Ibinex Publishes Whitepaper, Highlights Crypto Solutions And Future Plans

Here is everything you need to know about the firm that is aiming to lead the charge in bringing “the future of crypto exchanges” here.

Ibinex-white-paper

Ibinex, a full-stack institutional white label platform, recently published its whitepaper, telling in detail how it will solve the most overwhelming problems that crypto exchanges are continually facing today.

Far Beyond White Label

In the document, the platform relayed how a lack of transparency and inconsistent regulation across the entire cryptocurrency industry are stumping the growth of crypto appreciation and adoption by the general public.

For that, Ibinex developed a multifaceted solution which goes far beyond merely offering ready-to-use crypto exchanges, and which will be rolled out in three phases.

IBINEX

Three Phases

In the first phase, Ibinex will channel all its resources and energy in implementing exchanges and infrastructure with a target launch date for Ibinex (Alpha) (exchange in a box) in the last quarter of this year, immediately followed by Token Release for Ibinex early in 2019.

The first phase will also roll out the Connect Exchange Bridge, which is the firm’s backend infrastructure which will connect existing crypto exchanges with Ibinex’s into a single trading network.

The second phase will mark the beta launch of Markets (Alpha), which is Ibinex’s borderless exchange application programming interface (API) trading platform next year. This platform will open the Ibinex network to third-party providers such as notable exchanges, market makers, financial engineers, statistical analysis systems (SAS), algo-trading systems, and on/off market trade desks. Furthermore, Markets’ own crypto custodial services will be launched in the third quarter of 2019, together with the official launching of Markets (Beta).

Finally, the third phase will begin in 2020, wherein Ibinex will focus on establishing its free-market crypto-economy together with the public release of its infrastructure protocol. Once this has been accomplished, any developer will be able to build on top of the said infrastructure, allowing mainstream consumer applications to integrate cryptocurrencies flawlessly into their existing applications. The last phase will conclude with the completion of its exchange-traded fund (ETF) development early in 2021.

In a nutshell:

“Ibinex is a software development kit (SDK) product that gives developers and entrepreneurs the ability to offer their visionary products to the general public without the need for various distribution channels. It’s similar to Google Play and Apple iStore—just in the crypto exchange and trading space.”

Additional Licenses

Ibinex, which was founded in 2014, recently obtained operating licenses through the Estonian Virtual Exchange. Also, it is seeking to obtain additional licenses in the US through the money services business (MSB) license, Malta, Asia, and Australia.

Through the recently-obtained license in Estonia, Ibinex was given the permission to exchange crypto with other cryptos, fiat money to crypto, and vice versa. Also, it can provide crypto wallet services, both hot and cold, which will be served within the regulatory framework.

Simon-Grunfield
Simon Grunfeld, Ibinex CEO

This is on top of the firm’s registration with the Financial Crimes Enforcement Center (FinCEN), which is a bureau of the US Department of Treasury aimed at thwarting financial crimes.

Simon Grunfeld, CEO of Ibinex, earlier noted that they are “seeing more formations of regulatory rulings for cryptos in the EU region, and due to this progressive stance, companies like ours can find a compliant framework, from which to operate under.”

The firm is composed of over 100 members spread across the US, Israel, Panama, and the Philippines.

For more information, you may contact these:

Ibinex Financials Estonia OU
Talinn, Kesklinna linnaosa, Estonia
Office: 1-800-972-3981
[email protected]

USA Offices
315 W 36th St New York, NY
Office: 1-809-457-3981
[email protected]

In the meantime, you may head over here to our cryptocurrency news website to find out more about the recent developments in the crypto ecosystem.

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