All INX Exchange Review - In‑Depth Look at the Regulated Crypto & Security Token Platform
David Wallace 20 October 2025 1

INX Liquidity & Slippage Calculator

This tool estimates how much slippage you might experience when trading on INX versus larger exchanges due to its limited liquidity. Based on the article's data, INX typically has 0.5-1.0% bid-ask spreads compared to 0.1-0.2% on major exchanges.

INX exchange is a fully regulated digital‑asset trading platform that blends standard cryptocurrency markets with SEC‑registered security token trading. Launched after an $85 million IPO in 2020, the exchange operates under multiple SEC frameworks (Regulation ATS, Regulation D, Regulation A+, Regulation S) and holds a Distributed Ledger Technology licence from Gibraltar. Because of that regulatory moat, INX targets institutional investors and accredited traders who need a compliant way to buy, sell, and issue tokenised real‑world assets.

Why INX Exists - The Compliance‑First Value Proposition

Most crypto‑only exchanges shy away from security tokens because they fall under securities law. INX flips that script by partnering with BitGo Trust Company as its qualified custodian, using multi‑signature hot and cold wallets that meet Rule 206(4)‑2 standards. The result is a platform where you can trade Bitcoin, Ethereum, Litecoin, Avalanche, Zcash, Ripple and Solana alongside tokenised equities, real‑estate shares and private‑credit assets-all while staying inside the SEC’s legal boundaries.

Key Features & User Experience

  • 24/7 market access for both crypto and security tokens - a rarity for regulated securities.
  • Standard order types (limit, market, stop‑limit, stop‑market) powered by TradingView charts.
  • Fee payment in USD, BTC or ETH; exact fee tiers are not publicly disclosed but are comparable to other compliant platforms.
  • Mobile‑first design with iOS/Android apps that show a unified portfolio of crypto + security tokens.
  • KYC/AML process that adds an accreditation check for security‑token users, typically taking 3‑5 business days.

What You Can Trade on INX

As of October 2025, INX lists seven major cryptocurrencies and a growing roster of security tokens representing tokenised stocks, REITs, and private‑credit instruments. The platform’s roadmap promises to expand the crypto list to 15 coins and add staking for PoS assets by mid‑2026.

Performance & Liquidity - The Numbers That Matter

INX processes roughly $5‑7 million in daily volume, a fraction of Binance’s $15‑20 billion but typical for a niche, compliance‑driven exchange. The limited order book depth translates into bid‑ask spreads of 0.5‑1.0 % on most pairs, compared with 0.1‑0.2 % on the market leaders. During high‑volatility spikes, the platform’s sequential transaction processing can cause slight delays, a point highlighted by Dr. Sarah Chen of MIT’s Digital Currency Initiative.

Trader using INX mobile app beside BitGo vault and KYC accreditation desk.

How INX Stacks Up Against the Competition

Feature Comparison: INX vs. Coinbase vs. Binance
Feature INX Coinbase Binance
Regulatory status SEC‑registered ATS, Gibraltar DLT licence US‑registered, limited security token support Unregulated, no security tokens
Crypto assets offered 7 major coins (expanding to 15) 200+ coins 500+ coins
Security token trading Yes - SEC‑compliant No No
Margin / Futures None (conservative) Margin (US), Futures (limited) Leverage up to 125×, Futures
Daily volume (USD) $5‑7 M $1‑2 B $15‑20 B
Average spread 0.5‑1.0 % 0.2‑0.3 % 0.1‑0.2 %
Customer support 24/7 chat (≈12 min response), email (≈4.5 h) Email, phone (business hours) 24/7 live chat, ticket system

Pros & Cons - Quick Takeaway

  • Pros
    • Full SEC registration - peace of mind for institutions.
    • 24/7 trading of security tokens, a first in the market.
    • Robust custody via BitGo, meeting high‑security standards.
    • Unified portfolio view for crypto and tokenised assets.
  • Cons
    • Limited crypto selection compared with mainstream exchanges.
    • No margin, futures, or leverage products.
    • Liquidity gaps lead to higher slippage on large orders.
    • Sequential processing can slow order execution under stress.

Real‑World Use Cases

Financial advisors like the Reddit user “CryptoComplianceGuy” recommend INX for clients who want tokenised stock exposure without leaving the regulated environment. Real‑estate platforms such as RealT have launched tokenised property offerings on INX, letting investors buy fractional shares of rental assets. Private‑credit firm Goldfinch used INX’s issuance engine to raise capital via a security token, handling the entire SEC filing process through the platform.

Getting Started - Step‑by‑Step Walkthrough

  1. Visit INX.co and click “Register”.
  2. Complete the standard KYC (photo ID, proof of address). If you plan to trade security tokens, upload accreditation documents (e.g., wealth statement, investment‑professional certificate).
  3. Wait 3‑5 business days for verification. Most users report a 45‑60 minute setup time once approved.
  4. Deposit funds - you can wire USD, or send BTC/ETH from an external wallet.
  5. Navigate to the “Markets” tab. Select a crypto pair (e.g., BTC/USD) or a security token (e.g., Tokenised Apple AAPL).
  6. Choose order type, set price/size, and confirm. The order will appear on the order book instantly.
  7. Track your holdings on the “Portfolio” page, which aggregates crypto and tokenised assets side‑by‑side.
Institutional investors viewing holographic tokenised assets and future roadmap.

Security & Custody Details

The platform relies on BitGo Trust for custodial services, employing multi‑signature wallets that satisfy Rule 206(4)‑2. Hot wallets are used for immediate withdrawals, while the majority of funds sit in cold storage with air‑gapped hardware modules. INX undergoes annual SOC 2 Type II audits, and its AML engine is powered by Chainalysis, helping detect illicit activity before it reaches the ledger.

Future Roadmap - What’s Coming Next?

INX announced an Avalanche integration in August 2025 to boost transaction throughput and reduce latency. By Q2 2026, the exchange plans to launch a FIX‑protocol API for institutional algo‑trading, expand crypto listings to fifteen coins, and roll out staking for PoS assets such as AVAX and SOL. Analysts at Delphi Digital expect the security‑token market to grow at 38.7 % CAGR through 2030, positioning INX to capture a larger slice of a high‑margin niche.

Bottom Line - Is INX the Right Choice for You?

If you are an accredited investor, a fintech firm, or a traditional institution that needs a compliant gateway into tokenised assets, INX offers a unique blend of regulatory certainty and dual‑market access. Retail traders looking for deep liquidity, a wide alt‑coin menu, or high‑leverage products will likely feel constrained. The platform’s strength lies in its compliance framework, not in raw trading volume.

Frequently Asked Questions

Is INX available to non‑US residents?

Yes. While the platform is SEC‑registered, it accepts users from most jurisdictions except those on U.S. sanctions lists. International users still need to satisfy KYC and, for security tokens, accreditation requirements.

Can I trade Bitcoin with leverage on INX?

No. INX focuses on spot trading and does not offer margin, futures, or perpetual contracts. The platform aims to keep the compliance surface low.

What fees does INX charge for security‑token issuance?

Issuance fees range from 3 % to 7 % of the total offering size, depending on the complexity of the token and the regulatory work required. Trading fees are tiered but not publicly detailed; they are competitive with other regulated venues.

How secure is my crypto on INX?

INX uses BitGo’s custodial solution, with multi‑signature hot and cold wallets, SOC 2 Type II audits, and Chainalysis AML monitoring. These measures meet or exceed industry standards for institutional custody.

What is the typical onboarding time?

Standard KYC takes 1‑2 days. Adding accreditation verification for security‑token access extends the process to 3‑5 business days. Most users finish the whole setup in under an hour once approved.