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Cobinhood Launches App Capable of No Fee HFT Cryptocurrency Trading
Traders Magazine Online News, March 8, 2018
COBINHOOD, a next generation cryptocurrency service platform launched new applications available for Apple and Android users with full mobile trading capabilities. COBINHOOD’s backend team developed a proprietary order matching engine that can process millions of orders with sub-millisecond latency, achieving the true ‘real-time’ trading experience now available for mobile users at any time. COBINHOOD also provides a highly-secure personal wallet to store Bitcoin (BTC), Ether (ETH), and over 40 alternative coins now available on the exchange. The news comes a few months after NFL Star Richard Sherman signed on as a company spokesperson & set out to educate U.S. consumers on cryptocurrency trading.
The announcement marks the next milestone of COBINHOOD’s business model coming after the platform’s launch of 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. Since launch, COBINHOOD has successfully underwritten the ICO of CyberMiles, a blockchain and smart contract platform for e-commerce that completed their fundraising efforts within 24 hours. The company’s second project J Token, a blockchain-based eSports ecosystem, is ready to kick off its IEO on Mar. 13.
COBINHOOD was founded by Popo Chen, the original founder of ‘17 Media’, with the intention of shape 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 capital markets and business organizations with long lasting impact.
“The essence of real-time trading made establishing a premiere mobile app to access the COBINHOOD exchange and cryptocurrency trading a natural next step for our business model,” says Wei-Ning Huang, CTO and Co-founder of COBINHOOD. “In part of pioneering an accessible and zero-trading-fee exchange was a responsibility to give our users the ability to trade from anywhere at any given time. Our traders will be able to take advantage of any trends while identifying new opportunities to grow their portfolio.”
The exchange, debuted in December 2017, launched after the successful raise of 40 million USD equivalent ETH through the company’s ICO. Additionally, COBINHOOD has secured 5 million USD from private placement and another 5 million USD from VC funds, which includes involvement from Banyan Capital and Infinity Venture Partners. Looking to the future, the company will also launch more financial derivatives and services in the future, for example, crypto assets trading with stocks, commodity, market indexes, and futures.
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