sFOX

About

SFOX (San Francisco Open Exchange or SFOX) is a cryptocurrency prime broker and trading platform started in 2014. This exchange was created by George Melika and Akhbar Thobani as a platform for institutional trading. sFOX works as a virtual company without an office. The main customers of the platform are hedge funds and institutions that use its services to trade in various parts of the world via one trading account. Key features of SFOX: • Combines crypto liquidity from 30+ liquidity providers across 80+ marketplaces. • Provides a single account to access worldwide trading opportunities. • Supports more than 15 algorithms and order types for automated trade execution. • Allows for optimal price execution with less slippage and enhanced performance. • Provides full trade lifecycle support, including custody, clearing, and settlement. • Uses encrypted cold storage with no hot wallets or outside ledgers. • Maintains high security standards with SOC 2 certification, FinCEN registration, and 24/7 support. SFOX Milestones: Year Key Achievements 2014 Founded by George Melika and Akhbar Thobani as San Francisco Open Exchange (SFOX) 2018 Estimated yearly revenue of $15 million, and raised $22.7 million in funding led by Y Combinator and Tribe Capital 2019 Partnered with M. Y. Safra Bank of New York to offer FDIC-insured deposit accounts for crypto traders 2022 The U.S. Department of Justice ruled that SFOX must provide the IRS with trading records for users with transactions of $20,000 or more 2025 Continued operations as a regulated, institutional-focused crypto trading platform

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