Cryptocurrency and ICO news 20.07.2018
Cobinhood to implement crypto-fiat pairs
Cobinhood exchange platform will launch crypto-fiat pairs as part of its strategy to take a bigger part of the cryptocurrency trading market. The company will allow exchanges between US dollar and three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
Cobinhood claimed that it passed Level 3 know-your-client (KYC) requirements before introducing the fiat functions. However, the exchange did not reveal what is included in this level, which territories and services it covers and which entity certificated the company, according to cryptovest.
Cobinhood was launched in 2017 and currently supports more than 60 digital coins, including Bitcoin Cash (BCH), Litecoin (LTC), EOS (EOS), NEO (NEO), Ox (ZRX), Golem (GNT), Qtum (QTUM), Status (SNT), Civic (CVC) and Basic Attention Token (BAT).
Cobinhood, which presents itself as a “zero free cryptocurrency exchange”, has more than $1 million in trading volume for the last day. In comparison, the leader in the “no-fees” market is BitMEX with over $4.2 million in volume.