Binfinity: High-Frequency Trading for Crypto Space
Binfinity strives to create the first of its kind cryptocurrency exchange that fully meets all regulatory requirements and offers the level of services that meets the needs of top-notch institutional investors. The project is registered as a public corporation in Switzerland under the name Binfinity AG, and operates as a member of the Financial Services Standard Association (VQF), a self-regulatory organization that offers compliance services. The company also has subsidiaries in Australia and Spain, fully licensed by the corresponding authorities.
Binfinity offers a high-performance marketplace for digital assets that is customer-oriented, carries out its operations in a fully transparent environment, ensures unprecedented security of funds, and provides an exhaustive range of high-grade trading instruments.
The specification of the trading platform
The primary objective of Binfinity is to bring the means for high-frequency trading and efficient risk mitigation to the crypto space. This is achieved through the introduction of the suite of proprietary trading products labeled Raptor, which are functionally similar to the products used in the high-end trading firms. Also, the platform has a state-of-the-art matching engine, developed by Fusion Systems, which is capable of handling up to 2 million transactions per second.
BFC serves as one of the basic currencies on the platform. It is the ERC-20 token that can be used to purchase tiered membership, get substantial discounts on trading fees, participate in the affiliate rewards program, and stake the tokens within the framework of the future Binfinity Chain project.
- Michael Alfant. The founder and CEO. A vastly experienced specialist in the fields of finance and trading, who founded multiple tech companies across the globe. He served as a Head of the American Chamber of Commerce in Japan, an advisory member to the Stanford University business program, and currently occupies the director post at Healios.
- Huw Rogers. The co-founder and CTO. Rogers has 20 years of experience in fintech and risk management. He also specializes in high-speed algorithmic trading. Apart from being one of the founders of Binfinity, Rogers is a partner at Fusion Systems.
- Vaughan Marks. The co-founder and CMO. Another fintech specialist who is also an expert in computer science. Together with Rogers, he founded Fusion System. Before that, Marks worked at Bloomberg and Merrill Lynch.
Binfinity began its development in 2018 with platform elaboration and obtainment of the necessary regulatory approvals, the process which has been finalized around April 2019. By May 2019, Binfinity has already launched an alpha-version of the marketplace and listed a couple of dozen major cryptocurrencies. After the successful completion of the token sale, the project plans to launch a fully-fledged fiat and cryptocurrency trading, which is due to happen around August of this year.
Social media presence
Despite the seemingly well-prepared product, Binfinity is represented very poorly on major social media platforms. Their YouTube channel has only 6 subscribers, only 38 followers on Twitter, and 134 – on Facebook. Despite that, the project produces the content almost on a daily basis, trying to keep the audience up to date.
The IEO details
Binfinity is carrying out the IEO of BFC that provides for a 25% bonus for the minimum purchase of 1000 tokens. Moreover, the owners of the first 1000 verified accounts will get 100 free tokens. The current round of sale will end on August 7, though the IEO will run until mid-October. The price of 1 BFC is $0.1. The project accepts BTC, ETH, and USD. Citizens of Japan and the U.S. will not be allowed to participate in the token sale.