Cobinhood just announced that Monero (XMR) and Zcash (ZEC) would be listed on the exchange at 00:00 on September 21, 2018 UTC+0.
The official announcement also notes that “Deposit, withdrawal and trading functions for XMR/BTC, XMR/USDT and ZEC/BTC, ZEC/USDT will be available upon listing. Please note that you are not eligible to purchase any XMR and ZEC if you are a citizen or resident of, or located in Japan and Taiwan.”
What is Cobinhood?
Cobinhood is a next-gen crypto exchange that promises to solve the existing problems of current crypto exchanges. The platform provides spot trading and margin trading with zero fees in order to maximize profit and market liquidity.
The team behind Cobinhood believes that cryptos have already surpassed stocks in trading volume and crypto exchanges are nowhere near easy to use these days, or robust as most stock, FX and communities exchanges.
The official blog post of Cobinhood says that “This is a function of both the relative newness of the cryptocurrency market and its lack of a centralized governing body for crypto. Enterprising hackers and corrupt exchanges make embezzlement, fraud, and theft real concerns for most traders.”
The blog post continues and says that “To make matters worse, the average cryptocurrency exchange also has high trading fees and poor (or non-existent) customer service.”
Cobinhood provides more choices, enhanced support, better infrastructure, and executions, cutting edge security protocols and more.
You can learn all about the benefits of the exchange by reading the official blog post here.
Monero’s current market state
Monero is currently trading in the green, and it’s priced at $117.26 on CoinMarketCap.
After a dark period surrounding Monero (XMR), the announcement of the launch of a web-based XMR wallet for the Tor network helped the crypto to skyrocket and attracted investors.
The latest info coming from Cobinhood will definitely turn out to be good news for Monero’s price and enthusiasts.
