Biki Exchange vs Bancor vs CEX.IO
What problem does this service solve?
Biki allows users to trade a variety of cryptocurrencies. | Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged. | CEX.io is a London-based exchange that was initially launched as a cloud mining pool. |
Token Stats
Not Relevant | Not Relevant |
Company Description
The Biki Exchange is a cryptocurrency exchange that is based in Singapore and primarily targets Chinese traders. The exchange issued the BIKI token, which provides holders with discounts on trading fees, as well as other benefits. | 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. | CEX.io is a British company that changed its focus from mining into becoming a cryptocurrency exchange. CEX has made an effort to add many coins, and boasts of fill-or-kill (FOK) orders that allow for some of the industry’s fastest trading, but it has a poor record on privacy and transparency that should give pause to traders. |