What Overbit is
Overbit was a margin trading platform registered in the Seychelles with offices in Singapore, founded by Chieh Liu. It offered cryptocurrency derivatives (leverage up to 100x), forex (up to 500x) and commodities, with a "Tier Points" loyalty programme. It is no longer operational: the platform suspended all activity on 2 November 2023, citing regulatory tightening and market conditions, inviting users to request withdrawal of their funds through a dedicated form. As of September 2026 the site www.overbit.com is no longer reachable (direct check by the editorial team) and the company's contact details, starting with the Singapore address and the support email, can no longer be verified.
Regulation and licences
(Verified: September 2026)
- MiCA: NO — Overbit does not appear in the ESMA register of authorised CASPs; the question is moot in any case given the 2023 closure.
- The platform operated from an offshore jurisdiction (Seychelles) without European licences: the type of operator that the MiCA regime, fully in force since 1 July 2026, has effectively excluded from the EU market.
- There is today no legitimate way to use Overbit; any active sites using this name are not the original platform and should be treated with the utmost caution.
Security
There are no documented hacks or breaches of customer funds during its operation. The November 2023 closure was presented as an orderly suspension with the possibility of withdrawing funds on request; no final account of the repayments is public.
Alternatives
For those looking for crypto derivatives with an EU-authorised operator:
FAQ
Does Overbit still exist? No: it suspended all activity on 2 November 2023 and as of September 2026 the site is no longer reachable (Verified: September 2026).
How do I recover any funds left on Overbit? At the time of closure the company had set up a withdrawal request form. With the site offline and the company's published contact details no longer verifiable, the prospects of recovery almost three years later are slim.
Verified sources
- https://www.webopedia.com/crypto/learn/cex-frozen-by-government/
- https://www.overbit.com/en/
- https://www.crunchbase.com/organization/overbit
- https://casptracker.eu/
HQ OF THE OVERBIT
120 Robinson Rd, Singapore 068913
CONTACTS OF THE OVERBIT
All images, branding and wording are copyright Overbit. All content on this page is used for informational purposes only. Spaziocrypto has no affiliation or relationship with the company mentioned on this page.
