Beaxy

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Beaxy Exchange
Beaxy.png
Founded 2017
Headquarters Chicago, Illinois
Key People Artak Hamazaspyan, CEO and Co-Founder; Mittal Patel, CTO and Co-Founder; Franklin Fitch, Head of Marketing
Products Cryptocurrency Exchange
Twitter @BeaxyExchange
LinkedIn Profile
Facebook beaxyexchange/
Website Beaxy Home
Blog Beaxy Exchange blog

Beaxy is a cryptocurrency exchange that originally launched in June 2019. At that time, it offered cryptocurrency trading services for residents of 43 states in the U.S., as well as 184 countries around the world. Its trading services supported 25 different cryptocurrencies, including bitcoin, Ethereum, Litecoin, XRP, and Beaxy's native digital token, BXY.[1]

After launch, the exchange began suffering from multiple serious issues. Two months after the platform went live, a hacking attack caused a major crash on its BTC/XRP trading pair, allowing the hacker to abscond with 3.6 BTC and 111,000 XRP. This attack was reportedly due to the exchange's poor implementation of an XRP wallet.[2]

Products and Services

In March 2020, Beaxy launched Beaxy 2.0. The company said via a blog post that its redesigned platform included a number of new features, including an updated user interface, improved back-end technology (including new custody features), new mobile applications and "healthy" order books.[3]

The exchange allows customers to purchase cryptocurrencies using USD, EUR, GBP, JPY, CAD, and AUD.[4]

References