The new Cryptocurrency Exchange Fedlio will be officially opened on July 15, 2019.
Fedlio is proudly owned by the Seychelles Commercial Bank. This fact is the most important step in recognition of cryptocurrencies by traditional financial institutions, which opens the way to mass adoption by professional investors.
Fedlio is a combination of blockchain and trading technologies from the previous exchange team, plus legal support and compliance provided by SCB. Thanks to this association, Fedlio is expected to occupy one of the leading places on the cryptocurrency market in the world.
The main priorities in the development of a new exchange are the improvement of the quality of trading instruments, the launch of OTC trading for large financial institutions, the preservation of a simple and reliable ways of withdrawing fiat funds.
The head management of the exchange intends to continue to actively attract new audiences through contests, free coin distributions and other campaigns, organized jointly with the coin developers and their communities.
Fedlio is the successor to the BiteBTC exchange. This means that all accounts, balances, transactions and other data were transferred to Fedlio. Additionally, Fedlio assumes all obligations to return the funds that were frozen at BiteBTC. As part of the updated KYC procedure, all blocked user accounts will be moved to the status of temporarily suspended. This group of users will have the opportunity to provide data to restore their accounts. The compliance team will be the responsibility of a team from the SCB department, which has the authority to restore and return the traders balances.
We welcome traders worldwide to join Fedlio!