Cryptocurrencies are our hobbies, jobs, or even lives. We work hard to earn them, or we sometimes even spend our hard earned money in order to get some of those precious digital assets. In order to trade cryptocurrencies quickly and efficiently for other digital assets, or when we need to cash them out, we are in need of exchanges. That will never change. As a trader that has already had his funds hacked away from one of the exchanges, I’ve grown this incredulous attitude towards most of the exchanges. In fact, I only trade on 5 exchanges as of now – Bittrex, Binance, IDEX, Bitshares and Cobinhood. This article will be dedicated to the (probably) least known exchange from those listed above – Cobinhood.

As you can see from my selected exchanges, I’m fond of decentralized exchanges. The only non-decentralized exchanges I trust are giants like Binance and Bittrex. Cobinhood has aimed to become a decentralized exchange by now according to their roadmap. The fact that the roadmap has not been completely fulfilled doesn’t really make me nervous, since all other milestones (that will soon be explained) have already been reached. I firmly believe that decentralizing the whole platform is the very next step and that is why I stocked up on their tokens and believe in the project.

I see decentralization of the exchanges as a future must and I’m glad that the COB team sees it that way too. Why? Because when you hold your assets on centralized exchanges, you do not own the keys anymore. You are in the hands of the platforms security. I strongly believe that in the future, when people will understand cryptocurrencies more, there will be increased demand for services that enable us to maintain our keys, or in other words for decentralized exchanges.

When I spotted Cobinhood for the very first time, it has been a very small exchange with like 20 listed tokens. During that one year it has grown immensely, following rather precisely its roadmap. Currently the platform has nearly 100 listed tokens. Since it supports quick 1-day enlistment, the number is bound to grow in a very fast manner.

From my perspective the biggest strength of the exchange so far is the zero trading fee policy. This makes the platform perfect for any active trader that wants to hone his skills without paying additional fees. On the other hand there are quite significant withdrawal fees to make up for the zero trading fees policy. The exchange is therefore perfect for traders that want to keep small amounts of their tokens "permanently" on an exchange and “play” with them.

Cobinhood provides an all-in-one ICO service. The team helps any costumer with the initial preparations. Then it helps with the promotion by tapping into their 300K+ traders/investors/subscribes pool. Those actions are followed by the actual token sale. When the whole process is done, customers are assured to have their token listed on Cobinhood. Unfortunately there aren’t many successful ICOs launched through the platform. We will have to wait a bit longer to objectively evaluate its efficiency.

The newest addition to the platform is margin trading. Cobinhood now offers 3x leverage for following pairs: COB-ETH, ETH-USDT, BTC-USDT, and ETH-BTC. I personally am not fond of risky trading attitude, but Cobinhood also enables holders of the above mentioned tokens to offer their stake in order to gain bigger interest over time. That is a great first step towards the overall decentralization of the platform. That truly is very much to my liking and I plan to tap deeper into potential possibilities with my owned COB tokens. To be honest, I have JUST learned about the possibility.

Cobinhood is a very interesting project that has grabbed my attention. I love its plan to transform into fully decentralized mode. I also am fond of the ability to trade tokens for free. The biggest weakness for now is the very low volume on most of the tokens. Good half of all the listed tokens have exactly 0 dollars daily volume. It is therefore obvious that there is still a lot of work to be done in terms of marketing. Public attention needs to be grabbed in order to boost the daily volume. Only the most known tokens such as ETH, ZEC and COB itself have very high volumes. Even well known tokens like EOS have rather low volume which is shame (very lightly put… it actually is ZERO!!!). I’m not afraid though that this wouldn’t improve as time goes by, but as of now, it’s hard to trade most of the tokens frequently on the platform, which is shame. Truth be told, the same initial problem accompanies most of the exchanges though. The team is going to attend South East Asia Blockchain Summit in Jakarta, Indonesia, which proves that they are rather active in promoting their own platform though.

If you want to learn more, make sure to check out following links:

· Project Website: https://cobinhood.com

· Products & Services: https://cobinhood.com/ico-services

https://cobinhood.github.io/api-public/

https://cobinhood.com/margin-trading

and https://cobinhood.com/instant-listing

· Cobinhood Team: https://cobinhood.com/about

· Cobinhood Story: https://youtu.be/4Ro3kKnZIG8

· Facebook: https://www.facebook.com/cobinhood.exchange/

· Medium: https://medium.com/@Cobinhood

· Twitter: https://twitter.com/COBINHOOD

· Instagram: https://www.instagram.com/explore/tags/cobinhood/