Cobinhood Crypto Exchange To Support Fiat Trading With U.S. Dollar Cobinhood crypto exchange made an announcement that it plans to support fiat trading with the U.S. dollar starting July 20. Known for its zero-fee trading, Cobinhood is being endorsed by the renowned footballer, Richard Sherman. After getting the required regulatory approval, Cobinhood took the decision to support fiat trading. It plans to initially start trading pairs against the U.S. dollar. The crypto exchange is also working closely with an online payment platform, Epay, to facilitate its users to enjoy smooth fiat trading via a user-friendly interface. Popo Chen, CEO and founder, Cobinhood mentioned that the market is still not projecting the tremendous progress that’s being made in the cryptocurrency domain worldwide. He added that investors are aware that opportunities abound for value. Thus it is a very apt time to debut in fiat trading on their platform. In its statement, Cobinhood referred to poll results that display that the majority of those in the crypto markets expect a hike in prices in 2019, following a period of consolidation. As reported by NewsBTC earlier, liquidity seems to be a key issue as institutional investors begin to get into the market after it was flashed in the news that Europe’s largest ETF trader is moving into crypto. Apart from planning to support fiat trading, Cobinhood announced the creation of the DEXON foundation last month. This foundation supports the DEXON blockchain which has been designed to support dApps. The ICOs running on the crypto exchange’s platform will be exclusive to Cobinhood. Also, 5% of the funds that were raised by Cobinhood-backed ICOs will be distributed to the COB holders. Cobinhood has already achieved the level 3 Know Your Customer (KYC) protocols. This is especially needed to operate in countries which have stringent regulations. Apart from extending its support for fiat trading with the U.S. dollar, the crypto exchange has plans to move towards a decentralized exchange. The post Cobinhood Crypto Exchange To Support Fiat Trading With U.S. Dollar appeared first on OWLT Market.

Cobinhood crypto exchange made an announcement that it plans to support fiat trading with the U.S. dollar starting July 20. Known for its zero-fee trading, Cobinhood is being endorsed by the renowned footballer, Richard Sherman.

After getting the required regulatory approval, Cobinhood took the decision to support fiat trading. It plans to initially start trading pairs against the U.S. dollar. The crypto exchange is also working closely with an online payment platform, Epay, to facilitate its users to enjoy smooth fiat trading via a user-friendly interface.

Popo Chen, CEO and founder, Cobinhood mentioned that the market is still not projecting the tremendous progress that’s being made in the cryptocurrency domain worldwide. He added that investors are aware that opportunities abound for value. Thus it is a very apt time to debut in fiat trading on their platform.

In its statement, Cobinhood referred to poll results that display that the majority of those in the crypto markets expect a hike in prices in 2019, following a period of consolidation. As reported by NewsBTC earlier, liquidity seems to be a key issue as institutional investors begin to get into the market after it was flashed in the news that Europe’s largest ETF trader is moving into crypto.

Apart from planning to support fiat trading, Cobinhood announced the creation of the DEXON foundation last month. This foundation supports the DEXON blockchain which has been designed to support dApps.

The ICOs running on the crypto exchange’s platform will be exclusive to Cobinhood. Also, 5% of the funds that were raised by Cobinhood-backed ICOs will be distributed to the COB holders.

Cobinhood has already achieved the level 3 Know Your Customer (KYC) protocols. This is especially needed to operate in countries which have stringent regulations. Apart from extending its support for fiat trading with the U.S. dollar, the crypto exchange has plans to move towards a decentralized exchange.

The post Cobinhood Crypto Exchange To Support Fiat Trading With U.S. Dollar appeared first on OWLT Market.

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