Review on B2BX by Fabrizio Zampieri
B2BX's mission is to give new brokers and exchanges a way to access liquidity…
B2BX's mission is to give new brokers and exchanges a way to access liquidity. Today, it’s difficult for a new broker to launch online ana customers prefer to choose a broker with higher liquidity over a broker with lower liquidity.
B2BX is an exchange aggregator of cryptocurrency liquidity for marginal trading, trading with physical delivery, and distribution of liquidity to brokerage companies. Its aim is providing a pool of liquidity connecting the marketplace across multiple exchanges.
The company is focusing exclusively on institutional clients, which includes stock exchanges, cryptocurrency exchanges, forex brokers, cryptocurrency brokers and exchanges, and other professional market participants. B2BX will integrate with the most popular trading platforms available today in the market, including MetaTrader 4, MetaTrader 5, PrimeXM Trader, FX Inside, C-Trader, etc.., through gateways, bridges, and open APIs.
The beneficiaries of the B2BX platform will be financial institutions and retail customers. B2B customers (institutional companies) will be provided with a deeper cryptocurrency market due to the fact that multiple exchanges are on one platform, while Customers will be able to trade cryptocurrencies from any usual broker, stock exchange, and exchanger.
B2BX’s team is composed of 35 professional specialists that are located in 3 different countries. Founder and CEO is Artur Azizov, COO Evgeniya Mykulyak, CTO Vlad Posivenko, and CFO Olga Tkachenko.
The company was founded in 2014 (launching of White Label MT4/MT5 and Traders Room for brokers). The Russia-based company (St. Petersburg headquarter) launched B2BX in 2017.
B2BX’s token is also called B2BX. It’s an ERC 20-compliant token built on Ethereum.
Pros
- The B2BX aggregator offers three features: 1) Physical Delivery Exchange (Trades will be carried out under the Japanese license JFSA. Under this regulatory system, Japanese companies can use Bitcoin and Ethereum for mutual settlements with each other). 2) Marginal Trading (B2BX is using a company with a Vanuatu license to aggregate and distribute liquidity. B2BX plans to allow customers worldwide to connect to their aggregator and access liquidity by signing up for various licenses, including CySEC -Cyprus-, FCA -UK-, and ASIC -Australia-). 3) Exchanging Cryptocurrencies (Institutional clients will be able to exchange cryptocurrencies for other cryptocurrencies under Singapore law).
Cons
- B2BX is a young project so there is still a lot of work to do.
