Beaxy com Ratings & Customer Reviews Jan ’25

Beaxy com Ratings & Customer Reviews Jan ’25

Most traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well. If you’re one of those people, then this platform can still be for you. The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote.

The SEC continues to focus on determining whether digital assets are securities. While Beaxy Exchange was a relatively small exchange, the charges that tie back to the trading, clearing, and dealing of unregistered securities may have big implications across the industry. Indeed, the SEC has already charged or is investigating several large cryptocurrency exchanges with offering unregistered securities3. SEC Chairperson Gary Gensler recently reiterated his stance that proof-of-stake tokens should be regulated as securities4. This would be a significant change from the current regulatory environment, where most digital asset businesses are licensed and https://traderoom.info/beaxy-cryptocurrency-exchange-review/ regulated as money transmitters.

Financing options

Jesse is a graduate of Western Washington University, where he studied journalism and history. Since Beaxy is registered as an MSB in the US they are obliged to keep a reserve fund for their clients. When you trade on the exchange you can rest assured that up to $250,000 of your capital is insured and if the worst-case scenario would ever happens, Beaxy got you covered. It’s an automatic technical analysis tool that will let you choose from new setups just and it works exactly like Tinder where you swift left and right if you want to accept the new trade setup.

Beaxy is a relatively new cryptocurrency exchange and we see strong security features with an active insurance fund of up to $250,000 due to the registration as a Money Service Business. This adds to their credibility and we definitely recommend our traders to use this platform. Current regulatory guidance requires crypto providers to register as money service businesses (MSBs) with FinCEN and meet individual state registration requirements. Guidehouse can assist crypto providers in the pre-registration phase to obtain an MSB license from FinCEN and/or individual state licenses, including the New York State Department of Financial Services BitLicense.

• To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you.
• This would be a significant change from the current regulatory environment, where most digital asset businesses are licensed and regulated as money transmitters.
• The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote.
• Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does not change our opinions as all our recommendations are our own.
• We hope for Beaxy’s sake that this trading volume improves substantially.

Parent Company

In this section of our Beaxy review we highlight 6 special features that deserves extra attention. Customers of the exchange will be able to withdraw their assets within 24 hours after all user orders are canceled and balances are verified and are encouraged to do so within 30 days, the SEC said. To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you. Accordingly, we believe that this exchange has closed down and we have marked it as “dead” in our Exchange Graveyard.

Why use Beaxy

If the exchange’s website would become accessible again and the error is just temporary, we will “revive” it and bring it back to our Exchange List. Yes, Beaxy is registered as a Money Service Business in the US and is regulated by FinCEN, the Financial Crimes Enforcement Network. Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest.

Special Features

This platform lets all traders automate their trades on the exchange and use market-making strategies and other advanced strategies through the easy-to-use interface. You have the option to activate free crypto trading signals that will automatically give you a signal every hour or so based on preset criteria. These price predictions have a 63% win rate and are pre-built technically with data-driven pattern recognition. With these crypto signals you don’t have to look for setups on your own, everything is done by the computer. This platform is not only available from your desktop, you can also access it via your mobile.

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Beaxy employs institutional accounts for those who want to register as a business. There are severe perks of activating an institutional account such as a personal representative, advanced APIs, as well as very high withdrawal limits of up to 100 BTC per day. A full view of market depth, order book, and order flow is readily available as well as a sentiment meter that will inform you of the rough sentiment among buyers and sellers. One-click is available for all crypto scalpers out there who are looking to trade order flow. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers.

Beaxy has a very good platform with all tools that you could ask for. New traders will be able to trade as the platform is very easy to use and more experienced traders will be able to take advantage of more complex order selections. The chart is made by Tradingview which guarantees top-tier charting all the time. The trading interface is customizable and can be moved around as you like.

This next-generation digital asset exchange is employing at least 50 persons which makes this a very real operation in terms of the company size and the focus right now is to be able to serve traders in all of the US states. It is registered in the US as a Money Services Business by Financial Crimes Enforcement Network (FinCEN). Beaxy suspended services on its exchange and ceased operations “due to the uncertain regulatory environment surrounding our business,” the company said on its website—the SEC said in a statement Beaxy agreed to shut down the platform. The exchange was previously registered in Saint Kitts and Nevis, but it is now owned by Windy Inc. (a Delaware corporation) and Beaxy’s headquarters today are in Chicago, Illinois. If you are looking for new technology to improve your results you will be pleased to hear that Beaxy offers to trade with Hummingbot.