NEW YORK, Dec. 18, 2017 /PRNewswire/ -- COBINHOOD announced the launch of the world's first zero-fee, high-frequency cryptocurrency trading platform today, allowing anyone to monitor and trade Bitcoin, Ethereum, and COB tokens upon launching; more tokens will be tradable on the exchange soon. The company also features an ICO underwriting service and recently conducted successful one of its own where over 45K ETH were raised.
As a part of the announcement, the team also revealed that SB winner and four-time Pro Bowler Richard Sherman, a CB for the Seattle Seahawks is now the companies U.S. spokesperson and will focus on educating the general population on the future of cryptocurrency. "A lot of traders are being ripped off in the Crypto market, especially on fees," stated Richard Sherman. "Popo Chen and the team at COBINHOOD are giving anyone with a slight interest or those fully immersed in the space a chance to trade for free and make orders in real-time."
COBINHOOD's proprietary order matching engine can process millions of orders with sub-millisecond latency. The system is designed to be fully distributed, highly available, and auto scalable. COBINHOOD stores the majority of the crypto assets deposit in an offline multisig vault, which requires 5 out of 8 geo-distributed hardware security modules to open. On the platform, users can exchange fiat currency directly to any coin available.
During its ICO earlier this year, COBINHOOD distributed 244,773,856 COB to 17,433 contributors totaling 45,254.9 ETH. The company also launched its underwriting service and signed its first client, CyberMiles. The blockchain technology emerged from 5xlab, 5miles' (a service allowing customers to buy and sell stuff locally) development laboratory.
"This emerging market deserves a zero-fee trading platform," stated Popo Chen, COBINHOOD CEO. "I've seen first-hand how astronomical fee costs can be, it makes day trade almost impossible. Also, with the space needing continued adoption and education, COBINHOOD will become the portal for all traders of any size transaction. I'm very proud of the team's work both pre and post ICO to bring the platform to life."
Launched in 2017, COBINHOOD is a next-generation cryptocurrency service platform. COBINHOOD is home to the world's first zero-fee, high-frequency cryptocurrency trading platform. The company was founded by Popo Chen, the original founder of '17 Media', with the intention of shaping future economies by creating a financial center for the blockchain era. COBINHOOD believes the evolution of blockchain technology and a decentralized financial landscape will transform global capital markets and business organizations with long lasting impact.
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