1v1 Institutional Counterparty Comparison
bybit vs Shadow Exchange: Regulation, 6D Ratings & Safety Audit
Deterministic head-to-head benchmarking of bybit (bybit) and Shadow Exchange (Shadow Exchange) across primary regulatory filings, statutory Tier-1 authorisations, 6-Dimension compliance scores, execution software, and warning exposure.
Coverage: Crypto exchanges and digital-asset service providers
- bybit 6D Score
- 8.0
- Shadow Exchange 6D Score
- 2.3
- Regulated Licences
- 4 vs 0
- Warning Flags
- 0 vs 0
bybit outranks Shadow Exchange by +5.7 pts in composite 6D scoring (8.0 vs 2.3)
On supervisory breadth, bybit holds 4 active regulated licence(s) (0 Tier-1) out of 8 total filings and 0 warning count(s), whereas Shadow Exchange holds 0 active regulated licence(s) (0 Tier-1) out of 0 total filings and 0 warning count(s). Allocators should inspect the individual licence numbers and contracting legal entities below before onboarding.
6-Dimension Quantitative Scorecard Comparison
Head-to-head breakdown across all 6 proprietary evaluation dimensions (0.0–10.0 scale).
| Evaluation Dimension | Methodology Weight | bybit | Shadow Exchange | Score Delta | Dimension Leader |
|---|---|---|---|---|---|
| Overall Composite 6D Score | 100% Composite | 8.0 | 2.3 | +5.7 | bybit |
| Regulatory & Licensing Integrity (riskScore) | 30% Weight | 8.0 | 2.3 | +5.7 | bybit |
| Execution & Software Infrastructure (industryScore) | 20% Weight | 6.0 | 2.0 | +4.0 | bybit |
| User Reputation & Complaint Telemetry (userScore) | 20% Weight | 0.0 | 0.0 | 0.0 | Statistical Tie |
| Institutional Brand Longevity (brandScore) | 15% Weight | 8.0 | 2.3 | +5.7 | bybit |
| Global Market Influence & Footprint (influenceScore) | 15% Weight | 8.0 | 2.3 | +5.7 | bybit |
Visual Architecture Benchmark: bybit vs Shadow Exchange
Vector comparison exhibit generated from live supervisory snapshot metrics.
Regulatory Standing, Entity & Platform Comparison
Structural comparison of supervisory authorisations, domicile, execution terminals, and risk telemetry.
| Audit Attribute | bybit | Shadow Exchange |
|---|---|---|
| Primary Legal Name | bybit | Shadow Exchange |
| Source Risk Classification | Risk level not supplied | Risk level not supplied |
| Active Regulated / Total Filings | 4 regulated / 8 total (0 Tier-1) | 0 regulated / 0 total (0 Tier-1) |
| Recorded Certificate Numbers | FMA: Not suppliedVARA: Not suppliedCMB: Not suppliedNational Bank of Georgia (NBG): Not suppliedCYSEC: Not supplied | None on file |
| Registered Domicile / Address | 40A Orchard Road, Macdonald House, #03-01, Singapore 238838 | International |
| Offered Asset Classes & Services | Crypto spot trading, Derivatives contracts, Investment products | Trading |
| Execution Software & Terminals | Bybit Fintech Limited | Proprietary / Web Platform |
| Supported Client Languages | English, Simplified Chinese, Traditional Chinese, Japanese, Indonesian, Spanish, Filipino, Kazakh, Polish and other languages | English |
| Warning / Exposure Count | 0 recorded warning(s) | 0 recorded warning(s) |
| Specialized Sub-Page Audits |
Related 1v1 Institutional Comparisons
Compare bybit and Shadow Exchange against other regulated peers in our crypto exchanges and digital-asset service providers slice.
Frequently Asked Questions: bybit vs Shadow Exchange
Deterministic counterparty comparison answers derived from supervisory records.
Which institution has stronger regulatory oversight: bybit or Shadow Exchange?
bybit holds more active regulated filings (4 vs 0). Specifically, bybit maintains 8 total recorded filing(s) (FMA, VARA, CMB, National Bank of Georgia (NBG)) with 0 warning flag(s), whereas Shadow Exchange maintains 0 recorded filing(s) (none on file) with 0 warning flag(s). Always confirm the specific subsidiary onboarding your account on the official regulator register.
How do the 6D quantitative compliance scores compare between bybit and Shadow Exchange?
In Institutional Ledger's 6-Dimension scoring matrix (0.0–10.0 scale), bybit records an Overall Score of 8.0 (Risk & Licensing: 8.0, Brand: 8.0, Market Influence: 8.0, User Reputation: 0.0, Execution & Software: 6.0), compared with Shadow Exchange at 2.3 Overall (Risk & Licensing: 2.3, Brand: 2.3, Market Influence: 2.3, User Reputation: 0.0, Execution & Software: 2.0).
How do bybit and Shadow Exchange differ in trading platforms and asset classes?
bybit lists Crypto spot trading, Derivatives contracts, Investment products with execution software [Bybit Fintech Limited], while Shadow Exchange lists Trading with execution software [proprietary/web execution]. Counterparties should verify FIX/API connectivity, server routing topology, and negative balance protection per entity.
Which counterparty carries lower regulatory warning and complaint exposure: bybit or Shadow Exchange?
bybit carries a "Risk level not supplied" classification with 0 warning/exposure count(s) and 0 user comment(s), while Shadow Exchange carries a "Risk level not supplied" classification with 0 warning/exposure count(s) and 0 user comment(s).
Structured against supervisory register snapshots and public regulatory filings. Verify your contracting legal entity and current authorisation status directly on the issuing regulator’s official register before transacting.