Beaxy Opens New Crypto Spot Exchange
New York, November 08 2018 - OneMarketData, LLC , a leader in tick data management and analytics, announced todaythat Beaxy, the all-in-one cryptocurrency exchange has exclusively built their matching engine on OneTick, OneMarketData's flagship high performance analytics and data management platform. Beaxy brings all of the tools and technologies that traders in traditional markets utilize on a regular basis to the cryptocurrency space for the first time, assembling them under one roof for crypto-traders to have at their fingertips and use at their disposal.
They will also be adding advanced order types as options, which is a feature that current exchanges are significantly lacking in. These will include the option to choose between trailing stops, fill or kill” orders, orders which expire at a certain time and many others which traders with complex strategies will find incredibly welcome.
Overall, they aim to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants, and Beaxy also incorporates its native BXY token, which allows users to participate in staking and receive fee reductions of up to 50%.
They also plan to add new tokens and coins on a regular basis in addition to the 24 trading pairs they will launch with. Beaxy offers a different trading platform, with low cost, high security system, and voting system for the future of better cryptocurrency and performs the real decentralization function.
Throughout the crypto exchange world, we hear stories every day about fake volume, wash trading, spoofing, and nefarious acts. Beaxy also offers a referral program, which allows you to refer friends to the exchange and receive 10% of their trading fees for the lifetime of their account, which seems to be the standard rate across exchanges.
The platform is also offering a referral program wherein users receive a 10% additional discount on their trading fee for a lifetime and a 20% discount for a period of 2 months. These exchanges are referred to as Relayers” by the 0x team. Beaxy has collaborated with Trading View® to build a custom API bridge that integrates Trading View charting directly into the exchange.
Beaxy has announced the launched of its cryptocurrency trading platform, which is now live in 43 states in the U.S. and 185 countries. Those who join through a referral code will be granted a Platinum level account (20% discount on trading fees) for a limited time period (60 days).
Due to the 6 month lockup period in our example scenario, the user will receive 25% of the $10,000, and $10,000 25% = $2,500. A lot of thought appears to have gone into making the BXY tokens an integral part of the system. This should resolve in minimal to zero downtime, even when there is a high user amount due to a sudden move in the markets.
Here are some of the aspects that makes Beaxy a better cryptocurrency trading platform. Beaxy Exchange plans to commence full operation during the week of Consensus 2019 , providing you with cutting edge technology never before seen in the crypto space. Diamond Account- Requires the staking of 1,000,000 BXY, and yields a 25% discount on trading fees with a 500 BTC daily withdrawal limit.
I never grow bored of reading about new coin exchanges and crypto hedge funds that are popping up on the market. To do so, the company added onboarding tools to help traditional traders, retail investors and institutional investors Beaxy alike use the platform. He has extensive experience with distributed systems, commercial software, application security, OWASP, SaaS, Service Oriented Architectures, Microservices, & highly maintainable and available systems.
The new exchange is offering crypto-to-crypto trading to start, including 26 trading pairs that cover 16 of the most popular coins, according to the company. Beaxy was founded in October 2017, shortly after software engineers Artak Hamazaspyan (CEO) and Mittal Patel (CTO) recognized a need for a holistic, professional, licensed and secure cryptocurrency exchange.