Let’s start with a simple question – what is Beaxy? On their official website they explain:

OneMarketData provides services for advanced trading platforms like Scottrade and Bloomberg. Beaxy team added a high performance analytics and data management platform to power their exchange matching engine. They looked to OneMarketData and their OneTick system to deliver a solution so their system allows to execute trades and manage wallet transactions in a low-latency and fault-tolerant way.



Beaxy is a cryptocurrency exchange built in collaboration with OneMarketData. It is bringing legacy finance, speed, power, and sophistication to crypto for the first time. With 225,000 transactions per second per pair, comparable to Nasdaq and faster than anything else in crypto, Beaxy is setting itself apart from the competition.

Beaxy founders

Beaxy Digital Ltd is a company registered in St. Kitts & Nevis in the Caribbean Islands. The team consists of CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz.



The project held an Initial Coin Offering (ICO) which ran until September 2018, and raised approximately $3 million in funding, and the exchange has just recently launched.



Beaxy already has a big community and is planning on cultivating new ways for the users to interact with each other, and with the team. Most of the engagement happens through the Discord server. The startup also has all kinds of social media accounts including Twitter, Facebook, Reddit, Instagram and a Telegram channel.

Startup’s goal

The Beaxy team aims to provide a fully featured exchange which will facilitate a comprehensive trading experience and also incorporate the best features found amongst the current industry leaders.



Among them you can find high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support.



Among the features that make this particular trading platfirm unique and special in comparison with the rest we can highlight several:

BXY token



One of the biggest news is that the company has incorporated its own native BXY token. This will allow users to participate in staking and receive fee reductions of up to 50%.

The project just launched the past month of June reaching $1 million in volume on $BXY pairs in the first hour of launch. Not bad for the start!

Efficiency & Speed



The creators of the cryptocurrency platform promise that speed on beaxy.com is 10 times faster comparable to NASDAQ. Also they have more order types than any other international crypto exchange, including advanced orders.

Brand new additions

Features like profit or loss calculators, multiple wallets per currency new for the crypto exchange environment are introduced to Beaxy.

An industry-leading market surveillance tool helps preventing manipulative trading and also has insurance and custody on both business and major cold wallets.

Support

24/7 customer support and 0 charge for the listing fees are a very attractive addition. Hot and cold wallets are used to secure assets and cold wallets are stored in diverse geographical locations. Whitelisting process makes phishing nearly impossible for BXY users.

Fiat trading pairs with a wide range of cryptocurrencies. This makes trading much easier for both newcomers and experienced traders.

Instant deposit of fiat currencies. Depending on the user’s portfolio value on the exchange, the user will be eligible for instant deposits of an amount of fiat currency as determined by Beaxy’s risk management team. Immediately after the instant deposit is initiated, the user’s withdrawal functionality will be frozen for double that amount – minimizing risk.

Transactions scale infinitely off of trading pairs. One pair – 225,000 tx/s… 100 pairs = 22.5 M tx/s.

Referral Program will allow users to invite friends/family, and receive 10% of their transaction fees for the lifetime of their account.

The referred user will receive Platinum membership (20% off fees) for a limited period (60 days). Users must complete KYC verification in order to be eligible for referral bonuses.

Loyalty Rewards Program, where users can qualify to receive a proportionate share of up to 25% of the total monthly transaction fees collected by the Beaxy Exchange. Users must complete KYC verification in order to be eligible for loyalty bonuses and permission will be dependent upon the regulations governing their jurisdiction.

Tour

There is an online tour on Beaxy web page that helps you to get familiar the the interface.

In the Knowledge Base section on the webpage you can find anwers to all the possible questions, it includes a FAQ part with the explanation for the new users.

The interface is simple and very suitable for begginers. The registration process is very easy, explained step by step in the video tutorial.

Good luck and get started!