Tapbit

Tapbit is a derivatives-focused exchange founded in 2021 that centres on USDT-margined perpetual contracts with leverage up to 150 times. Pricing uses two reference sets, a multi-source index weighted from several major venues and a mark price that determines unrealised profit and liquidation levels, which reduces false triggers from brief spot wicks. Liquidation runs in stages: orders are cancelled to free margin, an insurance fund absorbs the remainder, and auto-deleveraging is the final step.

Copy trading maps positions by fixed amount, multiplier or ratio, with the matching engine filling copiers at the same price as the lead account, profit sharing of up to 40% for leads, and daily margin caps plus pair filters for copiers. Risk controls include a 50 million dollar insurance fund and one-to-one proof of reserves, while wallet segregation, two-factor authentication and live monitoring protect accounts, with KYC tiers setting limits.