Bancor vs BCEX vs Simex
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. | BCEX is a top 20 exchange focused on the Chinese market. | Simex is a crypto exchange that is focused on the Russian speaking market. |
Token Stats
Not Relevant | 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. | BCEX is a top 20 exchange that is aimed at the Chinese crypto market. Trading Fee: 0%-0.2% | Simex is an exchange that is focused on the Russian crypto market but is registered in the United States. Simex offers a limited token selection that users can purchase with USD or Rubles. They offer convenient debit card withdrawal options. Trading Fee: 0.2% Simex issued the SMX token, which gives holders discounts on trading. |