What Is Cobinhood Coin Exchange
Cobinhood Coin Exchange Review
Cobinhood is a zero fee Cryptocurrency Exchange.
With “Zero trading fees” Cobinhood allows for a multitude of features and benefits for its users.
The History of Cobinhood
Cobinhood's name lies on a central tenant, to steal from the rich and give to those in need (Robinhood reference).
Cobinhood started with a token sale that took place on September 13th, 2017.
The tokens all represented the start of Cobinhood and the development of the platform.
On November 13th, 2017 they launched their platform beta.
Then on December 18th, 2017 they launched the exchange with their first underwriting ICO for members, CMT.
They are currently planning on listing many more tokens shortly.
The Cobinhood Co-Founders:
Popo Chen - Linkedin
He is the current CEO and a masters degree holder of just 22 years old.
Wei-Ning Huang - Linkedin
The current CTO, an open-source coder for over five years, Google employee, and early adopter of Cryptocurrencies.
The Purpose of Cobinhood Exchange
Cobinhood was created to make a free “zero-cost” exchange.
With every Cryptocurrency exchange, trading, depositing, withdrawing, etc. cause the user to have to pay fees.
When the user is done, it can often add up.
That’s why they created a zero fee Cryptocurrency exchange.
On top of that, they aim never to have any downtime (Kraken) or problems like Mt.Gox had with hacking and a central infrastructure.
The Features of Cobinhood Coin Exchange
Zero Trading Fees
The most clearly defined feature of the Cobinhood Exchange is no trading fees whatsoever.
This is one of their ways to steal from the rich and give to the poor.
High Processing Speeds and Cloud Servers
This exchange boasts about being able to process more than one million orders per second with sub-millisecond latency.
On top of that, they are built on the Google Cloud Platform and with Golang for high concurrency.
This makes Cobinhood exchange’s order matching engine faster than most out there.
Cutting-Edge Security Protocols
Cobinhood discloses all offline and online public addresses for their wallets, to prove that no embezzlement is taking place.
On top of that, they store most assets on an offline multi-sig vault.
This requires 5 out of 8 geo-distributed hardware security modules to open...
While the Cryptocurrency stored online is backed by “insurance.” They also required 2FA for moving Cryptocurrency and email verification to add to the protection.
ICO Services and Underwriting ICOs
After seeing that there was a short falling space in the ICO industry, where even though a coin launched it had a hard time making it onto ICOs, Cobinhood stepped in.
They introduced their concept of Underwriting ICOs.
Or more specifically, featuring to their holders an ICO at a special price during a limited launch.
What is Underwriting an ICO?
This is a full blown service that offers a few different features:
- Due Diligence
- They will only underwrite promising ICOs after a thorough review.
- Spark Program
- This allows existing enterprises to integrate into blockchain services. In turn, they then can launch ICOs on the Cobinhood platform.
- High Liquidity
- By participating in the underwriting process, all ICOs will be immediately available for trading on the Cobinhood platform.
Multiple Fiat Gateways and Language Support
With Cryptocurrency being a global effort, Cobinhood aims to cut the barrier down.
They offer USD, EUR, JPY, KRW, CNY, HKD, CAD, GBP, AUD, and NTD for fiat currencies.
And they are planning multi-language support to cover 98% of the world.
What GCA Thinks of Cobinhood Exchange
Cobinhood is a very intuitive and well set-up exchange.
Unlike every other exchange at this point, they have 0 trading fees and will be offering exclusive ICO rights.
Pairing this together makes it an excellent exchange.
We currently do hold COB tokens and will continue to user Cobinhood’s platform.
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