WHAT COULD COBINHOOD MEAN TO BINANCE ? IS THERE ANY POSSIBLE THREAT
Cobinhood a zero fee cryptocurrency exchange which portrays various features. The white paper of its website explains it all and endeed bringing more speculations to cryptocurrency users as the question is all around, why to pay if i CAN DO IT AT ZERO FEES? Clients look super excited but the question still remains if really they could shift and opt for cobinhood. Well, in various discussions the subject of reliability and feasibility of COBINHOOD is also revoked and therefore causing a deep understanding of the two exchanges before bringing further conclusion.
What do you like most? or else what do you do?
This question is first of all my basic ternm of understanding crypto users. This question leads to behavioral understanding of human choices and preferences. The ideal is that not that all people like free things but also some others look for clear things no matter the price. What's your take? COBINHOOD looks as a genius idea but is it really reliable? (More Clients ask). Moreover, looking at the various explanations and the white paper on the website, I believe that COBINHOOD would really supply great opportunity to the market but starting from small traders and then after great investors.
Each investor is always keen to see his money flowing and small investors are always ready to take up risks. remember, each great investor has ever been small at a certain period of time. Millions of dollars are always issues of discussion but with some hundreds and thousands of dollars in the market we beilieve that there will be a boost into the COBINHOOD system. Well, I'm not a COBINHOOD agent but analyst. The point is that COBINHOOD looks amazing but its needs to be more reliable to really stands with BINANCE. Still, time will tell us.
What about the servers?
Over the last years, there have been issues regarding exchange servers which could freeze and therefore leading to a delayed task or seven shutting their services for long. However, BINIANCE is viewed as a great cryptoexchange too and they are considered as having enough capacity to hold the thousands and million transactions. Could COBINHOOD still hold such great market without any problem? well, this will be one of your personal research. The amazing part is that you can really text them and really ask the many questions so as to really consider your trading ar investment purpose. (24/7 support)
My thoughts
I think COBINHOOD may not be a potential competitor for BINANCE but it will be in the near future. Only time is needed as people try to learn and understand its functionality, building trust and finding profits when trading in the exchange system. The ICO backed by COBINHOOD still holds as smaller value which could be an opportunity for speculators and traders. In case, COBINHOOD looks positive, that means its token will also rise at a higher price than ever. More investments, more profits.