Bibox vs BitForex vs Bancor
What problem does this service solve?
Bibox is an AI enhanced crytpo exchange that is based in China. | BitForex is a large exchange with a large variety of currency pairs. | Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged. |
Token Stats
Not Relevant |
Company Description
Bibox is an exchange based in China. The platform offers a range of currency pairs and has a native Bibox token, that gives users a 50% discount on trading fees. | BitForex is a cryptocurrency exchange with headquarters in Singapore. BitForex also has several offices in other countries. It is one of the larger exchanges by trading volume and offers a large variety of trading pairs. Trading and withdrawal fees are similar other exchanges. | 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. |