Pretty much all of “Chinese” exchanges come from that company: IDAX, BitMax, Bibox, etc.
The business model is pretty simple. Sell you a whitelabel for cheap. Then when you want to customize it or have issues, you have to pay through the nose and by the hour for their engineering help. It allows the exchange to run with a skeleton staff, mostly marketing. And also makes it easy for liquidity providers to integrate (cuz exchanges are almost all based on the same matching engine). Pretty sure the chainup matching engine is the same as Binance’s.
CZ said in interview he has company that resells engines for exchanges. so you say chainup just copied engine and sells cheaper?
https://www.chainup.com/
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googled already but first i like to reply from my memory/knowledge :)
thanks!
Pretty much all of “Chinese” exchanges come from that company: IDAX, BitMax, Bibox, etc.
The business model is pretty simple. Sell you a whitelabel for cheap. Then when you want to customize it or have issues, you have to pay through the nose and by the hour for their engineering help. It allows the exchange to run with a skeleton staff, mostly marketing. And also makes it easy for liquidity providers to integrate (cuz exchanges are almost all based on the same matching engine). Pretty sure the chainup matching engine is the same as Binance’s.
Posted using Partiko iOS