Exchange markets are the first stop shop for most cryptocurrencies once they conclude their token sales. Crypto traders and enthusiasts have different opinions about what the ideal marketplace should look like. Some argue that it should be decentralized others argue that centralized systems offer more liquidity to the cryptomarket.
Howbeit, the different features of an exchange do act in no small way to influence the economic properties of a token or digital asset. The major advantages come when traders have a seamless experience when trading.
Cobinhood investment comes off as a digital marketplace for crypto assets that prides itself as a system aiming to offer zero trading fees. This naturally should drive traffic to their platform, as trading fee factors are one of the huge deterrents to cryptocurrency trading and liquidation. While they do attempt to remove these limitations, they aim to shape future economics through their project by using innovative economic technologies.
There are two places where you can buy a COB asset. The internal marketplace for the token and another third-party platform. The trades are being paired with BTC, ETH, and USDT. ETH has the most volume in both marketplaces and among the three currency pairs. In terms of popularity, they don’t come close to exchanges that have huge trading volumes per day. However, since these are the only options for getting the tokens, investors or traders have no choice.
In order to buy COB using a credit card, it requires a two-step process. The first step involves the changing of fiat to any of the cryptocurrency pair, and the other process has to do with the buying of the asset using the cryptocurrency pair has been obtained from elsewhere. The token started off as an Erc-20 token and is being stored in any of the Erc-20 compatible wallets. More so, since it’s an exchange, you can simply leave your tokens on their wallet.