NEW YORK, March 12, 2018 /PRNewswire/ -- COBINHOOD, the world's first zero-trading-fee, high-frequency cryptocurrency trading platform today announced the addition of leading cryptocurrency Litecoin, in conjunction with the addition of the open-source Qtum blockchain software. The additions signal COBINHOOD's continued momentum and the quickening pace of development as the service platform grows to support new and major blockchain protocols.
The additions of Litecoin and Qtum come after the addition of over 40 coins ranging from leading cryptocurrencies like Bitcoin and Ethereum to innovative alternative tokens. Tokens are added to the zero-fee trading platform weekly and COBINHOOD users can nominate their favorite tokens to secure the additions of ICO-based projects. Tokens that receive community support and that are deemed as legitimate projects by the COBINHOOD underwriting team then have the potential to be added onto the exchange platform.
"2018 has been a year of energy and opportunity for the COBINHOOD team and the new additions of Litecoin and Qtum continue this trend," stated Popo Chen, CEO of COBINHOOD. "With the adoption of Litecoin directly onto our exchange specifically, our community now has access to not only the leading coins on the market, but also an incredible selection of altcoins with both momentum and potential. As our trading base continues to grow, we anticipate COBINHOOD will stay on track with becoming the industry leader of crypto exchanges."
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 multi-signature vault, which requires 5 out of 8 geo-distributed hardware security modules to open. The announcement marks a new milestone of COBINHOOD, coming after the platform's launch of mobile app for iOS and Android users as well as its ICO Underwriting Services for upcoming Initial Coin Offerings. The offering consists of business model consulting, smart contract code review, legal compliance, deployment procedures and marketing support.
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.
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.