SC-2021-0522021-12-02
Verify at source
🇺🇸 United States
Registered
MSB registration
Financial Crimes Enforcement NetworkFinCEN
31000-2203-77612022-03-30
Verify at source

User signals

Reputation

Trustpilot-style score

2.9/ 5

2.9

380 reviews

Stable (12m)

App ratings

App Store: 4.0
Google Play: 3.6

Press sentiment (12m)

Positive2

Neutral4

Negative4

Media

Recent press

2026-06-02
Deepcoin grows copy-trading baseNeutral
CoinDesk — Leaderboard following increased across contract markets.
2026-03-05
Retail derivatives scrutiny widensNegative
Reuters — Supervisors questioned leverage offered to retail clients.
2025-12-11
Venue adds insurance-fund reportingPositive
Bloomberg — Balances were disclosed weekly for the first time.
2025-09-23
Offshore derivatives access restrictedNegative
Financial Times — Additional markets were geo-blocked following supervisory contact.
2025-05-08
Deepcoin upgrades matching engineNeutral
CoinDesk — Latency improvements were reported after an infrastructure change.

History

Incidents & enforcement

2025-09-23Enforcement
Supervisory contact in two markets led to geo-blocking of local retail users.
2023-10-17Outage
Contract settlement delayed for around three hours after an oracle feed failure.