B2BX is a centralized cryptocurrency trading platform launched in January 2018 with the headquarters in Tallinn, Estonia. It operates as a part of the B2Broker group of companies, a liquidity and technology provider for the crypto and foreign exchange (FX) industry.
B2BX is licensed by the Financial Intelligence Unit of Estonia and operates with permission to provide virtual currency wallet services and services for the exchange of virtual currencies into fiat. The license acquisition means that B2BX is a completely regulated exchange.
The platform provides services for brokerage companies, stock exchanges, and other institutional clients. The purpose of the company is to make the first official B2B digital assets exchange-aggregator to connect at least 5% of the Forex/DMA market and stock brokers, allowing them to provide their clients with cryptocurrency trading.
B2BX offers an iOS mobile application, which gives users full access to charts, order books, wallets, and settings. The platform supports 4 languages: English, Russian, Chinese, and Spanish. Its support team provides customers with 24/7 assistance. US investors are not allowed to trade on the B2BX exchange.
B2BX is an exchange platform for individual and corporate clients, which offers a high-performance matching engine, dynamic and adaptive layouts, crypto-crypto and crypto-fiat trading pairs, institutional grade liquidity, fiat deposits, personal information, and funds protection. B2BX website can be accessed from mobile browsers quickly and easily thanks to its adaptive layout. The dynamic layout allows organizing multiple workspaces and widgets without limitations.
The platform takes exceptional measures to protect users’ sensitive information and funds. Fiat funds are stored in a regulated bank, 98% of crypto assets are protected by cold storage. An anti-fraud system protects users against unauthorized access sending them activity notifications and freezing funds immediately. The two-factor authentication is needed to start trading on B2BX. Users who want to use the full functionality of the exchange must go through KYC procedures. Transport Layer Security and CloudFlare procedures are used against DDoS attacks and information thefts. All sensitive data is encrypted to provide privacy and data integrity.
The B2BX exchange provides its users with a number of services such as 3 order types trading, margin trading, API, charts, wallets, and White Label Exchange. The access to them is determined by users’ verification level. There are 3 levels to choose from with different KYC requirements.
B2BX suggests a full-featured spot trading platform for major digital assets. Traders have 3 order types at their disposal: market, limit, and stop to improve their trading strategy. B2BX charts are provided by TradingView, one of the most powerful and easy to use charting services. It allows users to get an overall picture of asset prices, supply and demand, order history, and current buyers and sellers.
Users can store their crypto in B2BX wallets. The exchange does not charge any fees for holding crypto assets on its accounts. White Label Exchange is the service that allows customers to launch their own cryptocurrency exchange. It provides everything needed for a successful launch: marketing, teams’ training, user support as well as wallets, liquidity for 70+ crypto pairs, and processing systems.
The exchange offers two types of API: WebSocket and REST. B2BX’s API works using Public and Private keys to get public information such as tickers, volumes, order books, and trades on instruments and access to real-time balances and opened orders. Bug rewarding program encourages customers to find problems in the platform’s functioning. They can choose any cryptocurrency traded on the exchange for a reward. B2BX blog and news sections are at new investors’ disposal to help them learn about blockchain, trading, and cryptocurrency technologies.
At the time of writing, the B2BX platform supports 21 cryptocurrencies with 28 trading pairs including five major stable tokens: USDT, USDC, GUSD, PAX, and TUSD. 3 fiat currencies: USD, GBP, and EUR are available for deposits.
B2BX offers multiple fiat deposit and withdrawal methods such as SWIFT, SEPA, Faster Payments bank transfers, credit card payments, and various payment providers such as UPayCard and Epay, Perfect Money, Payeer, and AdvCash.
B2BX charges takers and makers with different trading fees, depending on their 30-day trading volume. Takers participating in the cryptocurrency markets pay the maximum fee of 0.15%, while makers pay 0.12%. The minimum fees are 0.07% and 0.05% correspondingly. For trading in fiat markets makers are charged 0.12-0.35%, and takers pay 0.18-0.40% of the transaction volume.
The exchange offers very high monthly and daily withdrawal limits that depend on the currency. The withdrawal fee depends on the token. For instance, it amounts to 0.0005 BTC for Bitcoin, 0.002 LTC for Lightcoin, and 0.01 ETH for Ethereum withdrawals. The fee rate for fiat deposits and withdrawals varies from 0.5% to 6 % depending on the method. Cryptocurrency deposits are free of charge.
B2BX (B2B), a utility ERC20 token, was issued by the B2BX exchange to help traders reduce their fees. After the platform significantly reduced its commissions, the token became unnecessary, and it was decided to organize the buyback process to repurchase B2BX coins. On December 31, 2020, the token’s smart contract was irreversibly frozen making holders unable to transfer tokens anymore.
B2BX team and partners
The CEO and founder of the B2Broker group, Arthur Azizov, is the advisor and technology consultant at B2BX. Other team members include Ivan Nikolajev, the Management Board member, Roman Zhitnik, a B2BX product manager, Denis Redin, a marketing manager, and Mikhail Grigorev, a social media, and content manager.
B2BX has established partnerships with such media as Finance Magnates, Forklog, Businesswire, and MarketWatch. B2Broker (a liquidity and technology provider for the crypto and foreign exchange industry), Sum and Substance (a developer of remote verification solutions), B2BinPAY (a payment service provider, which offers multi-level solutions for cryptocurrency wallets, exchanges, and brokers), and Crystal Analytics (a blockchain analytics platform) are among its business partners.