Tag Archives: cobinhood


With the cryptocurrency industry becoming a lot more popular lately, it is only normal that there is more competition among exchanges and trading platforms. Right now, most centralized exchanges have a few things in common, including trading fees and a lack of tradable currencies. With COBINHOOD, that situation will change sooner rather than later. It is the world’s first zero-fee exchange for cryptocurrency trading and is entirely funded through its initial coin offering proceeds. COBINHOOD is a decentralized cryptocurrency exchange which operates with zero fees for all participants. There are no maker or taker fees to speak of, which is a more than welcome change. The team claims it is the first exchange in the world to offer zero-fee trading at all times, which is rather impressive. It is also worth mentioning that the COBINHOOD exchange is available on mobile devices through a native application, making cryptocurrency trading even more convenient. Even though we could use more platforms which do not charge trading fees, it remains to be seen if we will get them. Traders will enjoy this perk as they can maximize their profits with ease, and there is also zero trading fee for spot trading and margin trading with up to 10x leverage. Furthermore, the exchange prides itself on storing the great majority of its digital assets in an offline multisignature vault. Using additional security when dealing with other people’s money is no unnecessary luxury in this day and age of exchanges being hacked virtually every other month. COBINHOOD requires 5-of-8 geo-distributed hardware security modules to access the offline multisig vault. Any funds kept in online wallets are fully backed by insurance in order to recover any losses if things were to go awry.

Reference: https://themerkle.com/what-is-cobinhood/