What Amplify Exchange is
Amplify Exchange was a cryptocurrency exchange/brokerage project founded by Justin Tabb (previously the founder of the Substratum project) and launched on 3 December 2019 as a "hybrid" platform with commission-free trading. It promised banking integration, cold storage and insured custody "up to 100 million dollars" — promotional claims never independently verified. The project never reached meaningful scale: company profiles classify it as a firm without significant funding and without recent activity. As at the verification date the service is no longer operational: the domain amplifyexchange.com redirects to amplify.io, now a page offering that domain for sale. The exact closing date is not publicly documented. (Verified: October 2026)
Regulation and licences
- MiCA: NO — Amplify Exchange does not appear among the CASPs authorised in the EU and never appears to have held European licences. Since the service is inactive, the question is moot in any case: there is no platform to use. (Verified: October 2026)
Security
There are no documented hacks or security incidents, but also no independent audits of the insured custody claims. Context matters: the founder's previous project, Substratum, was the subject of strong public criticism over the management of funds raised in its ICO and ceased operations.
Alternatives
For those looking for an operational exchange authorised in the EU:
FAQ
- Is Amplify Exchange still active? No: the service is no longer operational and the official domain redirects to a page offering the domain amplify.io for sale (verification of October 2026).
- Was Amplify Exchange regulated in Europe? No: it never held EU authorisations and does not appear in the MiCA CASP register.
Verified sources
- https://www.crunchbase.com/organization/amplify-exchange
- https://tracxn.com/d/companies/amplify-exchange/__UEbVK1JH0aNROGfSNEty04G1yeCUN4dHgQo7tpVu
- https://techbullion.com/interview-justin-tabb-and-the-amplify-exchange/
