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.
How INX Stacks Up Against the Competition
| 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
- Visit INX.co and click “Register”.
- 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).
- Wait 3‑5 business days for verification. Most users report a 45‑60 minute setup time once approved.
- Deposit funds - you can wire USD, or send BTC/ETH from an external wallet.
- Navigate to the “Markets” tab. Select a crypto pair (e.g., BTC/USD) or a security token (e.g., Tokenised Apple AAPL).
- Choose order type, set price/size, and confirm. The order will appear on the order book instantly.
- Track your holdings on the “Portfolio” page, which aggregates crypto and tokenised assets side‑by‑side.
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.
Jon Miller
October 20, 2025 AT 09:10Wow, INX really knows how to make a splash in the compliance world! The fact that they blend crypto with SEC‑registered security tokens is pretty wild, and it feels like a new era for institutional traders. I love that they’ve got 24/7 access – no more waiting for markets to open. Their partnership with BitGo adds an extra layer of security that makes me feel comfortable depositing big‑time funds. Overall, it's an exciting platform for anyone who wants legit trading without the usual gray‑area headache.