Platform enabling unprecedented dominion
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Start Date
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Smart contract blockchain
Team:
Popo Chen - Cobinhood Ceo And Founder
Du Jun - Cso, Co-founder Of Huobi
Pu-chen Mao - CTO
Wei-ning Huang - Advisor
Shao-yu Wang - Advisor
Tz-iu, Jeng - Advisor
COBINHOOD is the world's first "ZERO Trading Fees" cryptocurrency exchange with the vision to maximize traders' profits. Traders can now enjoy ZERO trading fees for spot trading and margin trading for up to 10x leverage.
COBINHOOD stores the vast majority of the crypto asset deposits in an offline multisig vault, which requires 5 out of 8 geo-distributed hardware security modules to open. Furthermore, crypto assets stored in online wallets will be backed by insurance.
COBINHOOD's proprietary order matching engine can process millions of orders with sub-millisecond latency. The whole system is designed to be fully distributed, highly-available, and auto-scalable—achieving true real-time trading experience for traders around the globe.
Expert Review
Cobinhood wants to create an exchange, possibly the first one without any fees. If they succeed to deliver this promise, it may become the best choice for any type of trading and gather almost every crypto investor. They don't limit themselves to any type of user, and as a great advantage acts the fact that their platform will be available in 10 major languages and will support numerous popular FIAT currencies. With the popularization of ICOs and new tokens, they want to build a trustworthy ICO ecosystem and check carefully every listed token. The site and prototype of the exchange look very good when it comes to design and usability. Cobinhood team is very large and with so many skilled people, they will most likely successfully deliver the platform.
When it comes to advantage of cobinhood exchange we can list:
- zero trading fees
- secured crypto asset offline deposit
- fast oder matching (they claim to be able to process millions of orders with sub-millisecond latency)
- ICO research (they want to provide all the information about ICOs that will be listed there)
- wide range of supported FIAT currencies (USD, EUR, GBP, JPY and many others)
- site translated to a lot of languages
As they say: "COBINHOOD is the world's first ZERO Trading Fees cryptocurrency exchange". I find this idea and approach very interesting and if they truely stay that way and there are no hidden payments, they can become leading cryptocurrency exchange. I'm in fact not aware of any other exchange that would offer something similiar. They want really to become that one exchange to rule them all, as they will support many fiat currencies and a lot of popular languages. They are really aiming for huge userbase.
The site's design is pretty interesting and gives that technolocial futuristic vibe. They provide all the necessary information in a form of interesting infographics. And the team also looks solid.
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