Crypto Exchange B2BX Secures Full Regulatory Approval In Estonia

News | November 12, 2018 By:

Cryptocurrency exchange B2BX has received regulatory approval from the Estonian Financial Intelligence Unit (FIU).

B2BX is part of the B2Broker group, an aggregator of crypto liquidity for marginal trading, trading with physical delivery, and distribution of liquidity to brokerage companies. It allows users to trade major digital assets and cryptocurrencies, including bitcoin, ethereum, NEM, Litecoin, Ripple, NEO, Monero, NEM and Dash. It also supports five stablecoins, inlcuding USDT, USDC, GUSD, PAX and TUSD.

The FIU license will allow B2BX to operate as a completely regulated exchange for trading cryptocurrencies and makes it one of the first exchanges in Europe to secure this form of recognition. It will also allow the exchange to provide an extended level of services, which currently includes a crypto-to-crypto service and soon to be crypto-to-fiat. In addition, clients of the exchange will have access to increase daily limits for automatic deposit and withdrawals.

“I have long been a proponent of regulation which I believe will promote further the adoption of cryptocurrency usage and cryptocurrency trading,” said Arthur Azizov, CEO and Founder of B2Broker group. “Our users will be able to benefit from an enhanced level of protection, safe in the knowledge that they are dealing with a world-leading, regulated cryptocurrency exchange.”

The exchange is planning to attain further licenses with other crypto-friendly jurisdictions and is currently in the submission process with a number of regulators.