BiboxEurope officially opens with launch of BTC/EUR and ETH/EUR trading pairs

Bibox, the AI-enhanced, encrypted digital asset exchange, has officially launched in Europe with fiat-to-cryptocurrency trading of the Euro (EUR) with Bitcoin and Ethereum. A greater number of currency pairs are planned to be incorporated onto the exchange in the future.

The trading platform has also partnered with leading OTC trading desks in Europe, Asia and the US to open a high capacity desk supporting rapid order execution and transaction processing internationally.

BiboxEurope was granted membership with the VQF (Financial Services Standards Association), a self-regulatory organization approved by Switzerland’s financial markets regulator, FINMA in 2018. This enables BiboxEurope to operate as a ‘financial intermediary’ under the Swiss Anti-Money Laundering Act (AMLA).

As a recognized SRO member under VQF, BiboxEurope is subject to a number of stringent rules and guidelines. In addition to rigorous audits, the platform’s KYB (Know Your Business) processes and AML compliance mechanisms are monitored on an ongoing basis.

Commenting on the launch of BiboxEurope, Aries Wang, Bibox Co-Founder said: “Europe’s concise regulatory and legal framework for cryptocurrencies, combined with our strong ties to some of the finest OTC services in the region, makes it the perfect fit for the expansion of Bibox.

Our OTC Desk employs high performance algorithmic formulas to outperform the markets and to trade at the lowest prices. We provide traders with high liquidity on top of rapid order execution because of our cooperation with major exchanges and other liquidity providers. Our OTC team consists of experienced leaders with vast experience in the crypto industry and traders with a wealth of knowledge of financial markets.”

Bibox operates as a top-ten digital asset exchange with daily transactions averaging $200 million USD per day on a range of products including crypto trading, margin trading, perpetual contracts and bonds. Since it was founded in 2017, it has emerged as a secure, encrypted digital asset exchange platform that differentiates itself from other crypto exchanges through its integration of powerful artificial intelligence (AI) features. Bibox traders benefit from quantitative calculations and analysis of their trading activities, personalized risk management, diversification and allocation strategy.

The expansion to Europe with a fully compliant custodian service brings greater liquidity and security to more customers with high level KYC and AML. BiboxEurope will offer 0.1% transaction fees for the taker and maker, and zero deposit fees until September 30th 2019.

Wang added: “Looming economic uncertainty means that European citizens are increasingly looking for alternative investment opportunities and BiboxEurope offers access to new economic possibilities for retail and institutional investors looking to build their own digital asset portfolio

Our aim is to continuously support the global expansion of cryptocurrency adoption,  help bridge the crypto-fiat channel for Europe, and become the de facto blockchain financial service company, recognised by leading banking partners.”

BiboxEurope will enable users to trade on the EUR Fiat Exchange immediately upon account verification (KYC) on https://www.bibox.cc/