Security Token Platform Viability Checker
Check if a platform meets minimum trading requirements
According to industry standards, a security token platform must maintain $1 million in daily trading volume for at least 30 days to be considered active and viable. This tool helps you verify if a platform meets these criteria.
Minimum Requirement: $30,000,000 total trading volume (30 days × $1,000,000/day)
When you hear the name BEX Mauritius Block Exchange, it sounds impressive. "World’s first regulated active security token trading platform." That’s a bold claim. And yes, it’s true - the platform holds a license from Mauritius’s Financial Services Commission (FSC), license number GB22200392. But here’s the catch: having a license doesn’t mean people are using it.
What Is BEX Mauritius Block Exchange?
BEX Mauritius Block Exchange is a platform built for trading security tokens - digital representations of real-world assets like stocks, bonds, or real estate. Unlike Bitcoin or Ethereum, security tokens are legally tied to ownership rights under securities law. The platform says it lets issuers tokenize assets and lets investors trade them directly, 24/7, without middlemen. It’s not a typical crypto exchange like Binance or Coinbase. Those platforms trade coins. BEX trades tokens that are supposed to represent real value - like shares in a company or a piece of property. That’s the theory, anyway. The licensing part is real. Mauritius’s FSC issued this license in 2022, and according to their own records, it was the first ever granted for security token trading. That’s a big deal in regulatory terms. But regulation alone doesn’t make a platform functional.Is There Any Trading Activity?
This is where things fall apart. CoinMarketCap lists BEX as an "Untracked Listing." That’s not a minor label. It means the exchange doesn’t meet the minimum requirements for volume verification - typically, at least $1 million in daily trading volume over a 30-day period. BEX has zero tracked volume. No trading pairs are listed. No market data. No assets under management. Nothing. Compare that to tZERO, a U.S.-based security token platform that reported $1.2 million in monthly volume in Q2 2023. Or ADDX in Singapore, which managed over $1.5 billion in assets by the end of 2022. Even smaller platforms have public numbers. BEX has silence. If no one is trading on it, then what’s the point of the license? Regulatory approval without users is just paperwork. And in a market where institutional investors demand transparency, that’s a dealbreaker. A PwC survey from August 2023 found that 78% of institutional investors only use platforms with verifiable trading data. BEX doesn’t even have that.Security, Fees, and Features - The Missing Details
You’d expect a platform handling real financial assets to be open about how it protects them. But BEX doesn’t publish anything. - No fee schedule. Not a single percentage or flat rate listed anywhere. How much do you pay to trade? Deposit? Withdraw? Unknown. - No information on cold storage, encryption, or audit history. No mention of insurance for user funds. - No API documentation. No developer resources. No integration with major wallets like MetaMask or Ledger. - No public uptime stats. No system performance metrics. The platform’s website and CoinMarketCap profile use vague phrases like “simple, secure, transparent.” Those aren’t features. They’re marketing fluff. Most legitimate exchanges - even smaller ones - publish their security practices. Kraken details its multi-sig wallets. Coinbase shares its SOC 2 reports. BEX? Nothing.
Who’s Using It? No One, Apparently
Look for reviews. Go to Trustpilot. Check Reddit. Search BitcoinTalk. Try Google. You won’t find a single verified user review. Not one. That’s not normal. Even obscure exchanges have at least a few users who complain or praise them. BEX has a ghost town of feedback. Compare it to tZERO again. It has 45 verified reviews on Trustpilot, averaging 3.7 stars. People talk about their experiences - deposits taking too long, customer service being slow, interface glitches. That’s real. BEX? Silence. No success stories. No horror stories. Just emptiness. That’s not a sign of a quiet success. It’s a sign of no adoption.Why Does This Matter?
Security tokens are supposed to bring Wall Street onto the blockchain. They’re the bridge between traditional finance and crypto. But for that to work, you need liquidity - real people buying and selling. Without trading activity, a security token exchange is like a grocery store with no customers. The shelves are full, but no one’s shopping. The food will spoil. BEX claims to be revolutionary. But innovation without adoption is just noise. The global security token market was worth $12.8 billion in 2022 and is projected to grow. But BEX isn’t part of that growth. It’s not listed in any industry reports from Grand View Research, CB Insights, or MIT’s Digital Currency Initiative. Experts like Dr. Garrick Hileman of Blockchain.com have pointed out the red flag: regulatory approval without market activity raises serious questions about viability.Who Should Avoid BEX Mauritius Block Exchange?
If you’re looking for: - A place to trade security tokens - skip it. There’s nothing to trade. - A secure, transparent platform - look elsewhere. No data means no accountability. - A platform with customer support you can trust - you’re out of luck. No user reports mean no way to judge. - A platform that’s growing or active - this one isn’t. Its CoinMarketCap listing hasn’t changed since late 2022. Even if you believe in the idea of security tokens, BEX isn’t the place to test it.
What Are the Alternatives?
If you want to trade security tokens, here are actual working platforms:- tZERO - U.S.-based, regulated, has real volume, partnered with Coinbase for custody.
- ADDX - Singapore-based, $1.5B+ in assets under management, publishes quarterly reports.
- Swarm Markets - Germany-based, integrates with BitGo for institutional-grade security.
- Securitize - Works with major financial institutions, offers tokenization tools for companies.
The Bottom Line
BEX Mauritius Block Exchange has a license. That’s good. But it has no trading. No users. No transparency. No data. No reviews. No future. Regulation is important. But it’s not enough. A license doesn’t make a platform work. People do. Right now, BEX is a ghost. It’s not dead - it’s just not alive either. If you’re considering using it, wait. Watch. Look for trading volume. Look for user feedback. Look for any sign of real activity. Until then, treat it like a building with a fancy sign but no lights on inside. This isn’t a review of a failing platform. It’s a review of a platform that never started.What Could Change This?
If BEX suddenly started publishing: - Daily trading volume numbers - A clear fee structure - Verified user testimonials - Partnerships with wallets or institutions - A public roadmap or development updates …then it might be worth revisiting. But as of now, in November 2025, none of that exists. Don’t invest your time. Don’t deposit your money. Don’t even sign up. There’s nothing there to use.Is BEX Mauritius Block Exchange regulated?
Yes, BEX Mauritius Block Exchange holds a Securities Trading Systems License (GB22200392) from Mauritius’s Financial Services Commission (FSC), which was the first of its kind issued for security token trading. However, regulatory status alone doesn’t mean the platform is active or functional.
Does BEX have any trading volume?
No. BEX is listed as an "Untracked Listing" on CoinMarketCap, meaning it doesn’t meet the minimum threshold for volume verification - typically $1 million in daily trading. No trading pairs, no market data, and no assets under management are publicly available. This suggests little to no trading activity.
Are there user reviews for BEX Mauritius Block Exchange?
No verified user reviews exist on Trustpilot, Reddit, BitcoinTalk, or any major platform. The complete absence of user feedback is a major red flag. Legitimate platforms, even small ones, have at least some user experiences documented.
What are the security features of BEX?
BEX does not publicly disclose any security details - no information on cold storage, encryption protocols, insurance coverage, or audit history. Unlike exchanges like Kraken or Coinbase, which publish security reports, BEX offers only vague claims like "simple, secure, transparent," with no supporting evidence.
Should I invest in or use BEX Mauritius Block Exchange?
No. With zero trading activity, no transparency, no user feedback, and no public documentation, there’s no practical reason to use BEX. It’s not a scam in the traditional sense - it’s just inactive. Don’t risk your funds on a platform with no evidence of real operation.
What are better alternatives to BEX for trading security tokens?
Consider tZERO (U.S.), ADDX (Singapore), Swarm Markets (Germany), or Securitize. These platforms have verifiable trading volume, published financial reports, institutional partnerships, and user feedback. They operate transparently and are actively growing in the security token space.
