Cobinhood (COB)

Cobinhood (COB) -
Zero Fee Exchange

Cobinhood is one of the first zero fee crypto currency exchanges. It draws inspiration from the well-known Robinhood stock platform, which offers commission-free stock trading.

Basic Intro

Name (Ticker)
Cobinhood (COB)
Price (USD)
$0.00485532793074
Rank
277
Active Supply
411.0 million
Total Supply
411.0 million
Volume (24H)
27820
Marketcap
2.0 million
Fun Name
Zero Fee Exchange
Categories
feature-test
Website Links
Block Explorer

Graph

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Pros

  • Useful functionality

Cons

  • No backing (asset, profits, commodity)
  • Lacks guidance from backers

Review

Cobinhood is one of the first zero fee crypto currency exchanges. It draws inspiration from the well-known Robinhood stock platform, which offers commission-free stock trading. Cobinhood aims to use its competitive edge of zero fee trading to attract customers from fee-based exchanges.

The COB token is an ERC20 token based on the Ethereum blockchain. The ICO sold the impressive $13 200 000 worth of tokens in just over a month.

  • Exchange interface
  • High-performance Trading Engine
  • ICO underwriting

The Cobinhood exchange has some of the best looking exchange interfaces on the market. The layout is simple and very beginner-friendly. It also comes along with a neat mobile app. The platform offers market, limit and stop-limit orders as well as every trader’s favorite TradingView chart. The app is available for both Android and iOS, making trading on-the-go easily available.

Keep in mind that while there are no trading fees, Cobinhood does charge for deposits and withdrawals, as you still need to pay fees to blockchain miners who validate transactions and even those could be paid for using the COB token. This is one of the main benefits for COB token holders, along with lower rates for ICO token underwrites and 50% off margin trading loan interest.

The platform’s order matching engine could potentially process millions of orders with minimal lag. Many other exchanges have frequent shutdowns because of underdeveloped infrastructures, rate limited-trading APIs and delaying order book updates, which isn’t the case when it comes to Cobinhood.

Cobinhood’s ICO underwriting program will review quality, promising ICOs, going through extensive due diligence, smart contract code reviews and legal compliance reviews. Those ICOs approved by the exchange’s review team can immediately be traded on Cobinhood after the crowdsale, solving the low liquidity and high spread issues for new tokens on the market.

The first issue many community members brought up is the huge total supply. With the whopping 1 billion tokens, many people have been opting for a token burn so they can get better return on their investment. Also many COB holders have been criticizing the team for the apparent lack of marketing. This shows as even despite the many features it offers.

Cobinhood offers many new features unseen before in conventional cryptocurrency exchanges. Despite this, the team has been lacking on marketing and it shows by the low volume of the exchange. Zero-fee trading is not offered in any of its competitors, and trading fees can quickly pile up to a huge amount, especially when daytrading or scalping. The team really needs to invest proper funds into marketing if we are to see Cobinhood succeed as a project in the future.

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