Crypto Exchange Beaxy Launches In 43 US Statesbr>
Cryptocurrency trading platform Beaxy has announced its official launch, following a thorough development period of 24 months.
Beaxy, powered by the same trading technology as NASDAQ, Bloomberg, and other major stock exchanges, is an all-in-one digital asset exchange that aims to provide users with the ultimate trading experience in terms or trading customization and features, asset security, transaction speed, and customer support. With more than 60,000 pre-registered users, Beaxy is currently live to customers in 43 US states and 185 countries. It currently supports trading pairs for 16 of the top digital assets.
Beaxy partnered with US-based alternative asset custodian KingdomTrust to provide enhanced security and custodianship of assets, and onboarded SaaS company Mati to provide robust know your customer (KYC) and anti money laundering (AML) services. The exchange also partnered with OneMarketData to bring the customization and speed of traditional markets to the cryptocurrency space. Beaxy boasts transaction speeds of 225,000 per second per trading pair, an order of magnitude faster than any other current digital asset exchange.
“Through prioritizing user experience, security, regulatory guidance, and seamless functionality, I am confident we’ve built a best-in-class trading platform,” said Artak Hamazaspyan, Beaxy CEO. “Our implementation of OneMarketData’s OneTick technology has yielded impressive results, out-performing most engines in traditional financial markets and the cryptocurrency markets. We’re looking forward to providing every trader out there with a one-stop shop solution that will significantly erase the barriers to alternative asset adoption.”
Ross Dubin, Global Head of Sales of OneMarketData, said that Beaxy’s ambition to build a top of the line cryptocurrency exchange made them an obvious partner.
“After the matching engine was built, OneTick Surveillance was deployed,” Dubin said. “OneTick Surveillance is currently in use by global banks across multiple desks. It is used by the world’s largest options broker, the world’s largest algo operator, and one of the world’s most trusted stock exchanges to meet regulatory requirements across multiple asset classes and global jurisdictions. The result is a cryptocurrency exchange with technology on par with leading traditional exchanges that can meet global regulatory requirements.”