The Biconomy Cryptocurrency Exchange provides its users with the opportunity to trade digital assets – cryptocurrencies. The exchange allows users to use Spot, P2P, and Futures trading. Also, Biconomy users have the opportunity to buy and sell cryptocurrency using bank cards.
We are world leaders and are in the TOP 50 largest exchanges; our immediate goal is to enter the TOP 10 and gain a foothold there.
Tell us about yourself?
Since childhood, I have been fascinated by companies. I was interested in how they are built, and I was interested in their capitalization figures, revenues, and other economic indicators. After taking trading courses from the private prop company SMB Capital, I learned to trade on the New York Stock Exchange. Then, I successfully traded for five years and managed a small family fund. By that time, a new and interesting tool for trading appeared on our screens – Bitcoin, and I was interested in it much more than other stocks.
I am not one of those who bought Bitcoin early, but I actively became interested in it and have immersed myself in this world since 2014.
In 2017, I already worked on one project as an Investment Director, and we managed to raise $20 million to develop the project. I also worked on business development for the company, and we managed to enter into partnerships with such technological giants as IBM, Amazon Web Services, Lenovo, AliCloud, etc. Since in this project I was also involved in the listing of our token and had a very close relationship with cryptocurrency exchanges, this is how I met my partner. We decided to create our own exchange. In 2019, it started, and we are successfully developing our own Biconomy Exchange.
Regarding education, I have a bachelor’s degree in economics and psychology from Yale University.
If you could go back in time a year or two, what piece of advice would you give yourself?
You know everything is going right in my life right now. There is nothing that I would like to change in life, returning a couple of years ago. You can not regret something and think that you did something wrong. It is very important to do the right thing here and now, and then if you go back to five or 10 years ago, you wouldn’t want to change anything. Because your right actions and decisions always lead you to the best in your business and happiness in life in general.
But if I could go back 10 years, I would advise myself to buy Bitcoins with all the money I had at the time.
What problem does your business solve?
From the outside, our business may seem very simple and not solve any significant problems. Generally speaking, a cryptocurrency exchange is a combination of a classic bank with a money exchanger and a stock market. And it may seem that we are just an exchanger, and people can come and buy and sell any coins on our exchange using other coins or fiat money.
But the fact is, we are a company of the new era of Web 3.0 technologies, which means that we solve the problems of Decentralization, Security, Data Privacy, and Scalability. We are also solving the huge problem of even distribution of wealth in the world – our users from more than 100 countries around the world have the opportunity to access finance and earn money through our exchange. In doing so, they can earn money to eat and support their families. We are active in Africa, India, and Asia, where there is a very large proportion of the poor, and just by using a mobile phone, our website, and our mobile application, they get affordable access to a world of opportunities and earning money.
What is the inspiration behind your business?
We want to become the world’s leading exchange and solve a problem for billions of people – free access to the cryptocurrency market and capital. We really want to make this world a better place and people happier, and we know how to do it. The cryptocurrency economy is the future of money and the future of the entire global economy, and we understand that we can help anyone in the world to change their financial situation and provide them with access to this new economy.
Any person in the world has the opportunity to freely invest in any digital assets; they have the opportunity to use our financial products and receive passive income from this (a product very similar to bank deposits).
One of the most important points is that we also train people in financial literacy. There are a lot of educational videos on our YouTube channel that helps people understand the world of cryptocurrencies, and our products and manage capital competently. Not a single bank in the world fully does this.
This is the great value of what we do for the world and every person in it.
What is your magic sauce?
We know our competitors and their products well, and we know what they do and how they do it. Therefore, we simply make better products – more profitable, convenient, and easy to use. This is the whole secret and magic sauce – to be simpler and more accessible. The world of cryptocurrencies is all about ease of use. If people want difficulties, they can go to the bank at any time.
What is the plan for the next 5 years? What do you want to achieve?
Five years is a very good period for the development of our exchange. During this time, we will create our own blockchain network, similar to the BSС from the Binance exchange, and of course, our network will be much cheaper and more efficient. Also, we will confidently gain a foothold in the line of world leaders in exchanges. This year our exchange is celebrating three years. We have built a fairly large ecosystem at the current moment, and in the next five years, we will create a huge company with hundreds of millions of users.
What is the biggest challenge you’ve faced so far?
I can’t single out any specific big problems. We are always busy. We are constantly solving routine problems and tasks related to products, people, our ecosystem, development, and partnerships. This is a very multifaceted business, and as a CEO, I am involved in many processes.
Now, the main task for us remains constant growth and development – this is the main issue I am constantly working on.
How can people get involved?
You can always access the world of cryptocurrencies on our website, www.biconomy.com/ . Here you can join our social networks and follow the news, or download our mobile application and use it anywhere in the world.
Of course, you can continue to live using ordinary money and the economy, but if you do not dive into the new now, then you will lag behind and lose the advantage in life. Join Biсonomy Exchange and let’s create a new economy together!
Made in CA does not endorse Biconomy or any activities in the cryptocurrency industry; this interview is merely for informational purposes. Investing in cryptocurrencies is an inherently risky activity, and as such, it is vital that you conduct your own due diligence before buying or selling any cryptocurrency and coming to your own conclusions.