CEX.IO Bitcoin Exchange

CEX.IO LTD.
Private (Ltd)
Founded 2013
Headquarters London, United Kingdom
Products Bitcoin
Website Official website

CEX.IO is a Bitcoin exchange and cloud mining provider possessing Ghash.io pool, established in London, 2013. As an online digital currency exchanger, CEX.IO offers trading Bitcoins for fiat money, such as USD, EUR and RUB.[1] The exchange charges 0.2% commission on each trade operation.

Cloud Mining

CEX.IO has been also known as a cloud mining provider.[2] Cloud Mining is a concept of forming groups (pools), where their joint efforts are rewarded with greater income, compared to individual mining with personal hardware. In case of cloud mining, all Bitcoin mining is done in the cloud, and once a block is mined, users receive payouts according to their shares via PPLNS.

In 2014, Ghash.io (mining pool of CEX.IO) Bitcoin mining pool contributed to over 42% of the overall Bitcoin mining power.[3]

Early 2015, CEX.IO announced about suspension of cloud mining services due to low Bitcoin price.[4][5]

Legal and Security

CEX.IO is registered as a Money Services Business within FinCEN (USA). The exchange possesses a PCI DSS certificate proving that the exchange shows required level of security due diligence for storage, processing and transmission of payment card data. CEX.IO applies Anti Money Laundering and Know Your Customer policy to all clients[6] Two-Factor Authentication via Google Authenticator or SMS/phone call is available for account security measures.

References

  1. ↑ Nuno Menezes (10 November 2015). "Cryptocurrency Exchange CEX.IO enables TradingView Charting". NewsBTC.
  2. ↑ CoinTelegraph (18 July 2014). "CEX.IO". CoinTelegraph.
  3. ↑ Robert McMillan (10 January 2014). "Bitcoin Stares Down Impending Apocalypse (Again)". WIRED.
  4. ↑ Stan Higgins (12 January 2015). "CEX.io Halts Cloud Mining Service Due to Low Bitcoin Price". CoinDesk.
  5. ↑ Stanislas Bromden (13 March 2014). "Jeffrey Smith of CEX.IO on Business Perspectives and Development". CoinTelegraph.
  6. ↑ Yessi Bello Perez (30 April 2015). "CEX.IO Opens Bitcoin Exchange to US". CoinDesk.

External links

Official website

This article is issued from Wikipedia - version of the 11/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.