COBINHOOD

Founded in 2017 by Popo Chen, COBINHOOD was a Taiwan-based cryptocurrency exchange that gained initial popularity for its "zero trading fees" model. The company's mission was to maximize traders' profits by eliminating transaction fees. Alongside its exchange, it also provided ICO underwriting services to help new blockchain projects launch. Despite its promising start, the company faced significant operational and financial challenges, leading to an abrupt shutdown in early 2020. The closure was controversial, with numerous user complaints about an inability to withdraw funds, which ultimately resulted in legal investigations by Taiwanese authorities.