Cobinhood Launches Crypto-Fiat Trading Pairs With No Trading Fees
Cobinhood exchange is already famous for its 'Zero Trading Fees' structure and also contributes tons of volume in cryptocurrency space. Cobinhood already had a customer base of Millions even before entering into crypto space and after entering into crypto market, it has started to increase further.
Now, Cobinhood recently announced its Crypto-fiat trading pairs which will be activated on their exchange by 20th July 2018.
Based on this new feature, users will now be able to trade USD again Cryptocurrencies, although the specific virtual currencies name hasn't been confirmed against which USD will be traded. For sure, this move by Cobinhood will bring more customers to their exchange.
If we talk about the KYC compliance, then the exchange is already working on it. Moreover, Level 3 KYC will be applied on Customers who'll trade crypto-fiat pairs.
Level 3 is the most secured and robust KYC compliance which allows it operate in even the strictest financial jurisdictions worldwide.
About the present Bearish phase, the Cobinhood Founder Popo chen said recently that:
In several instances, the market is not reflecting tremendous progress being made at cryptocurrencies worldwide. Traders know there are opportunities abound for value, so it’s a very synergistic time to debut fiat trading on the COBINHOOD platform. There’s no doubt in my mind that many value investors were waiting on the sidelines until prices rationalized, and so the near term promises to be an exciting time for exchanges that can offer the liquidity fiat options provide.
The whole market is awaiting for ETF proposal to be accepted and we can see that growth if ETF proposal passes in immediate future.
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