Is Bibox a formal exchange? What's the global ranking?

According to CoinMarketCap data, Bibox is a formal cryptocurrency exchange, ranking 103rd in the world. It has a business license issued by the Estonian FIU, has a daily trading volume of more than $1 billion, offers more than 200 trading pairs, and adopts security measures such as cold wallet storage and multi-factor authentication.

Is Bibox a formal exchange?

Yes, Bibox is a formal cryptocurrency exchange.

Global Ranking

According to data from CoinMarketCap, as of February 8, 2023, Bibox ranked 103 among global cryptocurrency exchanges by trading volume.

Detailed Analysis

Bibox was founded in 2017 and is headquartered in Singapore. It is a compliant exchange with a business license issued by the Estonian Financial Intelligence Unit (FIU).

Formal qualifications:

• Business license issued by Estonian FIU
• Follow anti-money laundering (AML) and know your customer (KYC) regulations

Transaction volume:

• Daily trading volume exceeds 1 billion US dollars
• Ranked among the top 100 exchanges in the world

Trading pairs:

• Providing more than 200 cryptocurrency trading pairs
• Including mainstream currencies such as Bitcoin, Ethereum and Ripple

Security measures:

• Use cold wallets to store user assets
• Adopt multi-factor authentication (MFA) and anti-phishing measures
• Subject to regular security audits

User experience:

• The interface is intuitive and easy to use
• Provides a variety of Trading types, including spot trading, contract trading and fiat trading
• With active community and customer support

Note:

• Cryptocurrency trading has inherent risks, so sufficient research should be conducted before trading .
• Bibox has been affected by security breaches in the past, so users should take appropriate precautions to protect their assets.

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