Bibox

One of the trends in the cryptocurrency market is decentralized exchanges that guarantee transparent and fast operations for customers, maintain high liquidity and offer advanced functionality. Usually, their business model includes an internal token that is used to pay trade commissions, and sometimes to pay for internal services. Another exchange working under this scheme is Bibox. Bibox is another Chinese cryptocurrency exchange appeared at the end of 2017. Investments in start-up and sales were raised with the help of ICO, which took place from October 1 to October 31, 2017. It was reported that the crowdfunding “cap” was 150,000 ETH. Accurate information on the number of attracted investments is not reported. Since spring 2018, the daily trading volume on Bibox has steadily exceeded 25,000 BTC, and at the peak of 24h Volume reached 40,000 BTC ($ 300,000,000). Such indicators make Bibox the top 15 largest exchanges on the market. Bibox is a decentralized exchange and it does not work with fiat. Therefore, transfers using bank cards, electronic payment systems and other methods related to fiat money are not available to users. Verification is not mandatory for platform using. However, unidentified users can shoot no more than 2 BTC during the day. in the meantime, a short history of existence, the Bibox exchange has never been hacked.