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LBank

Not licensedNo EU authorizationESMA register

LBK Blockchain Co. Ltd

Exchange🇻🇬 British Virgin Islands Founded 2015lbank.com
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Last reviewed
2026-08-05

Compliance snapshot

  • No EU, UK or US exchange authorization disclosed
  • BVI parent with limited public entity information
  • Trustpilot 2.6/5 · 890 reviews
  • Repeated third-party questions on reported trading volumes
Overall concern
High concern

Offshore venue with minimal disclosed licensing, opaque corporate structure and persistent questions over reported volumes.

Regulatory

Licenses & registrations

  • 🇻🇬 British Virgin Islands
    Not licensed
    Company registration (no financial services licence)
    BVI Financial Services CommissionFSC
    BVI-18934422015-11-04
    Verify at source
  • 🇺🇸 United States
    Registered
    MSB registration
    Financial Crimes Enforcement NetworkFinCEN
    31000-2304-55102023-04-06
    Verify at source
User signals

Reputation

Trustpilot-style score
2.6/ 5
2.6
890 reviews
Declining (12m)
App ratings
App Store
3.8
Google Play
3.4
Press sentiment (12m)
Positive2
Neutral3
Negative6
Media

Recent press

  • 2026-06-09
    Volume reporting at mid-tier venues questioned againNegative

    CoinDesk — Research flagged inconsistencies between order-book depth and reported turnover.

  • 2026-03-19
    LBank adds fiat on-ramp partnersNeutral

    Reuters — Third-party card processors were added for European users.

  • 2025-12-15
    Supervisors list offshore venues serving EU residentsNegative

    Financial Times — LBank appeared on two national warning lists.

  • 2025-08-28
    Listing fees at smaller exchanges under scrutinyNegative

    Bloomberg — Token issuers described high paid-listing costs across mid-tier venues.

  • 2025-05-02
    Exchange publishes partial reserve snapshotNeutral

    CoinDesk — A self-reported wallet snapshot covered three assets.

History

Incidents & enforcement

  1. 2025-12-15Enforcement

    Included on national supervisory warning lists for unauthorized solicitation of residents.

  2. 2024-06-11Outage

    Withdrawals halted for around 12 hours citing wallet maintenance.