Bancor vs B2BX vs UPbit
What problem does this service solve?
Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged. | B2BX provides clients with white label solutions for cryptocurrency trading professionals. | UPbit is the largest Korean trading exchange and is backed by Song Chi-Hyung, who is one of South Korea’s richest men. |
Token Stats
Not Relevant |
Company Description
Bancor is a decentralized exchange protocol that is designed to increase liquidity for Ethereum and EOS tokens. The company has been at the center of the debate about Decentralized vs Centralized Exchanges, as well as the overall need of institutions to serve as a hub for decentralized networks. Their protocol, and exchange, enable any token to hold one or other additional tokens in reserve. Bancor allows conversions between tokens on their decentralized exchange with smart tokens that increase liquidity, and establish market prices for smaller tokens. Specifically, for those that do not have large trading volumes. Bancor tokens facilitate the exchange and act as a connective tissue, and have a centralizing effect on the exchange. | B2BX is a cryptocurrency exchange and B2B crypto-trading service provider. In addition to its exchange, the company offers financial companies the tools and services they need to set up and manage their operations. The B2BX exchange offers B2B token holders a 35% discount on trading fees. | UPbit is a Korean exchange that was launched in October 2017 by Song Chi-Hyung, who is one of South Korea’s richest men. His company, Dunamu, is the holding company behind UPbit, was originally an online news aggregator, but quickly pivoted into Fintech, where it has done very well. UPbit is geared almost exclusively towards the Korean market, and offers a large number of BTC and Korean Wong pairs. |