The Beaxy team is already pretty big and has 25 full-time employees and 25+ halftime contributors all over the world. The exchange team contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Circle Director of Research and Policy Patrick Hansen said the EU’s regulatory clarity has made it an attractive option for crypto projects.
- This technology can support hundreds of thousands of trades per second with less than a millisecond of latency, which is very fast when compared to other exchanges.
- It’s also important to note that Beaxy will have an exclusive partnership with OneTick, its flagship software, a comprehensive suite for time-series data management, real-time event processing, and analytics.
- You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access.
- Once you completed the above steps, you will have to wait until you receive a notification that your documents have been approved, which might take up to a couple of hours.
No data is available now
Beaxy aims to become a leader in the crypto trading space and is best suited to people with a good understanding of trading digital assets and using exchanges. As Beaxy is still building its reputation and developing its user base, it offers an attractive fee structure and various incentives, which should prove successful in attracting users to the platform and improving the validity of the BXY token. However, users who choose to pay their trading fees in BXY tokens receive a 50% reduction and pay a fee of 0.1%, and anyone participating in the exchange’s Staking Program can reduce their fees by an additional 25%.
How Much Will Kaspa (KAS) Token Be Worth in 2025 If Bitcoin Price Hits $100K?
The Beaxy team aim to provide a fully featured exchange that facilitates a comprehensive trading experience and incorporates many of the best features found amongst the current industry leaders. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees. There are various explanations and tips on how to navigate the platform placed in easy to find locations.
Restoring trust and equity in the digital age through decentralized AI
These include high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support. The integrated price charts are placed in the center of your browser, and at the top of the screen, there is a quick summary of important information such as the bid/ask spread, percentage change and volume updated in real-time. The order panel and trade history are placed on the left, while the right is reserved for the order book. You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access. The platform provides 24/7 support to their users with live chat and an AI bot, which is especially valuable when a critical issue arises. There are also further resources aimed at newer traders such as the FAQ section and Knowledge Base, and the team is active on social media.
Beaxy Supported Currencies and Fees
So the agency is also accusing them of violating securities law by operating an unregistered exchange, broker and clearing agency, though the platform was described as defunct in another SEC case last year. You are about to leave CryptoSlate in order to visit a cryptocurrency or ICO website. This link is provided solely for informational purposes and is not an endorsement in any way. We recommend that you exercise extreme caution and consult a registered investment advisor before taking any action. When you successfully complete the tasks, the process is finished; however, the Beaxy team recommend taking pictures with PhotoScan by Google Photos or Office Lens by Microsoft as they are more reliable with regards to producing clear images and capturing documents. After finishing the KYC application process, you will see the icon next to your name change to “Under Review”, and you’ll receive notification of your results once the review has been completed.
Get a Daily Summary of Crypto News, Insights and Market Data Straight to Your Inbox.
Smartphone users can click the link at the bottom of the panel to get further instructions via email on how to proceed. The KYC process is the same for desktop or mobile users from this point, and Mati will attempt to use your camera in order to take your photo for KYC, and you may need to grant your browser permission to use the camera function. After clicking on the link provided in the verification email, you will be asked to log into your account. Beaxy is operated by Beaxy Digital, Ltd, which is a company registered in St. Kitts & Nevis in the Caribbean Islands. The team behind the exchange is transparent in nature and contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. In total, Beaxy is selling 60% of the tokens and there is a soft cap of $4.2 million and a hard cap of $ 19 million USD.
Binance and Bybit tease possible Solana liquid staking products
- 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%.
- In the future, the team behind the platform aims to add some very interesting features, such as OTC trading capabilities, margin trading, and portfolio management.
- The first time you deposit into a wallet, you will be asked to generate an address for it.
- It’s worth noting that users from the USA are currently not eligible to access the Loyalty Rewards program or obtain the PLS token in any way.
- Trump shifts stance on crypto, plans to accept digital asset donations for 2024 campaign.
- Mati will send a link to this email that can be used to continue the verification process by phone.
It’s also important to note that Beaxy will have an exclusive partnership with OneTick, its flagship software, a comprehensive suite for time-series data management, real-time event processing, and analytics. Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. Helene is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks.
Get the latest cryptocurrency news directly in your inbox.
The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants. Securities and Exchange Commission charged the company and its founder, Artak Hamazaspyan. With operating an unregistered exchange and brokerage, the agency said Wednesday in a statement.
Referral programs, low trading fees, 24/7 support and options to customize the trading experience are also positive. The reward calculations for payouts are performed everyday at midnight UTC, however the actual payouts for loyalty rewards are made on a monthly basis, on the first day of each month with PLS holders receiving rewards for the previous month. In the following example, if a user locks up 100K BXY tokens for 6 months, they will receive 100K PLS tokens. If there are also 10 million BXY tokens beaxy coin locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation. 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%. The project held an Initial Coin Offering (ICO) which ran until September 2018 with an excellent amount raised equaling $3 million.