Beaxy Digital, Ltd. opened its cryptocurrency trading platform to the public on Tuesday, marking the finish line for two years of development. The exchange now serves customers across 43 U.S. states a
Beaxy Digital, Ltd. opened its cryptocurrency trading platform to the public on Tuesday, marking the finish line for two years of development. The exchange now serves customers across 43 U.S. states and 185 countries, with trading pairs for 16 major digital assets.
The platform stacks up features that traders expect from traditional exchanges: TradingView charting built directly into the interface, a profit and loss calculator, support for multiple wallets per currency, portfolio tracking, and tax reporting tools.
Security took center stage in the platform's design. The exchange uses third-party security audits, multi-signature protection, and a blockchain sweeping protocol that keeps most funds offline in cold storage. Account monitoring, alerts, system health checks, DDoS shielding, and phishing defenses round out the stack.
Beaxy built its matching engine using technology from OneMarketData, a firm that sells trading software to financial institutions. That partnership gives Beaxy nine order types and the ability to handle 225,000 transactions per second per trading pair, which the company describes as "an order of magnitude faster than any other current digital asset exchange."
Artak Hamazaspyan, Beaxy's chief executive, said the engine performs better than most competitors in both traditional and crypto markets. "Through prioritizing user experience, security, regulatory guidance, and seamless functionality, I am confident we've built a best-in-class trading platform," he said.
OneMarketData also supplied compliance monitoring software that global banks and stock exchanges use. Ross Dubin, the company's head of sales, called Beaxy a natural fit. "Beaxy's ambition to build a top of the line cryptocurrency exchange made them an obvious partner," Dubin said.
Beaxy rounds out its infrastructure with Mati's know-your-customer and anti-money laundering tools, and Kingdom Trust, a U.S. custodian, handles asset security and safekeeping.
Beaxy started in 2017 with a goal of delivering what the company calls the ultimate trading experience—blending customization, speed, security, and customer service. More than 60,000 people registered for early access. The company raised $8 million and plans to use the funds to grow in the U.S., expand into Europe, and add fiat deposit and withdrawal options.
On the roadmap: a mobile app, an ICO launchpad and incubator program, and an over-the-counter trading desk. Beaxy is registered in Nevis and operates a development team in Armenia.
