FinexBox crypto exchange is based in China and registered in Seychelles. It has offices in Singapore and Hong Kong and has been running since October 2018. It is designed to be a centralized cryptocurrency exchange with lots of interesting features for its users.
The platform is open to users all over the world, with minimal KYC verification required. To begin using the FinexBox cryptocurrency exchange, all you have to do is register with your email, phone number, and referral code, if any.
The exchange offers a peer-to-peer crypto trading system with more than 200 digital currencies and 350 FinexBox trading pairs. It provides TradingView charts that permit traders to utilize graphical experiences while trading directly from the FinexBox graphs. The sophisticated charting tools enable users to monitor their orders and positions, create price notifications, change order details, calculate position profits, and so on. Some of the major cryptocurrencies supported include Zcash, Ethereum, Litecoin, and others. The major markets on the platform include BTC, USDT, ETH, and FNB.
In terms of FinexBox exchange fees, the platform charges a flat rate of 0.10% for FinexBox spot trading activities. It also offers leveraged margin trading options where users can trade with up to 3.3x leverage. The FinexBox crypto price for withdrawals is dependent on the cryptocurrency being withdrawn. For example, it charges 0.002 BTC for any BTC withdrawal. There are no charges for crypto deposits, although users will have to pay bank processing fees for wire transfers made to the platform.
FNB is a utility token that has been created in order to construct, build, and maintain the FinexBox ecosystem. People who hold this coin are referred to as FNBBOSSes on the official website and they receive several benefits for owning it. These include preferential access to IEOs, monthly revenue sharing, an opportunity to repurchase tokens, and priority rewards from airdrops. Moreover, FinexBox crypto exchange provides up to a 50% reduction in withdrawal and trading fees each week.
Check out the current FinexBox trade volume above.
FinexBox provides a chance to join Initial Exchange Offerings (IEOs) that are held directly on the platform's launchpad. Furthermore, every user has a chance to cast their vote for any coin from the New Token/Coin Votes list on the platform. Every Friday, the coin with the most votes is determined. Each person can only make one selection. To join in the voting process, an individual must send Bitcoins to a designated address – 0.001 BTC is equivalent to 1 vote. It's essential that at least 300 votes are sent through for it to be taken into account and all votes accumulate over time until the next week's poll.
About the Company
FinexBox cryptocurrency exchange is completely owned and run by a subsidiary of FINEXBOX GROUP Limited, which has ties to GENESIS BLOCKCHAIN GLOBAL LTD (registered in both China and the United Kingdom).
Only two names of the current team members at FinexBox are featured on their website: Dennis Smith and Lun Bao, who are also the co-founders. Neither of them have any public accounts on social media or professional resources, so this is the only place to find information about them.
Dennis Smith holds a degree in economics from the Wharton School of Business and he has experience as an equity derivatives trader. Lun Bao is the CTO of FinexBox, boasting two decades of knowledge in developing extensive infrastructure and transaction networks, cloud systems, mobile/web applications, and software-as-a-service solutions. He also has expertise in marketing and management.
In October 2017, the business received $8 million in angel round funding from an anonymous American financial investment firm.
Don't forget to take a look at the FinexBox volume chart above.