CoinList creates an exchange for institutions

The CoinList token sale platform has just announced the launch of CoinList Pro, a cryptocurrency exchange for institutions. The project partners are BitGo, Bison Trails and Anchorage, which operate the platform's storage and staking systems.

CoinList Pro is an extension of the existing exchange and, according to the companies, it supports features such as "real-time order book and multiple order types". The company explained that the platform will help solve many problems that have so far been faced by investors. CoinList CEO Andy Bromberg said:

"Before, the sale of tokens would take place and then we would give instructions to users to generate a wallet, then they would wait for the exchange to handle the token on the trading side, and then have to send the tokens from the wallet to the exchange."

CoinList Pro will initially only support Bitcoin, Ethereum, Celo, Orchidea and Algorand. By the end of the year, the company plans to carry out a dozen or so token sales, which will also be available on the new platform.

In 2019, CoinList raised around $ 10 million in a fundraising event involving Polychain Capital and Twitter CEO Jack Dorsey. The obtained funds were used to launch the CoinList Trade cryptographic platform.



Featured