Cobinhood is a comprehensive multi service cryptocurrency platform with high ideals. Led by CEO Chen Tai Yuen, the Cobinhood team aim to turn their platform into the world’s premier cryptocurrency exchange. The team have identified key areas of inefficiency in the marketplace and expect to flourish and gain a crucial advantage over their competitors by addressing these issues. By combining a top class service with zero trading fees, the Cobinhood team aim to distinguish their platform from all others while putting the user first. The Cobinhood platform encompasses a number of business models which include:
- A high frequency trading server subscription service – aimed at institutional investors, hedge funds and investment banks, this service will provide an ultra low latency ticker and an unlimited API rate with the option of high frequency algorithmic trading for an annual fee.
- The Cobinhood Prime subscription service - aimed at individual traders who will benefit from higher leverage on margin trading, lower latency ticker, and a higher trading API limit when using the exchange. Traders who commit to the annual fee will also experience an enhanced customer service including dedicated phone support and a designated customer success manager.
- A margin trading loan option- Cobinhood exchange users have the option to become margin trading loan providers and earn interest on their deposits. The interest rate will be determined by the demand and supply of margin trading loans and Cobinhood will also collect a portion of the earnings generated via interest payments.
- The Cobinhood ICO underwriting service – Cobinhood will perform an in-house ICO underwriting service that will involve the vetting and processing of ICOs via their platform whilst collecting a percentage of tokens from each project.
These services allow Cobinhood to generate revenue and remain profitable despite operating with a zero fee policy across their trading platform. The comprehensive business model sees institutional investors, large financial institutions, and ICOs provide a healthy contribution that result in savings for the majority of traders on the platform.
In addition to zero fee trading, users of the platform also stand to benefit from purchasing the Cobinhood token as ICO participants will be able to receive a 50% discount on margin trading loan interest when they pay using the COB token. Furthermore, COB token holders will also be eligible to receive future ICO tokens at significantly reduced rates. Projects that come through the Cobinhood ICO underwriting service will provide tokens that will be made available at a discount to COB holders.
By simply connecting or binding the Ethereum wallet address that holds the COB tokens to the Cobinhood platform, users will then be able to receive the ICO tokens at a preferential rate. Users can expect to receive discounted tokens depending on the total number of ICO tokens available in relation to the number of COB tokens available and owned.
Further benefits are planned for COB holders as Cobinhood seeks to reward early investors and build a community of COB users. More active traders and investors can expect to benefit from holding COB tokens when interacting with the Cobinhood exchange. While the Cobinhood business model ensures the high service, zero fee ideals can be met resulting in a high quality service for all.
Website : https://cobinhood.com/
Whitepaper : https://cobinhood.com/assets/whitepaper/whitepaper_en.pdf