Learn more about great developments of Global Crypto Brokerage FinxFlo and their fast growing project!
- FinxFlo’s infrastructure is underpinned by industry-leading security and compliance standards, through its partnerships with industry experts including Fireblocks, Passbase and Chainalysis.
- FinxFlo offers zero withdrawal fees and highly competitive trading fees, making it one of the most cost-effective crypto brokerages in the market.
- An Initial Coin Offering (ICO) of its native token, the FXF token, will launch on July 15th.
Singapore, 8th July 2020 – FinxFlo, a global crypto brokerage, was launched today to help traders access the best prices with an unparalleled level of transparency and efficiency. Its founding members also announced an Initial Coin Offering (ICO) of its native token, the FXF token, on July 15th. The platform aims to reduce the complexity of crypto trading by facilitating access to multiple crypto exchanges with one account, one wallet, and one KYC process, coupled with an easy-to-use interface.
The platform offers a suite of professional-grade trading tools and features through a user-friendly interface. Its’ proprietary smart order routing algorithm distributes users’ orders across multiple exchanges simultaneously to achieve the optimum buy or sell price. The introduction of a dark pool trading feature allows traders with bigger positions to move in an out of trades without revealing their interests. This protects against front running and helps to minimise the impact from broader market sentiment. FinxFlo’s integration with TradingView provides for an intuitive platform, enabling all traders to trade through a one-click trading module and multi-charting screen.
“As active crypto traders, we wish to trade across multiple platforms but found that the process is tedious and frustrating as it requires a separate registration and wallet for each platform. This prompted us to come together to create an exchange aggregator that is not only efficient, but also transparent in offering the best price for all traders. At FinxFlo, we believe in a cryptocurrency market built on the values of legitimacy and trust, fully accepted by the mainstream. Ultimately, our goal is to foster a level playing field for all participants, with market distortions and unfair trading practices eliminated, and with the best prices available to traders irrespective of size and location,”
said Liam Jones, FinxFlo’s CEO.
FinxFlo is managed by a core team of finance, technology, and law experts with vast knowledge of financial markets and digital currencies. Each of the team members has decades of experience and all are well-recognized in their respective fields. The team is further supported by a highly qualified board of senior advisors, comprising of Mark Hammond, Head of Flow Products and API for Liquid Quoine Exchange, Stefano Virgilli, CEO of Pocket Money Group, and Dr Anthony O’Sullivan, Market Analyst to Palomar Technologies.
“Through our comprehensive suite of trading tools and features, we seek to elevate the crypto-trading experience into a more streamlined and intuitive one for all users. Our platform’s user-centric interface reduces the complexity of crypto trading for retail users. At the same time, through the use of APIs, FinxFlo’s crypto exchange is designed for easy integration with any financial institutions’ trading infrastructure. By offering a single point of access to multiple crypto exchanges, this help to reconcile the contradictions of a fragmented crypto trading market for institutional users. Our overarching goal is to empower both retail and institutional users with the confidence to create equitable trades on their own terms,”
added James Gillingham, Managing Director and Co-Founder of FinxFlo.
FinxFlo’s infrastructure is underpinned by industry-leading security and compliance standards, ensuring that users’ assets and data are well protected. By partnering Fireblocks, a cutting-edge third-party custodian, users’ funds are never placed directly on underlying exchanges – only the margin is placed – which significantly reduces hacking risks. FinxFlo also partners with Passbase for its Customer Identity Program which adopts industry-leading customer due diligence practices. Beyond the mandated compliance requirements, it will further partner with Chainalysis to introduce a Know Your Transaction process, ensuring a safe and secure trading experience for all. Additionally, FinxFlo’s security infrastructure and policies will be regularly subjected to external security and compliance audits by NCC Group, a global expert in cyber security and risk mitigation.
In conjunction with the platform launch, FinxFlo will also be launching an ICO on July 15th, 2020, which will run for 6 months. The ICO will offer for sale 330,000,000 FXF tokens (equivalent to US$ 39,600,000), its native token that can be used to pay fees on the platform. The funds raised will go towards the further development of its platform, the setting up of its global offices, as well as marketing efforts to grow the community of users. Those interested in the token sale can participate by registering on its ICO website: https://ico.finxflo.com/. Currently, a bounty campaign is also being run on BountyOX: https://beta.bounty0x.io/hosts/Finxflo.
For more details on the project, please refer to FinxFlo’s whitepaper: https://ico.finxflo.com/wp-content/uploads/2020/07/Finxflo-Whitepaper.pdf