Popo Chen
Popo Chen
Tai Popo Chen is the Founder and CEO of Cobinhood, a zero trading fee Cryptocurrency exchange platform for the Blockchain era. [0]Chen lives in Taipei City, Taiwan.
Education
Chen is a graduate of National Taiwan University where he majored in Electrical Engineering. [1]
Career
Chen launched Cobinhood in July 2017, at a time when Initial coin offerings were proliferating. [1]
Cobinhood
When Popo first started day trading across different cryptocurrency exchanges, he soon realized that his monthly returns (profit margins) were wiped out by fees, as high as 2.4%.
As a day trader entering and exiting positions several times a day, his monthly average exchange fees ran up to 20 to 30% of the total value.
In addition, Popo claimed that many exchanges such as eToro and other ETF services sold digital assets at a markup, with over a 1% spread on the market allowing for Arbitrage. [6]Exchanges such as Poloniex Exchange had long Know your customer checks which was frustrating to Popo since the Customer service at the time was also sparse. [6]
As a result, he decided to become the Founder of Cobinhood, a financial service and Cryptocurrency exchange for the Blockchain. [6]
Popo said his team launched a marketing campaign one month before the ICO.
Two weeks before the ICO, they had a white paper, along with a prototype of their cryptocurrency exchange.
The company is backed by world class Venture capital firms, such as a $10B firm from China. They provided many financial connections.
In addition, Popo partnered with Tony Scott.
Personal Life
Chen is a car collector, with two Lamborghinis in his car collection. [3]