CoinSwitch Exchange Aggregator Set to Eliminate the Need for Opening Trading Accounts in Various Coin Exchanges
Digital coin exchanges have increased significantly since the year began owing to a couple of market factors within the cryptocurrency industry. The existing coin exchanges offer a variety of services to the cryptocurrency users aiming for a competitive advantage over the peers.
As it stands, the crypto market is populated with digital currency exchanges making it hard for new clients to choose a platform. To make it worse, even the veteran crypto traders are in a dilemma which networks to capitalize on.
CoinSwitch.co, an aggregator for the digital coin exchange platforms aims to remove this market inconvenience with its new network design. Sequoia Capital is the firm backing up this blockchain-based project. The CoinSwitch network is designed to facilitate information provision to new market entrants & veterans who wish to engage in crypto trades.
Furthermore, the platform links its users with a wide range of trusted crypto exchange platforms. The traders can also customize their own website to launch a coin exchange that suits their needs.
The CoinSwitch Exchange Network
CoinSwitch is barely a year old yet boasts of listing over 400 digital assets with a significant number of exchange pairs. This achievement is attributed to strategic alliances with crypto players in the industry, CoinSwitch works popular crypto exchanges like ShapeShift, Changelly, KuCoin & HitBTC to mention a few.
Shapeshift has however changed its policy in the recent days to increase best practices with its clients including CoinSwitch. This has led to a KYC process integration which changes Shapeshift’s privacy-oriented outlook as was before.
However, CoinSwitch users have other options if they are seeking anonymity. Given the platform’s functionality as a coin exchange aggregator, it will link its users with their desired coin trading avenues. At the moment, anonymous digital currency exchanges accessible via CoinSwitch include IDEX, Changer & Changelly among others.
Basically, the CoinSwitch idea is to provide a platform where users can access coin exchanges without having to open accounts in the multiple networks. Users can simply compare the market prices through the information provided on the website to get the best coin market to deal. CoinSwitch can be categorized as a coin exchange market.
In addition to the features mentioned, CoinSwitch is designed to be compatible with users’ preferred crypto wallets. This can eliminate the security associated risks with the hacking of coin exchanges as seen in the recent past.
Instant Exchange Customization
CoinSwitch’s infrastructure enables participants whom own websites to integrate ‘Instant Exchange’ networks with no coding required. This can earn the website owners revenue in cryptocurrency depending on the volume transacted via the customized instant exchange.