Victor Gherbovet, FirstByt's CEO, introduced a platform that aims to bridge decentralized and traditional finance.
As Finance Magnates learned, after starting on Solana, it will also expand to other chains.
Victor Gherbovet, the CEO and Co-Founder of FirstByt
In the
first half of this year, Victor Gherbovet, who previously collaborated with the
FX/CFD broker Admirals for over a decade, decided to launch his own
software-as-a-service (SaaS) technology company, FirstByt. Now, as Finance
Magnates exclusively learned, the company is introducing a white-label
solution for firms looking to launch their own decentralized cryptocurrency
exchange (DEX) within a few days.
FirstByt Launches DEX
White Label Solution on Solana, Eyes Multi-Chain Expansion
FirstByt
unveiled its
first products in April this year, though the company had been in
development for the past few years. Now, as Finance Magnates has
learned, the company is introducing one of the first DEX white label solutions
on the market, dubbed DexTrader.PRO starting with the Solana blockchain.
The
platform, which can be deployed in just 24 to 48 hours, offers a suite of
customizable features including SWAP functionality, limit orders, and
dollar-cost averaging (DCA) tools. As Gherbovet stated exclusively for Finance
Magnates, this fast setup time represents an important shift in an industry
where DEX deployments typically require more extensive timeframes.
The look of white label DEX. Source: FirstByt
“While
we're starting with Solana due to its high-speed and low-cost transactions,
we're actively planning to expand to other prominent blockchains like Ethereum,
Binance Smart Chain, and Polygon,” the FirstByt’s CEO and Co-Founder added.
However, the
move towards multi-chain compatibility is part of FirstByt's strategy to bridge
the gap between decentralized finance (DeFi) and traditional finance (TradFi).
“We're
aiming to introduce decentralized money management features alongside
traditional financial instruments like Forex, commodities, and Indices,
creating a comprehensive solution for both crypto-native traders and those
transitioning from traditional markets,” Gherbovet shared.
FirstByt's
white-label solution offers customization options for businesses. These include
user interface personalization, feature selection, and the ability to set
custom commission and fee structures. “Our goal is to provide businesses
with the flexibility to tailor the platform to their specific needs while
leveraging our robust technology,” Gherbovet added.
Security also
remains a priority for FirstByt. The platform incorporates multiple layers of
protection, including smart contract audits, decentralized custody, and
encryption measures to safeguard users and their assets.
The launch
of FirstByt's DEX solution comes at a time of growing competition between
decentralized and centralized exchanges. As the crypto industry places
increasing emphasis on security and transparency, DEXs are emerging as viable
alternatives to traditional centralized platforms.
Gherbovet is not the only former Admirals executive who decided to go independent this year. Previously, Bartosz Bielec, a market veteran with 20 years of experience, launched a new CFD business named Prime Quotes. Bielec had previously served as a long-time director and Board Member at Admirals and was also the Chief Commercial Officer at Alpari.
In the
first half of this year, Victor Gherbovet, who previously collaborated with the
FX/CFD broker Admirals for over a decade, decided to launch his own
software-as-a-service (SaaS) technology company, FirstByt. Now, as Finance
Magnates exclusively learned, the company is introducing a white-label
solution for firms looking to launch their own decentralized cryptocurrency
exchange (DEX) within a few days.
FirstByt Launches DEX
White Label Solution on Solana, Eyes Multi-Chain Expansion
FirstByt
unveiled its
first products in April this year, though the company had been in
development for the past few years. Now, as Finance Magnates has
learned, the company is introducing one of the first DEX white label solutions
on the market, dubbed DexTrader.PRO starting with the Solana blockchain.
The
platform, which can be deployed in just 24 to 48 hours, offers a suite of
customizable features including SWAP functionality, limit orders, and
dollar-cost averaging (DCA) tools. As Gherbovet stated exclusively for Finance
Magnates, this fast setup time represents an important shift in an industry
where DEX deployments typically require more extensive timeframes.
The look of white label DEX. Source: FirstByt
“While
we're starting with Solana due to its high-speed and low-cost transactions,
we're actively planning to expand to other prominent blockchains like Ethereum,
Binance Smart Chain, and Polygon,” the FirstByt’s CEO and Co-Founder added.
However, the
move towards multi-chain compatibility is part of FirstByt's strategy to bridge
the gap between decentralized finance (DeFi) and traditional finance (TradFi).
“We're
aiming to introduce decentralized money management features alongside
traditional financial instruments like Forex, commodities, and Indices,
creating a comprehensive solution for both crypto-native traders and those
transitioning from traditional markets,” Gherbovet shared.
FirstByt's
white-label solution offers customization options for businesses. These include
user interface personalization, feature selection, and the ability to set
custom commission and fee structures. “Our goal is to provide businesses
with the flexibility to tailor the platform to their specific needs while
leveraging our robust technology,” Gherbovet added.
Security also
remains a priority for FirstByt. The platform incorporates multiple layers of
protection, including smart contract audits, decentralized custody, and
encryption measures to safeguard users and their assets.
The launch
of FirstByt's DEX solution comes at a time of growing competition between
decentralized and centralized exchanges. As the crypto industry places
increasing emphasis on security and transparency, DEXs are emerging as viable
alternatives to traditional centralized platforms.
Gherbovet is not the only former Admirals executive who decided to go independent this year. Previously, Bartosz Bielec, a market veteran with 20 years of experience, launched a new CFD business named Prime Quotes. Bielec had previously served as a long-time director and Board Member at Admirals and was also the Chief Commercial Officer at Alpari.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
CFTC Drops Prediction Markets Ban Proposal, Aligns With SEC on Crypto Oversight
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
