ICO Spotlight: Interview with Artur Azizov CEO and Founder of B2BX
This post is part of the ICO Spotlight, a series of posts with the teams behind the different projects covered by Coinschedule.
Hello Artur, thanks for speaking to us today. Let’s start with the basics: What is B2BX?
Thank you very much for inviting me, it is really nice to be here. B2BX is an aggregator of cryptocurrency liquidity for marginal trading, trading with physical delivery and distribution of liquidity to brokerage companies. While the current solutions in the market are focused on retail, B2BX will focus exclusively on institutional clients: stock and crypto-exchanges, Forex and DMA brokers, cryptocurrency brokers and exchangers, hedge funds and other professional market participants. Thus, B2BX will give advantages to both: financial institutions and retail customers. In particular, B2B customers will be provided with a depth of the market for cryptocurrencies due to the fact that B2BX will unite brokers, exchanges, and other financial institutions on one platform. At the same time, retail customers will have the opportunity to trade cryptocurrencies from any usual broker, stock exchange, and exchanger.
How is B2BX different from other exchanges out there?
First and the most important fact is that we solved liquidity problem! The broker has to collect liquidity from many crypto-exchanges and other counterparties. For each of them, contract and a deposit are required. We have already done it! We integrate B2BX with the largest trading platforms and aggregators of liquidity and the consolidation of brokers, stock exchanges and financial institutions, so, in one place we provide a deep depth of the market for cryptocurrencies.
Our exchange is based on aggregator engine. We aggregate the liquidity from 5 biggest crypto-exchanges (CEX.IO, BITSTAMP, BITFINEX, POLONIEX, XBTCE.COM) and now we are in the process of integrating two more (Kraken and BITTREX ).
Second is a “simple connection”.
Integration with crypto-exchanges and other counterparties entails technical difficulties, because each broker or exchange has its own systems and API. Many of them have a WebSocket API and REST API, while some have their own protocols.
B2BX aggregates and converts protocols from different exchanges and providers and gives them to the broker through a single protocol of the FIX API standard.
Last, but not least, we solved the market regulation issue!
Exchanges in strict jurisdictions often work without receiving fiat money — exclusively in cryptocurrencies. The main problem is the lack of regulation in the world of crypto-exchanges and exchangers.
We will do exchange trade with physical delivery on the basis of the Japanese company with a license JFSA, margin — on the basis of CySec, ASIC, FCA.
What does ‘physical delivery’ mean?
There is two model of trading: marginal trading and physical delivery.
For marginal trading, the “cryptoactive” will change its estimated value depending on the current price, but will always be nominated in the deposit currency, which depends on the country, model and regulatory framework of the broker. For example, DMA brokers allow to open accounts in the world’s major currencies: $, €, ¥, Ұ, ₽, and other currencies, depending on the location of the broker.
If we refer to “physical delivery” it is a transaction between two parties in which a futures contract on a commodity is exchanged for the actual physical good, in our case – cryptocurrency!
What do people that join your ICO get in return? In other words, why join your ICO?
Well first – you will be able to sell tokens after ICO. As a rule after successful ICO, its value grow. Second – you will be able to pay for our services and services of our clients(brokers) with these tokens. For example, you can skip some commissions or pay less than the others. It can save a lot of money on crypto trading. Third – you can buy any services from our main company b2broker (b2broker.net) starting from own ICO platform and finish with own exchange.
Last you will get the trading instrument with good prospects as we will provide some measures to maintain token’s price.
Can you tell us a bit about your team?
Our team consists of 40 highly qualified specialists that are located in 3 different countries with diverse experience.
They are really into this project, working hard to accomplish our goals.
Our IT team created one of the best product on the market – ICO web wallet with the multi-layout security. From the start of ICO till now we are subject to hacker attacks 10-15 times a day and they never accomplished their goals.
Our legal department constantly monitor our project and future regulations for cryptocurrency to make sure we work transparently and legally.
Our communication managers always online to help you and explain the project. For more information please visit our website – b2bx.pro
Artur, thank you so much for your time, and good luck with the ICO.
Thank you! I appreciate for the opportunity given for me to attend the interview.