Cobinhood is a zero trading fee Cryptocurrency exchange platform for the Blockchain era. Cobinhood is headquartered in Taipei City, Taiwan. ^{[undefined] [undefined]}

Cobinhood was founded in 2017, in an era of proliferation of Initial coin offerings. The Founder and Chief Executive Officer is Popo Chen, a successful entrepreneur who co-founded 17Live, a free mobile application used for multimedia sharing; this application quickly became the most popular app in Taiwan, Hong Kong, Singapore and Indonesia. ^[undefined]

Cobinhood profits from margin trading and a wise set of services such as Underwriting promising and vetted Initial Coin Offerings. ^[undefined] In 2018, the company plans to release diversified Cryptocurrency holdings similar to Exchange-traded funds, Index fundsand other traditional financial instruments.

The name is inspired by Robinhood, a commission free trading platform for Securities, primarily Stocks and Bonds. It aims to be to Cryptocurrencies what the Robinhood app is to Equities, which is the reason for the platform's unusual name. ^[undefined]

The former White House CIO Tony Scott is an advisor to Cobinhood.

He has previously served as CIO of Microsoft and VMware. ^[undefined] Tony sees a huge benefit in cryptocurrencies existing beyond the borders of governments. He believes there need to be discussion to arrive at a regulatory solution, or global consensus, in order for cryptocurrencies to flourish. He believed China was mistaken to ban Initial coin offerings in September of 2017. His primary concern is in Repatriation and storage of assets outside of legal jurisdiction. ^[undefined]

Cobinhood has a very active Telegram group with over 5,000 members and many moderators interacting with investors. ^[1]

Popo Chen was removed from office as CEO of Cobinhood after showing erratic behavior.

^[25] Cobinhood wrote that their team had to file a police report due to Chen’s emotional instability and personal behaviors that caused safety concerns for the exchange’s employees.**** ^[26]

Cobinhood provides Free trade to users on their exchange. The exchange will allow the trade of EOS, Litecoin, Dash, Bitcoin, Ethereum, OmiseGO, Zerocoin, Monero, Neo, Iota, and several other coins. These will be tradable for COB coins. ^[undefined]

In addition, Cobinhood's own COB tokens are the only way to pay for margin fees, since they offer a discount on interest rates.

Cobinhood allows up to 10x margin trading for users seeking that level of risk.

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Cobinhood also will create original crypto-exchange services, such as crypto-ETFs comprised of a variety of coins, options trading and other financial instruments. Ultimately, the company seeks to fill the role of being a Market maker and Investment firm, eventually creating a decentralized exchange. ^[undefined]

The servers are located on the Google Cloud in central USA. The Order book engine is highly scalable, already permitting for over 1,000,000 transactions per second, which is several orders of magnitude greater than typical exchanges. ^[undefined]

The crypto-assets are stored in cold wallets that are geodistributed.

These require 5 of 8 modules to unlock the Multisignature vault. ^[undefined]

Cobinhood had its initial coin offering between September and October 22nd of 2017.

The earliest backers received up to 40% bonus coins, with the bonus decreasing by 10% each week.

The final exchange rate was 1 Ethereum for 4,000 COB. This priced the value of a COB at roughly 7.5 cents at the time. ^[undefined]

Cobinhood raised 45,254.4 Ethereum. This was worth over $13,000,000 at the conclusion of the Initial coin offering. ^{[undefined] [1]}

Cobinhood Ltd.'s Whitepaper reserved 40% of the coins to operate the business, while 50% of the coins were distributed in the offering. The remaining 10% were sold to early investors. ^[undefined] In addition, all unsold tokens available during the offering are held by Cobinhood. This means the available shares or float is only about 1/4 of the total authorized tokens. There will be a total of 1 billion tokens issued, with 10% of Cobinhood's vesting annually. ^[undefined]

All investors in the Initial Coin Offering are eligible for 50% off margin trading while using their service.

Participants in the ICO also receive discounts on future, vetted initial offerings.

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Cobinhood seeks to create the ultimate trading experience by eliminating draconian fees on other exchanges.

The company also seeks to protect Retail investors from fraudulent Initial coin offerings by exercising thorough Due diligence about each coin/token seeking to be listed on the exchange.

The development team also created sub-millisecond latency in executing trades, allowing for highly effective High frequency trading.

Cobinhood's official exchange launches on December 18th of 2017.

There will be several know your customer verifications before full access to the platform. Cobinhood will also release an iOS and an Android application. ^[undefined]

Cobinhood held a trading competition during the open-Beta in early December of 2017, awarding thousands of COB tokens to most successful traders. There was also a Bug bounty for those who identified systemic vulnerabilities, UI flaws and other problems with the exchange. ^[1]

There will be several tiers of accounts on Cobinhood exchanges.

Upon release, Cobinhood will have 24 hour customer service with at least 10 emplyees along with an Artificial intelligence Chatbot. This is a feature that is unavailable on most existing exchanges such as Kraken. ^[undefined]

Underwritten ICOs on Cobinhood offer ~5% of their listed tokens to the exchange.

These are then distributed to users, as in the case with CyberMiles. ^[undefined]

List of cryptocurrencies

OmiseGO