Canadian Exchange ByteX Set To Offer Crypto Lending, Indices And Interest Income – Bitcoin News Press Release

PRESS RELEASE. The past decade has seen a massive paradigm shift in the global crypto trading scene. The space has unveiled several new and emerging markets for crypto trading platforms, and the trend is only increasing. One of the companies that has followed the growing trend is ByteX – a Canadian-based crypto exchange that is venturing into the international market and going global. Having established 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.

The creation of ByteX:

The platform is the brainchild of two co-founders, Robert Balazs and Sayan Roy, and was born out of a casual conversation over dinner. The concept came to fruition in August 2021, and in no time the founders had their B2B exchange built. ByteX was the only exchange in Canada that allowed users to generate multiple wallet addresses simultaneously according to their preferences. The platform also offered insured wallets to its B2B customers, which further boosted its credibility. The exchange’s weekly trading volume has increased fivefold (5x) since its October debut. Both Robert and Sayan saw the growth as an opportunity to make ByteX a household name globally.

Robert Balazs and Sayan Roy collecting the 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, with Robert’s hands-on experience implementing processes and systems that create efficiencies and eliminate redundancy, the ByteX platform will make great use of those skills when offering of its retail services.

Sayan is also turning 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 cryptography”. 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 crypto journey started when COVID hit the world. Sayan started by creating a token on the TRC-20 blockchain when contacted by Breathe Medical Manufacturing, where Mr. Balazs was the CEO. This is where he met Robert and started discussing cryptocurrencies. Those discussions evolved into ideas, and ideas evolved into ByteX.

The heart of ByteX:

By combining its existing crypto exchange services with offering crypto loans to investors, earning interest on their crypto wallets, and managing their crypto indices to encourage thematic crypto investments, ByteX is poised to grow and conquer the global crypto market with great success.

ByteX extends the service to retailers:

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

With 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 exercise due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Canadian Exchange ByteX Set To Offer Crypto Lending, Indices And Interest Income – Bitcoin News Press Release


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