## What Is LBank? LBank is a Hong Kong-based [centralized exchange](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex) (CEX) platform that was established in 2015, with offices in the British Virgin Islands, U.S., Australia and Canada. The platform allows users to buy and sell major crypto assets like [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC) and [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH) in over 50 [fiat](https://coinmarketcap.com/alexandria/glossary/fiat) currencies, with over 20 payment methods. The company has licenses from the National Futures Association, Australian Transaction Reports and Analysis Center and money services businesses in Canada. LBank products include: [spot](https://coinmarketcap.com/alexandria/glossary/spot-trading) and [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading), [crypto futures](https://coinmarketcap.com/alexandria/glossary/futures) and [options](https://coinmarketcap.com/alexandria/glossary/options-market), [staking](https://coinmarketcap.com/alexandria/glossary/staking), [non-fungible tokens](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) (NFTs) and [ETF](https://coinmarketcap.com/alexandria/glossary/exchange-traded-fund-etf) trading of crypto assets. Other services include [peer-to-peer](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) (P2P) transactions, grid trading, and flexible and locked deposits. ## Who Are the LBank Founders? The ecosystem was co-founded by Allen Wei and Eric He. Allen Wei was a former IT developer, and is currently the CEO of LBank. He was inspired to create his project by reading the white paper of Bitcoin and its blockchain. ## Where Is LBank Located? The exchange is based in Hong Kong, and owned and operated by Superchains Network Technology Co. Ltd. ## LBank Restricted Countries The exchange has almost 7 million users, accepts clients from over 200 regions. Since LBank is located in Hong Kong, legal restrictions may apply in some areas. ## What Coins Are Supported on LBank? The centralized cryptocurrency exchange supports over 120 cryptocurrencies and 180 trading pairs. The most notable crypto assets of the platform are [BTC](https://coinmarketcap.com/currencies/bitcoin/), [ETH](https://coinmarketcap.com/currencies/ethereum/), [LUNA](https://coinmarketcap.com/currencies/terra-luna-v2/), [MATIC](https://coinmarketcap.com/currencies/polygon/), [FTM](https://coinmarketcap.com/currencies/fantom/), [CRO](https://coinmarketcap.com/currencies/cronos/), [DOGE](https://coinmarketcap.com/currencies/dogecoin/) and more. ## How Much Are LBank Fees? The exchange charges a flat 0.10% [maker and taker fee](https://coinmarketcap.com/alexandria/glossary/market-maker-market-taker), and withdrawal fees vary from crypto to crypto. There is no deposit fee. ## Is It Possible To Use Leverage or Margin Trading on LBank? Exchange customers can trade [leveraged](https://coinmarketcap.com/alexandria/glossary/leverage) ETFs using the spot trading process. A leveraged ETF is a [derivative](https://coinmarketcap.com/alexandria/glossary/derivative) instrument. No margin is required. LBank supports 3X long leverage (3L) and 3X short leverage (3S). Users can also trade crypto [futures](https://coinmarketcap.com/alexandria/glossary/futures), including BTCUSDT, ETHUSDT, FILUSDT and more [perpetual](https://coinmarketcap.com/alexandria/glossary/perpetual-contracts) contracts with leverage of up to 125X. [Cross margin](https://coinmarketcap.com/alexandria/glossary/cross-margin) and [isolated margin](https://coinmarketcap.com/alexandria/glossary/isolated-margin) are available.
