What SIBEX is
SIBEX was a Swiss start-up founded in Zug in March 2019 and led by chief executive Daniel Haudenschild, with offices in China and Hong Kong as well. It developed peer-to-peer over-the-counter (OTC) trading software: users exchanged bitcoin, ether, USDT and ERC-20 tokens directly with one another, through atomic swaps between different blockchains and with no intermediaries holding the funds. It was aimed mainly at professional traders and institutional investors and promised to limit front-running, that is, the exploitation of other people's orders by those who see them in advance. In October 2019 it announced a seed round of 1.78 million Swiss francs with Fenbushi Capital, the Swiss stock exchange group SIX and Accomplice VC; in December 2019 it added trading in PAX Gold, the gold-linked token from Paxos. There is no record of any token of its own or of an ICO.
Regulation and licences
(Verified: October 2026)
- MiCA: NOT APPLICABLE — SIBEX ceased operating before MiCA began to apply, was based in Switzerland and does not appear in the ESMA register of CASPs.
- No licences from financial authorities were found in SIBEX's name; no blocking order from CONSOB (Italy's securities regulator) and no warning on the lists of FINMA (Switzerland) and the FCA (United Kingdom).
Security
As designed, the platform did not hold funds in custody: trades took place directly between the parties and each user kept their keys on their own trading server. There are no significant public incidents on record (Verified: October 2026). Since 2023 the sibex.io domain has hosted content unrelated to the project and it is now up for sale: neither the website nor the info@sibex.io address should be used.
Headquarters and contacts
- SIBEX AG, a company limited by shares based in Zug (CHE-174.220.144), registered in March 2019 care of Mercandor AG (Unter Altstadt 28), and from May 2021 at Bahnhofstrasse 32. In April 2022 the commercial register called on it to remedy deficiencies in its organisation; dissolved in November 2022, it was struck off in November 2025 (Zefix and SOGC, consulted on 26 October 2026).
- No official website.
Alternatives
For anyone looking for a similar service that is operating and authorised in the EU:
- Kraken — MiCA authorisation in Ireland (June 2025)
- Bitstamp — MiCA authorisation in Luxembourg (May 2025)
FAQ
Does SIBEX still exist? No: the platform is not active and the company SIBEX AG was struck off the Zug commercial register in November 2025. (Verified: October 2026)
Does the sibex.io website still belong to SIBEX? No: since 2023 it has hosted content unrelated to the project; re-registered in August 2025, it now redirects to a sales page. (Verified: October 2026)
Verified sources
- https://www.zefix.ch/it/search/entity/list/firm/1386616
- https://www.shab.ch/#!/search/publications/detail/29e84208-3535-4ab1-9844-083dddc513c4
- https://www.shab.ch/#!/search/publications/detail/0d53657a-ad0c-4528-aba9-b5f06b477d21
- https://www.shab.ch/#!/search/publications/detail/7e96bc42-4ccb-4772-8ac3-3ebaaccb8fc5
- https://www.shab.ch/#!/search/publications/detail/d1e6f4c3-46ed-4c9d-84fe-eae4de9b6394
- https://web.archive.org/web/20201101113443/https://sibex.io/
- https://www.startupticker.ch/en/news/chf-1-8-million-for-the-crypto-trading-platform-sibex
- https://www.financemagnates.com/cryptocurrency/news/sibex-taps-paxos-gold-backed-token-to-
