Company Information

Get to know 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.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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COBINHOOD

Taiwan

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.