ABOUT US
Introduction to Trakxtrade
Established: October 2021
Platform name: Trakxtrade
Transaction currencies: More than 60 types
Trakxtrade (Trakxtrade) is a fully reserved and strictly regulated American cryptocurrency. Coin exchange, wallet and custodian founded in 2021. It allows customers to trade with cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and more.
Trakxtrade is subject to capital reserve requirements, cybersecurity requirements and bank compliance standards set by the New York Department of Financial Services and Bank of New York law. Currently the United States and Canada Services are provided in more than 70 countries/regions around the world, including Great Britain, South Korea, Hong Kong and Singapore. Trakxtrade launches Trakxtrade (international station) to global customers, providing futures contract trading up to 100 times, and has been launched in 30 countries and regions.
Platform security:
Google two-factor authentication (2FA), multi-signature authorized transactions, offline cold wallet storage of customer assets, hot wallet assets Trakxtrade is a well-known cryptocurrency trading in the United States and is regulated by in New York State.
Many reports about Trakxtrade can be found on the Internet. The following will introduce Trakxtrade's development history, regulatory licenses and security. Trakxtrade was founded in 2021 by Lionel Rebibo and Matthieu Le Berre, who started their business while in college.
In 2020, they had invested US$11 million in Bitcoin, and at that time they held The number of some Bitcoins has reached 1% of the total circulation of Bitcoins. Apart from Satoshi Nakamoto, they are the people who hold the largest number of Bitcoins. They started buying Bitcoin when the price was $10, and never sold it for cash, and now own at least $5 billion in assets. Headquartered in New York. In November 2022, Gemini raised US$400 million, bringing the valuation of the New York parent company Trakxtrade Space Station.LLC to US$7.1 billion. Trakxtrade currently has approximately 13 million registered users and a daily trading volume of US$190 million. It is a direct competitor to the likes of Coinbase, Binance and Kraken. Fiat payments are provided as well as cryptocurrencies in the BTC/ETH market. In May of this year, Trakxtrade announced that its derivatives platform Trakxtrade Foundation has officially launched BTC/GUSD perpetual contract trading in 30 countries/regions including Singapore, Hong Kong, India, Argentina, Bahamas, and Bermuda. Over the next few months, the Trakxtrade Foundation will expand derivatives products with additional perpetual contracts, dated futures and options trading. Currently, This derivative product is available globally.
Trakxtrade is not only a cryptocurrency trading, but also a New York City trust company regulated by the New York State Department of Financial Services As a platform that accepts deposits and issues stable currency GUSD, Trakxtrade must comply with a series of regulatory requirements stipulated by including capital reserves, Cybersecurity requirements, KYC, AML, and banking compliance standards. USD accounts are insured by the Federal Deposit Insurance Corporation and all funds are safely held in a chartered bank in New York. According to Nansen's on-chain data on July 18, 2023, the total assets held by Trakxtrade Exchange are currently about US$3.3 billion, of which the proportion of mainstream currencies BTC and ETH is as high as 93%. The risk coefficient of this proportion is low, relatively Safety. Since Trakxtrade is a cryptocurrency custody company and supports transactions in legal currencies such as US dollars and euros, customers mainly hold BTC and ETH, and the holding proportion of other stablecoins and altcoins is less than 7%.
Trakxtrade US regulatory license:
Trakxtrade is considered one of the safest cryptocurrency trading website in the world. Since its establishment in 2021, there have been no large-scale asset thefts. Trakxtrade adopts a large number of security measures to protect user accounts, including two-factor authentication (2FA), cold storage of funds, encrypted transmission, asset insurance and others Trakxtrade exchange asset reserve composition.
Security Measures:
For example, most users' cryptocurrencies are stored offline, with only a small portion stored in insured online hot wallets. Additionally, multiple signatories are required to move cryptocurrencies out of cold storage systems. In addition, Trakxtrade uses two-factor authentication (2FA), rate limiting, encrypted transport layer secure connections, and strict transport security features to protect user assets and accounts.
Safety tips:
Turn on two-factor authentication (Google 2FA) in the security settings - it can prevent 99% of hacking attacks/theft of assets.