What Velo Trust is
Velo Trust described itself as a "boutique" crypto exchange platform headquartered in London: instant swaps across more than 100 cryptocurrencies and tokens in roughly 10 minutes via the web, with no fiat on-ramp and no mobile app, and with declared roots as an escrow and OTC service dating back to 2014. Independent information has always been scarce: a handful of Trustpilot reviews (around twenty, mixed in tone), a bare-bones Crunchbase profile and reviews from comparison sites that flagged, among other things, the absence of two-factor authentication. The velotrust.com domain no longer hosts any platform. According to the domain registry it had been registered again on 15 September 2025, after the original registration had lapsed; in September 2026 it showed a parking page and at the end of October 2026, with the new registration also expired, it no longer responds. The service must be considered non-operational. (Verified: October 2026 — direct check by the editorial team and domain registry)
Regulation and licences
- MiCA: NO — no CASP authorisation in the name of Velo Trust appears in public sources, nor any other known licence (FCA or equivalent).
- Current status: service unreachable. No official closure announcement was found: the website simply no longer exists. (Verified: October 2026)
- For users in the EU: even when it was online, Velo Trust was not an entity authorised to operate in the EU under MiCA.
Security
There are no documented hacks, but neither are there audits, proof of reserves or verifiable safeguards: even while operating, the platform did not offer 2FA according to industry reviews. The useful lesson for readers is a general one: a service with a minimal public footprint, which can vanish without any announcement, is the opposite of the counterparty profile that the post-2026 MiCA framework allows you to choose.
Alternatives
- Kraken — regulated exchange with a MiCA licence via Ireland
FAQ
Is Velo Trust still active? Apparently not: as of October 2026 the velotrust.com domain has expired and does not respond, and no closure statement has been found. Beware of any sites that may reappear under this name in the future: they would have no ties to the original service. (Verified: October 2026)
Was Velo Trust regulated? Public sources show no licence: neither MiCA/CASP in the EU nor any known authorisation in the United Kingdom, where it claimed to be headquartered.
Verified sources
- https://www.trustpilot.com/review/velotrust.com
- https://www.crunchbase.com/organization/velo-trust
- https://tradingplatforms.com/velo-trust-review/
