Crypto exchange Bibox launching Bibox EU to expand services

Bibox, a bitcoin and crypto asset exchange company, will soon be launching Bibox Europe to allow easier access to digital assets by supporting fiat currency to crypto brokerage services. Bibox EU is regulated and compliant with Swiss banks and will offer insurance protection. Bibox Europe plans to provide crypto trading and crypto — fiat (US dollars, Euros, English pound, Swiss franc, etc) trading.

Co-founder of Bibox, Aries Wang

More details will be announced soon, but the plan is for Bibox Europe to support 4 business segments:

1. Getting Digital Assets with Fiat Currencies

Bibox Europe received European major banks’ authorization to provide users with access to USD, EUR, GBP, and CHF.

2. Compliance and Insurance

Bibox Europe has reached a partnership with a regulated custodian to protect the assets of cold wallets. Also, Bibox Europe signed a warranty service with an insurance company. If any uncontrollable third-party factors lead to loss of customer assets, the insurance company will reimburse the claim in full.

3. Credit Card Payment

Bibox Europe will be issuing Bibox credit cards, working with major credit card service providers. Users would enjoy the freedom of purchasing a wide range of cryptocurrencies paying with Bibox VISA/MasterCard. Also, Bibox will provide more application scenarios to its native token in the international payment field.

4. OTC Trading

Partnerships with leading OTC trading desks in Asia, Europe and America, including FBG Capital, to implement rapid order execution and process transactions globally involving over 20 cryptocurrencies.

[perfectpullquote align=”full” bordertop=”false” cite=”The Bibox Team” link=”” color=”” class=”” size=””]”Bibox Europe has set its mind on being a Blockchain Financial Service Company with compliance and full-dimensional guarantee. The company mission has been recognized by its equity investors, and it has reached cooperation with internationally renowned hedge funds, family offices, asset management institutions, and payment companies to establish multi-dimensional compliance, security, and comprehensive Bibox Finance Ecology.”[/perfectpullquote]