PayBito becomes the first cryptocurrency exchange in India to offer a brokerage application powered by the FIX 4.4 protocol. It will enable brokers to allow their traders to gain access to easy and simple cryptocurrency trading.
Global cryptocurrency exchange PayBito creates a milestone by introducing the first-ever brokerage application in India, which is powered by the FIX 4.4 protocol. A global frontrunner in such advanced technology, PayBito is the first and only exchange in India to launch a brokerage application for crypto trading. Leveraging the application, the brokers enable their clients (traders) to directly access PayBito’s trading platform, which is considered as one of the world’s leading cryptocurrency exchanges.
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“PayBito is the first among cryptocurrency exchanges to launch such an advanced and sophisticated brokerage application globally. Its success worldwide urged us to include the growing Indian crypto market as well. The brokerage application by PayBito aims to dissolve the distinctions between different asset-classes. It will allow users to buy and sell crypto, easily alongside the other traditional asset and help brokers to expand their clientele as well,” commented Raj Chowdhury, Managing Director of PayBito.
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The brokerage application makes it easy for users to trade in cryptocurrencies, and by doing so diversify their asset portfolio beyond stocks, bonds, and shares. The broker or brokerage firm needs to just sign up and use the application for trading access to the PayBito exchange.
- PayBito’s Brokerage Application with FIX 4.4 Protocol Comes to India:
FIX stands for Financial Information Exchange. It is a standard trading protocol, recognized internally, which has been created to expedite the real-time transfer of a considerable amount of financial data between multiple market players. FIX is crucial for order management and trade systems, as it is one of the most important trading communication protocols.
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