- Founded
- 2022-01-01 in Vilnius, Lithuania
- Headquarters
- Vilnius, Lithuania
Fastex is a Web3 ecosystem headquartered in Vilnius, Lithuania, offering a suite of blockchain-based products including a centralized exchange, derivatives trading platform, NFT marketplace, and a metaverse called Fastex Verse. Founded in 2022 by Vigen Badalyan, the company operates its native FTN token for transactions and staking. Under CEO Vakhtang Abrahamyan, a former central bank regulator with over 25 years in financial compliance, Fastex emphasizes regulatory adherence and institutional-grade infrastructure. The ecosystem includes ftNFT for minting and trading digital collectibles, and a derivatives exchange for futures and options. Fastex has gained visibility through a partnership as the Official Crypto Partner for the Malta Premier League for the 2024/2025 and 2025/2026 seasons, signaling a push into sports and iGaming. In 2025, it partnered with easywallet to enable direct withdrawals, enhancing user accessibility. Despite its recent founding, Fastex has established a presence through strategic partnerships and a growing product suite, competing with larger exchanges like Binance and Coinbase by differentiating through integrated NFT and metaverse offerings and a regulatory-first approach.
Detailed Review
History and Founding
Fastex was founded in 2022 by Vigen Badalyan in Vilnius, Lithuania, though some sources suggest earlier origins in 2017. The company is bootstrapped and has not raised external venture capital.
Products and Platforms
The Fastex ecosystem comprises several interconnected products. Fastex Exchange is a centralized spot trading platform; its website (exchange.fastex.com) is currently unreachable but the platform remains operational with customer support via Hoory chat. The FTN token serves as the native utility for fees, staking, and governance. ftNFT is a marketplace for minting and trading non-fungible tokens. Fastex Verse is a metaverse platform for virtual interactions and events. The Derivatives Exchange offers futures and options for professional traders.
Partnerships and Presence
Fastex was named the Official Crypto Partner for the Malta Premier League for the 2024/2025 and 2025/2026 seasons, positioning itself in the sports and potentially gambling-related sponsorship space. In early 2025, the company launched an affiliate program to drive user acquisition, and later that year partnered with easywallet to enable direct withdrawals from the exchange.
Leadership and Team
The executive team is lean. CEO Vakhtang Abrahamyan brings over 25 years of central banking and regulatory compliance experience, having previously held senior roles in financial regulation. Founder Vigen Badalyan remains involved as a key figure. No other C-level executives (CTO, COO, CFO, CCO) have been publicly identified.
Licensing and Compliance
Fastex operates in Lithuania, which has a well-defined crypto licensing framework. The company may hold a Virtual Asset Service Provider (VASP) license or equivalent, but specific registration details are not confirmed in publicly available sources.
Market Position and Future Outlook
Fastex competes with Binance, Coinbase, and Kraken but differentiates through its integrated NFT and metaverse offerings and a regulatory-first approach under former central bank leadership. The Malta Premier League partnership signals ambitions to become a preferred crypto partner for the sports and iGaming industries.
Key Products
Fastex Exchange
A regulated cryptocurrency trading platform offering spot trading, fiat on-ramps, and institutional-grade security. Supports BTC, ETH, USDT, FAS, and other major assets.
Fastex Wallet
A self-custodial digital wallet enabling users to store, send, and receive supported cryptocurrencies.
Fastex Token (FAS)
The native utility token of the ecosystem, used for fee discounts, staking, and access to premium features.
Fastex Pay
A fiat-crypto payment gateway reportedly in development, intended to allow merchants and iGaming operators to accept crypto seamlessly.
Fastex Affiliate Program
Reward program for users who promote the Fastex platform.
FTN Token
Native utility token used for transaction fees, staking, and governance across the Fastex ecosystem.
ftNFT
Marketplace for minting, buying, and selling non-fungible tokens (NFTs).
Fastex Verse
Metaverse platform for virtual interactions, trading, and events.
Derivatives Exchange
Platform for trading crypto derivatives such as futures and options.
Key Persons
Vigen BadalyanFounder
- Vakhtang Abrahamyan
Chief Executive Officer (CEO)