What is COBINHOOD?
COBINHOOD is a cryptocurrency exchange and trading platform that aims to provide users with a high-performance trading engine, zero-fee trading, and an intuitive user interface.
The platform was founded in 2017 by Popo Chen, Wei-Ning Huang, and Yuan-Wei Lee and is based in Taiwan. It quickly gained attention in the cryptocurrency space for removing trading fees completely, allowing users to trade cryptos like Bitcoin, Ethereum, Litecoin and more without any commission or fees.
Beyond zero-fee trading, some of the key features of COBINHOOD include:
- High-volume trading engine capable of handling over 1.2 million orders per second.
- Support for many major cryptocurrencies as well as some newer altcoins.
- Margin trading with up to 5x leverage.
- ICO underwriting, allowing projects to raise funding through token sales.
- A commitment to regulatory compliance and security.
While the 0% fee structure has helped COBINHOOD grow quickly after launch, it remains a relatively small exchange in terms of trading volume and liquidity compared to giants like Binance and Coinbase. It continues working to add new features and support for additional cryptocurrencies to attract more users.