Crypto Exchange Bibox Acquires Decentralized Exchange DEx.top

Announcements, News | December 18, 2018 By:

Chinese crypto exchange Bibox has acquired decentralized exchange DEx.top for an undisclosed sum.

Bibox, which is ranked among the top 15 crypto exchanges, allow users in ten countries, including the US, Switzerland, Singapore, Canada, China, Hong Kong, Japan, and South Korea, to trade bitcoin, Bitcoin Cash, ethereum and other cryptocurrencies. As of August 2018, the exchange has over 1 million registered users and processes over $200 million in trading volume daily.

Launched in May of this year, DEx.top is a decentralized ethereum-token exchange platform based on smart contracts. The platform is utilizing a Replayed On Chain (ROC) trading mechanism to enable instant trading while ensuring the security of traders’ assets. According to Etherscan, DEx.top is the second largest decentralized exchange by trading volume.

Bihui Lin, spokeswoman for Bibox, said that the acquisition signifies that Bibox is now trying something new in the field of digital assets, which not only improves its ecosystem establishment in the blockchain but also provides users with more trading options.

In a statement, DEx.top said that they believe the acquisition will create synergistic relationships that will help both projects go further.

“Both projects share a common vision of developing an outstanding trading experience with robust trading features while ensuring transparency and the security of users’ assets and data,” DEx.top said. “We are excited to partner with Bibox’s excellent team to develop even better cryptocurrency exchange platforms that will delight and cater to the needs of traders and contribute to Bibox’s growing and robust blockchain ecosystem.”