GB : GBG helps XBrick deliver the next generation of cryptocurrency exchange

Published: Wednesday July 18, 2018

Melbourne, Australia, 18 July 2018: XBrick, the world-class cryptocurrency exchange, has turned to GBG to help onboard good customers and alert suspicious activities in seconds.

XBrick's high performance trading platform can process over 2 million orders per second. It currently supports over 40,000 professional trading and corporate level users, who purchase tokens to conduct exchanges and trades.

Blockchain technology is revolutionising the world, but the decentralised nature of the cryptocurrency market has recently raised issues around regulations and transparency.

With GBG ID3global, XBrick is prepared for the future. The solution can verify the identity of over half the world's population in seconds, giving XBrick peace of mind that they are remaining fully compliant.

By automating the KYC (Know Your Customer) and PEPs (Politically Exposed Persons) & Sanctions checking processes, the company is able to focus on meeting its ambitious growth objectives.

Leafer Zhao, CEO at XBrick explains: 'Since using GBG ID3global for near instant verification of new customers, we've dramatically sped up the overall onboarding process and we've already seen higher levels of customer satisfaction. The impact this has had on business has been great, and we're looking forward to continuing to grow with GBG by our side.'

Mathew Demetriou, Country Manager, ANZ at GBG says: 'XBrick is an ambitious company which places a lot of emphasis on ensuring an exceptional experience for its customers. We are thrilled to be helping them achieve their goals at such a pivotal point of their business journey.'

-ENDS-

Media enquiries:

Lauren Hill, PR & Social Media Manager, GBG

E:[e-mail]

About GBG:

Through our fundamental belief that the digital economy relies on everyone having access to data they can trust, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society.

Headquartered in the UK and with people in 18 countries, GBG has some of the world's biggest organisations as its customers, from established brands like HSBC, Zurich Insurance, LEGO and Lufthansa, to disruptive newcomers such as Stripe and Plus500.

Find out more about how we use identity data intelligently at www.gbgplc.com, following us on Twitter @gbgplcand visiting our newsroom: www.gbgplc.com/newsroom

About XBrick:

XBrick is a global cryptocurrency exchange. The core members of XBrick team have previously held senior positions at various ASX listed entities, Australian boutique family offices and premier financial organisations.

XBrick's 2018 strategy is to stand out of the market by launching our Trading System 2.0 with an enhanced Dynamic Liquidity Providing Engine, innovative Wall-Street level advanced order types, and tailored corporate account management systems.

The XBrick team is a group of blockchain supporters with a deep sense of social responsibility. Part of our revenue will be used to promote the blockchain technology through initiatives such as educating the public on the benefits of blockchain, hosting global blockchain forums and summits, creating university scholarships, and encouraging researchers to explore blockchain technology.

Find out more about XBrick at www.xbrick.io