Cobinhood, the Taiwan-based zero-trading fee cryptocurrency exchange, has launched USD based fiat trading pairs. That means users will now be able to convert fiat to cryptocurrency and vice versa on the cryptocurrency exchange.
According to a press release by Cobinhood, this is one of the company’s major announcement. The company believes that this new feature comes at the right moment and will play a major role when cryptocurrencies boom in 2019.
U.S dollar will start getting accepted from July 20th. The company has also announced an “Instant Listing” feature, which will allow new tokens to be listed immediately after the down payment has been received and the token has won the voting competition.
In the press release, Cobinhood’s founder Popo Chen stated that:
“In several instances, the market is not reflecting tremendous progress being made at cryptocurrencies worldwide. Traders know there are opportunities abound for value, so it’s a very synergistic time to debut fiat trading on the COBINHOOD platform. There’s no doubt in my mind that many value investors were waiting on the sidelines until prices rationalized, and so the near term promises to be an exciting time for exchanges that can offer the liquidity fiat options provide.”
Cobinhood a cryptocurrency was launched in 2017 and was founded by Popo Chen. Cobinhood quickly gained popularity due to its zero-trading fee service. Cobinhood currently has a total volume of more than $600,000.
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