With the boom of technology, trading speed and execution have become critical factors for success in the cryptocurrency market. There are several players offering various products and services. Cut-throat competition exists in every domain, and the quality and robustness of your offering define you and help you stand out among the rest.

The sudden buzz in the cryptocurrency market has led to the emergence of several cryptocurrency exchange platforms. Many factors are taken into consideration by traders to choose the best suitable exchange for their transactions, like a number of fiat currencies supported by them, customer service, and many others.

Cobinhood is a high-frequency cryptocurrency service platform that has claimed to resolve most of the existing problems that are prevalent on the  other exchanges. It is the world’s first trading exchange with zero trading fees that facilitates cryptocurrency trading and ICO underwriting.

It supports a wide variety of fiat currencies, like the USD, EUR, JYP, AUD, HKD.. The exchange claims to be fully transparent and is open to reveal all offline and online wallet addresses for auditing purposes. Interesting, isn’t it? Let’s dig a bit deeper and review the Cobinhood exchange to know about how it is making a difference and changing the game of cryptocurrency trading. For an overview of Cobinhoos, here is a video on just that:

A Quick History

Cobinhood, both a cryptocurrency exchange and provider of numerous cryp was co-founded by Pope Chen and Wei-Ning Huang. The former is the CEO and latter the CTO of the company. The exchange is backed by very prominent financial advisors like Chen Liu (former Chairman of Easy Card) and Tony Scott (former USA Federal CIO).

With their in-depth knowledge and experience in the field of cryptocurrency and support from the advisors, they have been able to create a platform that is currently providing solutions to around five million active users. They have also claimed to give a 20x return to their angel investors within a year.

Key Features

Apart from zero trading fees, Cobinhood has many other key features that make it a better product than the average cryptocurrency exchange. Let’s quickly go over a few of them:

More Choices, Lesser Fees

The exchange supports many fiat currencies and cryptocurrencies: major currencies include USD, EUR, JPY, KRW, and GBP, while BTC, ETH, ETC, XRP, NEO, and LTC are the major cryptocurrencies. Along with this wide range of options, trading speed and execution are prioritized to ensure smooth and efficient transactions for all users.

Cobinhood eliminates trading fees at both buying and selling ends; thus, it allows traders and investors to make the most profitable exchanges and, in turn, maximize their market liquidity. They are not being charged for any spot or margin trading.

Apart from multiple choices in terms of currencies and cryptocurrencies for exchange, it is also a multilingual platform as it supports a wide range of languages such as English, Spanish, German, Chinese, Russian, and many others.

In this Cobinhood review, it was found that they have an excellent support system in all languages they cater for and they can be reached online, 24/7. They usually respond within a day and place a high priority on  customer support when compared to other platforms.

Better Speed for Better Execution

Cobinhood focuses a lot on transaction speed and customer support. The exchange platform can process more than 1 million orders per second with less than a millisecond latency. They provide a real-time cryptocurrency trading platform that not only supports the high-frequency trading but also leads in terms of profitability and execution.

Cutting-Edge Security Protocol

You have likely read a lot about cybercrime. Cryptocurrency exchanges have often been targets. The breaches of Mt. Gox and Bitfinex were massive. As a result, security protocols have become a major focus in finance. Customer security is now the top concern. Every exchange works hard to implement strong security measures.

To address this, Cobinhood uses two-factor authentication (2FA) for logging in and all online transactions. They also require email confirmation for any withdrawals. For offline transactions, each user gets a multi-signature wallet with 8 Hardware Security Modules (HSMs). Access requires confirmation from 5 of these modules.

Cobinhood also promotes full transparency. They make all online and offline wallet addresses publicly available for scrutiny. This helps prevent embezzlement and fraud.

Since they regularly audit and maintain their platform, Cobinhood backs 100% of user crypto assets with insurance.

Cobinhood’s ICO Services

An Initial Coin Offering (ICO) allows companies to raise funds using cryptocurrencies. Recently, there has been a big increase in ICOs. This rise is due to growing investor interest and many new cryptocurrencies entering the market.

Cobinhood addresses several issues related to ICOs. One major problem is the low starting liquidity of many ICOs. In 2017, Cobinhood began offering ICO underwriting services. They only underwrite high-quality ICOs that pass due diligence and smart contract reviews.

Their ICO underwriting service grew rapidly. This success led them to launch their own ICO. Cobinhood’s ICO token is called COB.

The ICO for COB took place in the third quarter of 2017. They raised about 13 million dollars and issued 300 million tokens. COB peaked at $1.20 at the start of 2018 but then fell sharply, like many cryptocurrencies that year. Despite this, the platform kept a strong focus on trading speed and execution. It ensured efficient order processing even during volatile market conditions.

Trading on Cobinhood

Trading on Cobinhood is possible via internet browsers as well as mobile applications. Its mobile app is available for both Apple and Android users. The four major trading pairs on Cobinhood exchange are ETH/BTC, BTC/USDT, ETH/USDT, and COB/ETH.

The Cobinhood webpage contains all the major metrics and parameters required for making a calculated estimation for trading, like the latest price, volume, market cap, 24-hour changes in candlestick charts, and the highs and lows. The user can also mark their regular trading pages as favourites and these are easily accessible.

Is Cobinhood Legit?

The Cobinhood cryptocurrency exchange has gained a lot of buzz in the cryptomarket due to their zero fees business model. The full transparency, number of choices, and backing by some of key finance persons have helped them to gain trust from traders.

Still, you can find a few red flags being raised by people here and there. Omitting trading fees might seem catchy for the traders, but it also brings Cobinhood’s revenue model into question. Currently, they are making money by ICO underwriting and collecting margin trading fees.

In other Cobinhood reviews, they also got tagged with unfavourable reviews when they offered a few stars and other famous people one-plus-one deals. They also got hit on Reddit where an anonymous user who claimed that their money has been stolen by Cobinhood, though there was no concrete proof of this.

But their full transparency, backing by powerful investors, and timely trading speed and execution of their promises as per their timeline don’t lead us to believe the platform and the financial services they offer are a scam. The only way to know about their sustainability in this market is to wait.

Final Thoughts

Cobinhood is a cutting-edge model of a cryptocurrency trading platform that takes a wide and running perspective of its place in the crypto business ecosystem. As opposed to concentrating on charging fees as with other exchanges, the Cobinhood show is enterprising in spirit and activity.

It aids to the kind of development that nourishes its plan. By offering various ICO-related services, Cobinhood invigorates the crypto-cycle with helping to launch new ICOs and tokens, alluring pairs, and effectively supported ventures.

As a place to exchange, Cobinhood providers an easy-to-understand interface with an extensive variety of accessible options and features. You can do the kind of exchanging that you wish on this exchange platform by incorporating margin trades with powerful leveraging.

Thus, Cobinhood is surely an excellent option for anyone looking to do novice or pro cryptocurrency trading. Its focus on trading speed and execution will surely attract a huge number of professional traders and foreign investors by prioritizing industry growth and quality.