Canadian Exchange ByteX Set to Offer Crypto Lending, Indices, and Interest Earnings – Bitcoin News Press Release

PRESS RELEASE. The past decade has seen a massive paradigm shift in the global crypto trading scene. The space has released several new and emerging markets for crypto trading platforms, and the trend is only rising. One of the companies following the growing trend is ByteX-a Canadian-based crypto exchange that ventures into the international market and becomes global. Having a solid foundation in the B2B crypto trading space in Canada, the platform is poised to provide retail B2C crypto lending services, facilitate the collection of interest on crypto wallets, and invest in crypto indices.

Creating ByteX:

The platform is the brainchild of two co-founders, Robert Balazs and Sayan Roy, and was born from a casual dinner conversation. The concept came to fruition in August 2021, and soon the founders built their B2B exchange. ByteX is the only exchange in Canada that allows users to generate multiple wallet addresses at once according to their preferences. The platform also offers secured wallets to its B2B customers, which further boosts its credibility. The exchange’s weekly trading volume has increased five times (5x) since its October debut. Both Robert and Sayan saw the growth as an opportunity to make ByteX a household name around the world.

Robert Balazs and Sayan Roy collect bytes:

Robert’s expertise in strategic management, executive leadership and financial services is the foundation of ByteX to offer consumers a Line of Credit (LoC), so they can borrow against their digital assets. Additionally, through Robert’s hands-on experience in implementing processes and systems that create efficiencies and eliminate redundancy, the ByteX platform will use those skills when offering retail services. its.

Sayan also spins the wheels of ByteX. An engineer by profession and an entrepreneur by passion, Sayan is an avid supporter of the crypto space and a hedonistic crypto investor. He often refers to Bitcoin as “the holy grail of crypto”. After graduating from Queen’s University, Sayan worked as an automation and design engineer for one of the largest theme park projects in the world. His journey in crypto began when COVID hit the world. Sayan started by creating a token on the TRC-20 blockchain when he contacted Breathe Medical Manufacturing, of which Mr. Balazs is the CEO. Here he met Robert and began discussing cryptocurrencies. Those discussions became ideas, and those ideas became ByteX.

The heart of ByteX:

By combining its existing crypto exchange services with offering crypto loans to investors, gaining interest in their crypto wallets, and managing their crypto indices to encourage thematic investing in crypto, ByteX is poised to grow and cover the global crypto market with great success.

ByteX expands service to retailers:

While serving the Canadian market, the founders realized that retail customers lacked service when it came to having a decent interest in their money deposited on centralized exchanges. ByteX aims to extend a line of credit (LoC) to crypto investors and help people maintain their assets by providing them with an alternative to selling.

At ByteX, Robert and Sayan aim to enable people to participate in the global cryptocurrency movement using a simple, user-friendly platform that brings together the fragmented crypto market.


This is a press release. Readers should make due diligence before taking any action in relation to the promoted company or any of its affiliates or services. Bitcoin.com is not liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in the press release.

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