Search Coinbar and you get results for three different things that share a name: an Italian crypto exchange, a merchant payments product, and a token called CBPAY. They are related, and they are not the same, and the third one behaves nothing like the first two suggest.
Checked July 30, 2026. Company facts are from Coinbar’s own materials and third-party company records; token data is from CoinGecko and DexScreener.
The company
Coinbar was founded in 2017 and is based in Rome. It describes itself as the first Italian exchange built for the crypto sector, and there is a literal bar attached to the story — a physical venue in Rome where the local crypto community meets and can pay in crypto, which is where the name comes from. That detail is unusual enough to be worth stating plainly: most exchanges are not also a café.
Beyond the trading platform, the company’s notable product is CoinbarPay, a point-of-sale application for physical and online merchants that accepts crypto payments and converts them to euros at the moment of the transaction. That instant-conversion design is the sensible architecture for merchant acceptance: the merchant never carries price risk, which is the objection that killed most earlier attempts at crypto retail payments.
On the compliance side, Coinbar is registered with Italy’s OAM — the Organismo Agenti e Mediatori — under registration number PSV16, and is a named Chainalysis customer for transaction monitoring.
The regulatory position, and why it matters to a user
Two things are true at once here, and both matter.
Coinbar has been working toward full MiCAR authorisation, the European regime that replaced the patchwork of national crypto registrations. Separately, as of October 31, 2025, crypto services are provided through Bit2Me, an exchange authorised under MiCA and registered with ESMA.
“Services provided through a partner” is a structure worth understanding before you open an account anywhere, not just here. The questions to answer, from the platform’s own documentation:
- Which legal entity holds your assets, and under which authorisation?
- Which entity is your counterparty in a dispute, and which regulator supervises it?
- Whose protections apply if the front-end brand and the licensed operator are different companies?
- What happens to your balance if the arrangement between them ends?
None of that implies anything is wrong. Brand-plus-licensed-operator is a common and legitimate structure across European fintech. It does mean the answer to “who am I actually dealing with” is not the logo on the page, and a user who cannot answer it has not finished reading the terms.
CBPAY, by the numbers
The token is where the picture diverges sharply from the company. CoinGecko, July 30, 2026:
- Chain: Arbitrum One, contract
0xd6cf874e24a9f5f43075142101a6b13735cdd424 - Price: $0.0000665
- Market cap: $244.8k — ranked around #4,421
- Fully diluted valuation: $2.66M
- Circulating supply: 3.68B of a 40B maximum — about 9%
- All-time high: $0.00137 on November 25, 2024 — about 95% below it now
- 24-hour volume: $17.04
That last figure is not a typo, and it is the most informative number on the page. Seventeen dollars of trading across every venue an aggregator tracks means there is effectively no market. We also queried DexScreener for that contract on the same day and found no indexed liquidity pools at all.
What that means practically: a quoted price with no volume behind it tells you what the last small trade happened to print, not what you could sell at. At this depth, price impact on any order of consequence would exceed the position’s value, and a $244.8k “market cap” is an arithmetic product of supply and a stale quote rather than a measure of anything. Note also the 9% circulating share — roughly 36 billion tokens sit outside the float.
A functioning payments business and an illiquid token are not a contradiction. They are simply two separate propositions, and the health of the first is not evidence about the second.
What we could not verify
We did not obtain Coinbar’s current fee schedule, spreads, fiat-funding methods, withdrawal costs or custody arrangements, and we did not test the platform. We have not verified the present status of its MiCAR application, nor the contractual detail of the Bit2Me arrangement. Nothing here is a review of the exchange’s service quality — for venues where we have read the published fee tables, see our exchange comparison.
If you are choosing a venue in Italy
- Confirm which entity is authorised, under which regime, and check the register yourself rather than the marketing page.
- Get the total cost of a round trip — taker fee plus spread plus withdrawal — not the headline commission. The spread is usually the larger number.
- Check that euro funding and withdrawal work in both directions before moving size through.
- Treat any platform token as a separate decision from the platform. Judging one by the other is how people end up holding an asset with $17 of daily volume.
- Turn on the security settings the day you open the account, not after something happens — see our exchange security checklist.
Nothing here is financial advice. We hold no position in any token named on this page. See our risk disclaimer.