After experiencing the impact of the pandemic in 2020, the global economy gradually began to recover in 2021. The prices of mainstream cryptocurrencies such as Bitcoin and Ethereum reached historic highs, and the total market value of cryptocurrencies continued to rise, demonstrating strong market vitality and growth potential. During this year, CBASOX not only consolidated its foundation as a trading platform but also further expanded its ecosystem in the cryptocurrency world.
Key Developments for CBASOX
Of particular note, on January 9, 2021, CBASOX obtained the MSB license issued by the Financial Crimes Enforcement Network (FinCEN) of the United States, signaling the determination of CBASOX to operate compliantly in the cryptocurrency market.
In May 2021, CBASOX partnered with CM-Equity AG, a German regulatory-compliant cryptocurrency asset management and brokerage services company, and began operating compliantly in the European market, expanding the presence of CBASOX to Europe.
Additionally, CBASOX established partnerships with several well-known blockchain projects such as Cosmos (ATOM) and Chainlink (LINK), enhancing the competitiveness of CBASOX in the global market and providing users with more investment choices and opportunities.
In July, CBASOX collaborated with Stanford University Blockchain Research Center to jointly develop innovative blockchain technologies and launched the open learning channel CBASOX EDU, aimed at helping beginners and advanced investors enhance their knowledge and investment skills. This not only strengthened the capabilities of CBASOX in technological research and development but also demonstrated the commitment of the platform to promoting blockchain education and increasing public awareness of cryptocurrencies.
In October, CBASOX received investment from the Rothschild family in the European market, providing strong financial support and industry resources to CBASOX, further accelerating global expansion and ecosystem development.
In addition to the above key milestones, CBASOX also focused on launching and improving the following aspects of ecosystem services:
CBASOX Mining Pool: Supporting various cryptocurrencies, optimizing mining tasks allocation through advanced algorithms, and providing efficient and low-cost mining services to tens of thousands of miners worldwide.
CBASOX Incubator: Aimed at providing incubation and investment for blockchain and cryptocurrency entrepreneurs, projects, and communities, CBASOX offers seed investments, mentor support, social support, and service support to help startup teams launch quickly and realize their ideas and innovations.
Empowering Industry Participants
CBASOX understands that building the infrastructure of the cryptocurrency industry cannot be achieved by one entity alone. Therefore, we actively took measures to evolve our core trading platform into an "open platform," allowing partners and customers to develop and expand their own businesses and products based on it. In 2021, our CBASOX Global Alliance program successfully attracted applications from over 50 institutions and investors worldwide, with 27 officially becoming our partners, collectively sharing the high liquidity and market depth of the CBASOX platform.
In 2022, CBASOX will focus on the following directions:
Compliance remains the foundation for our long-term development. Therefore, in 2022, we will strengthen cooperation with global regulatory authorities to ensure that our operations fully comply with local laws and regulations.
Technological Innovation and Security Upgrades: CBASOX will continue to invest in blockchain technology research and development, especially in innovating to improve transaction speeds, reduce costs, and enhance user asset security. We will also strengthen the application and optimization of security technologies such as smart contract auditing, multi-signature technology, and cold storage solutions to ensure the highest security standards for the platform and user assets.
Global Strategy and Partner Network: CBASOX will continue to expand its business coverage globally by establishing regional centers and strategic partnerships to deepen connections with local markets. Additionally, through cooperation with leading companies, innovative projects, academic institutions, and regulatory bodies within the industry, we aim to jointly promote the healthy development of the cryptocurrency market.
CBASOX has always emphasized that sustainable development of the cryptocurrency market relies on user education and community support. Therefore, CBASOX will continue to host various forms of educational activities, such as online seminars, open courses, and user forums, to enhance user understanding of cryptocurrencies and blockchain technology.
In the future, CBASOX will continue to expand its ecosystem based on market demand and technological advancements, introducing more innovative services such as decentralized finance (DeFi) products, NFT markets, and cross-chain solutions to provide users with more comprehensive and efficient cryptocurrency services.
As we enter 2022, the entire CBASOX team is confident and looks forward to achieving more robust and innovative development on the foundation of compliance.