Since the advent of Cryptocurrency, it has presented us with a lot of opportunities to make money and become financially independent. One of these numerous opportunities being capitalizing on the volatility of cryptocurrencies to make money every day trading cryptocurrencies.
But to be able to trade crypto, you need an exchange.
Now there are a lot of crypto exchanges out there, but the problem with the exchanges we have today is that they are not structured in a way that will help traders get the most out of their trading. In fact, it is quite the opposite.
If you are a seasoned day trader, you must have noticed the problem exchange fees bring to trading. These different magnitudes of fees cut into your profit a lot and they are charged on every single trade you make. And stuff like margin trading that help you get the most out of your trading are almost non-existence.
If only there is an exchange out there with focus on helping traders get the most out of their by eliminating trading fees and providing things like a very competitive margin trading…
Enter — Cobinhood.
Cobinhood is set to revolutionise the crypto exchange industry with focus on helping traders maximise their trading profit while providing an exceptional trading platform at the same time. Cobinhood offer zero trading fee platform and let you leverage the power of margin trading to maximize your profit.
Here are the reasons why you will love Cobinhood:
1. Zero Trading Fees and Margin Trading up to 10x Leverage.
As we have already pointed out, what makes Cobinhood so special is that they are the first cryptocurrency exchange in the world to offer zero trading fees on spot trading. Not only that, you can capitalize on the power of margin trading of up to 10x leverage to get the most out of your trading.
2. Secured Crypto Assets Deposit.
Cobinhood stores assets in an offline multisig vault, consisting of 8 HSMs (Hardware Security Modules). This means that transactions which use the multisig wallet will require 5 out of the 8 HSMs to proceed.
Also crypto assets stored in the online wallets are backed by insurance.
3. High Performance Order Matching Engine.
Cobinhood has an order matching engine which is one of the best in the world. The Cobinhood matching engine can process millions of orders in milliseconds.
4. Support for Multiple Fiat Currencies.
Cobinhood platform will support all mainstream fiat currencies. Some the currencies that will be supported by Cobinhood include USD, EUR, JPY, KRW, CNY, HKD, CAD, GBP, AUD and NTD.
5. Multi-Language Support.
Cobinhood will be a multilingual exchange platform with plans to cover 98% of the world’s language. This goes to say that Cobinhood is truly an international crypto exchange.
6. 24/7 Customer Service.
One of the problems we face with today’s exchanges is poor customer support services. For some exchanges, it can take up to a week for somebody to answer your ticket.
I have tried Cobinhood support service myself and I can tell that the really take customer support service very seriously.
Cobinhood promises to respond to every customer within a day at maximum, and so far, they have been keeping to that.
7. Friendly KYC process.
Cobinhood promises to provide user-friendly and timely identity authentication services, otherwise known as KYC (Know Your Customers).
KYC is necessary in order to comply with Anti Money Laundering Laws.
Other Services Offered by Cobinhood:
ICO Underwriting Service:
Cobinhood also offer ICO underwriting service with the aim of only underwriting high-quality, promising ICOs that have passed stringent due diligence, smart contract code review, and legal compliance review by Cobinhood’s dedicated ICO review team.
In addition to that, Cobinhood’s ICO Spark Program will help well-known enterprises, successful start-up companies and celebrities launch their ICOs.
Some of the ICOs Cobinhood has successfully underwritten include Cybermiles ICO, which sold out in just 48 hours, raising over 84,000 ETH.
More details of the Cobinhood ICO service, including its features and how to apply can be found here.
Cobinhood Future Plans:
Decentralized Cryptocurrency Exchange:
Although they are yet to do this, but Cobinhood has plans to build a decentralized cryptocurrency exchange later in the future.
Cobinhood also plan to launch a service that will be known as Cobinhood Prime for individual traders in 2018.
Interested traders can subscribe to the Cobinhood Prime service for higher leverage on margin trading, lower latency ticker, higher trading API rate limit on Cobinhood exchange. Also, Cobinhood Prime subscribers will have escalated customer success account manager, and 100% uptime SLA.
Cobinhood Prime service will subjected to annual subscription fee.
Cobinhood High-Frequency Trading Server:
Cobinhood also plan on launching its high-frequency trading server subscription service for investment banks, hedge funds, and institutional investors.
This service will also be based on annual subscription fee.
Cobinhood Financial Center:
Cobinhood will also launch more financial products and services in the future. Some of these will include but not limited to cryptocurrency wallet, payment services, and crypto assets trading with stocks, forex, commodity, market indexes and futures.
Cobinhood has its own cryptocurrency and it is known as COB. The COB token is tradable on the Cobinhood Exchange.
Here are some of the benefits of being a COB token holder:
- You can get up to 50% off margin trading loan interest when you pay with COB tokens.
- When Cobinhood underwrites an ICO, COB token holders will be able to get future ICO tokens at significantly lower rates. The amount of ICO tokens that a COB token holder can get depends on the number of COB tokens you have.
Cobinhood also promises to make efforts to maximize a COB token holder’s benefits as there may be more privileges for COB token holders in the future.
Given what Cobinhood has to offer, it is very clear that they are not here to be just another crypto exchange. Cobinhood aims to be the No.1 in the industry with focus on helping traders get the most out of their trading. Therefore I think Cobinhood is an exchange platform every serious crypto trader out there should join if you really want to get the most out of your crypto trading adventure.