P2PB2B is a European centralized cryptocurrency exchange that serves individual and corporate clients. Regarding the date of founding, the only official information, coming directly from the exchange, listed in the platform’s Twitter profile, is April 2014. According to the details on its website, the business is headquartered in the following address 3rd Floor, 120 Baker Street, London, England, W1U 6TU and is operated by the PARTIDA TECHNOLOGIES LLP company, with registration number OC427053. There is also the contact address of its affiliate, Partida Services OÜ, with a registration number 14572266 and contact address Laki 30, 12915 in Tallinn, Estonia. A check within the UK’s corporate registries shows that the stated company name (PARTIDA TECHNOLOGIES LLP) was registered in April 2019. However, there is no additional information regarding the owner of the company, the initial capital, or any financial history. A similar check within Estonian’s corporate registry points out that the affiliate, Partida Services OÜ, was founded on September 24, 2018, with an initial capital of €2 500. Unfortunately, at the time of this writing, the corporate information portals don’t include any additional details regarding the owner of the company.
On its LinkedIn page, P2PB2B claims to be a legal exchange with a license for conducting trading operations in the European Union. It states that it employs anywhere from 51 to 200 employees. The majority of the profiles, associated with the exchange, are holding a “Listing Agent” position or “Business Development Manager” – both of which are positions, related to sales and external relations with token issuers. However, there are no traces of the upper management. An alternative LinkedIn search for the Partida Services OÜ company reveals another profile of the exchange business. There, we can find the profile of Valerii Solodovnyk, CEO of Partida Services OÜ and probably the whole P2PB2B business. The information on its profile reveals that prior to becoming the CEO of the exchange, he had experience as a CFO of multiple companies, all of which located in Ukraine.
Judging by all the promotional texts in the different parts of the website, it seems like the P2PB2B team puts extreme focus on the idea of promoting the scale of the exchange and its “global” business presence. For example, in its Twitter profile, the platform states that it is the “world's fastest growing cryptocurrency exchange.” It also urges its investors to “relax and have fun from investment on p2pb2b.io” because the exchange was “in the legal field.” It proceeds to say that the platform is capable of supporting processing speed of up to 10 000 trades per second and 1 000 000 TCP connections. Precisely the same statement, copied word-by-word is also found at the “About Us” pages of other exchanges, such as Exrates.me, Coinsbit.io, and Whitebit. Considering the proclaimed scale of the business, it is also strange to not be able to find any useful information about the team behind the project. There are numerous threads on Bitcointalk and Reddit where users accuse the CEO of P2PB2B, Valerii Solodovnyk of being a “serial scammer” who have copied other exchanges repos on GitHub to rebrand them as his own projects.
Regarding customer support, the exchange highlights that it offers “instant 24/7 user support” in several languages, such as English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, German, and Korean. However, this statement seems to be far from valid as, at the time of this writing, numerous users are complaining online about the lack of support and their struggles to get in touch with an exchange representative for months.
When it comes to security features, the P2PB2B website states that the exchange stores 95% of users’ funds in cold wallets. They also claim to have adopted various additional protection measures “to detect and block hacker attacks”, such as a Web Application Firewall (WAF) and OWASP TOP10 standard. They also employ two-factor authentication via Google Authenticator.
At the time of this writing, there is no information about government investigations targeted at the P2PB2B exchange. The platform also lacks a history of hacker attacks or security breaches.