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.
“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.
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.
PayBito’s brokerage application which runs on the FIX protocol 4.4 ensures a fast, secured, and uninterrupted connection between different exchanges. It enables the brokers and brokerage firms to gather market insight and also allow their clients and traders to easily connect with PayBito’s trading platform to execute crypto trading activities. It comes with a host of advantages such as:
1. Minimal latency and 24×7 uninterrupted connectivity with exchange
2. Quick transmission of a large amount of financial data in minutes
3. Sophisticated tools for connecting to exchanges
4. Advanced security of trader information
5. Seamless order execution
PayBito’s highly scalable brokerage application aims to accelerate the mainstream adoption of crypto globally by empowering brokerage firms and traders through easy integration and crypto trade.
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