COBINHOOD Adds Fiat-Crypto Trading Pairs
July 17 2018 - 1:09PM
ADVFN Crypto NewsWire
Bitcoin Globla News (BGN)
July 17, 2018 -- ADVFN Crypto NewsWire -- Starting from July 20,
2018, COBINHOOD will accept USD deposits. Based on a
no-fee trading process, the company is modeled similarly to
Robinhood, which added cryptocurrency trading to its platform
earlier this year. Both platforms are marketed toward millennials,
hoping to be a gateway to the investment world through mobile
phones.
The exchange’s management notes
that its trading platform complies with all applicable
know-your-customer (KYC), touting that its services meet KYC Level
3 grade. This ensures that its crypto trading platform complies
with the most stringent financial regulations worldwide.
“Traders know there are
opportunities abound for value, so it's a very synergistic time to
debut fiat trading on the COBINHOOD platform. There's no doubt in
my mind that many value investors were waiting on the sidelines
until prices rationalized, and so the near term promises to be an
exciting time for exchanges that can offer the liquidity fiat
options provide.” - Popo Chen, Founder Cobinhood
Diversified
Services
Payment Processing - COBINHOOD
partnered with online payments company Epay to offer users an
intuitive payment interface for payment of the fiat-crypto
pairs.
ICOs -
COBINHOOD supports a dedicated crowdfunding platform for
organizations to launch their ICO through.
Decentralized
Exchange - The cryptocurrency will expanding its
operation further through a partnership announced last month with
IDG Capital, an investment company that manages over $20 billion in
clients’ assets. IDG Capital will provide the financial backing for
it to launch a decentralized crypto exchange (DEX).
Margin
Trading - Last month the exchange announced that it
would would beta testing allowing users to trade cryptocurrencies
on margin as well.
By: BGN Editorial Staff
News:
COBINHOOD Cryptocurrency
Exchange
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