Press Releases

Future-Oriented, BIB Exchange Puts Focus on Security and Stability

Established in 2021, BIB is a Singapore-based cryptocurrency exchange with licenses issued by Financial Crimes Enforcement Network (FinCEN) in the U.S. and Financial Transactions and Reports Analysis Center of Canada (FINTRAC).
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The cryptocurrency space has been at a fastest-growing pace ever since the inception of Bitcoin. Associated with this, there’s a significant increase in new trends emerging every year, ranging from the original ICO to the unparalleled NFT.  Escorted by an amazing amount of innovation and development just a few years away, crypto companies are facing the growing challenges of balancing security and privacy practices with new products and features, meanwhile BIB is tasked with leading strength to a new era of blockchain.

Security, reliability, mobility and ease of use are key elements that have always been a major concern to crypto traders as well as to would-be investors, but BIB found a best way to settle it.  BIB is an integrated cryptocurrency exchange with its industry-leading ecosystem and tech diversity poised to take off.

With a team of experienced experts from all areas of the blockchain, BIB stands out in terms of privacy, stability, products and services. BIB’s mission is to bring the digital transformation and future of finance to every individual and organization for a fully decentralized economy. To this end, BIB will drive leading advancement and deliver convenience and intelligence; build a powerful integration platform to offer users a more immersive and futuristic experience across all scenarios, including De-Fi, Game-FI, Social-Fi, Web3.0, Metaverse.

BIB CEO Jearon Wong said that while the industry is putting the Covid pandemic in the rearview mirror, we have already made further progress.

“It has always been BIB’’s vision to protect our user’s digital assets and provide innovative products and services. Especially in this highly dynamic area of digital financial products, our strategic approach is to provide a frontline approach to bridging the gap with the new era of fintech. ” Jearon told the media in an interview at BIB’s office in Singapore.

What is BIB?

Established in 2021, BIB is a Singapore-based cryptocurrency exchange with licenses issued by Financial Crimes Enforcement Network (FinCEN) in the U.S. and Financial Transactions and Reports Analysis Center of Canada (FINTRAC).

The exchange provides trading services between cryptocurrency and fiat currencies. Backed by Singaporean Venture Capitalists, BIB is poised for a tremendous global market expansion. As of June 2022, BIB is available to provide secure and convenient trading services in over 53 countries & regions and lists 70 cryptocurrencies available for trade.

Strong Focus on Security

BIB provides an easy-to-use and fault-tolerant solution of private key management, and offers a secure environment to ensure the safest possible access control, data encryption, monitoring and isolation. BIB’s internal networks are protected by firewalls and not exposed to the open internet. All internet traffic is also encrypted to the same standard as external services. BIB’s firewall policies are designed to allow minimum permissions for different applications and roles to interact.

In order to ramp up the depth of trading, BIB team is constantly upgrading key trading systems through data computing and technical optimization, improving the performance of the trade aggregation engine, and combining exclusive coin mixing technology to enhance the security and stability of its trading system.

Get started with instant zero fee deposits and withdrawals on BIB, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 customer support.

Don’t forget to subscribe to BIB’s social media channels to stay up-to-date with their latest news!




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Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@blockonomi.com

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