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Demand for the service to launch new cryptocurrencies tripled in 202 compared to the previous year amid the emergence of more and more blockchain technology-based projects, according to licensed exchange platform CryptoCoin.PRO.
During this year, CryptoCoin.PRO has registered more than 30 applications from startups that wanted to launch their own cryptocurrency, a quarter of which are Romanian companies.
“The demand for launching new cryptocurrencies has seen a considerable advance this year, commensurate with the much greater understanding of the applicability and multitude of areas in which blockchain technology can be adopted, but also amid increased enthusiasm from users in the crypto ecosystem,” said Tudor Motreanu, Chief Financial Officer, CryptoCoin.PRO.
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According to the company’s representatives, those who turn to CryptoCoin.PRO’s solution and support for the creation and launch of their own cryptocurrency through an ICO want to leverage this asset in order to attract capital for the development of the projects being carried out, thus covering their need for liquidity.
How the service works
The platform offers users the possibility to purchase the newly launched cryptocurrency directly by credit card or bank transfer, the CryptoCoin.PRO platform is fully licensed for cryptocurrency operations in accordance with EU law and accepts card payments in any currency and withdrawals to bank accounts in euro.
The benefits of the service include: ensuring relationships with banking institutions (ensuring conversion between cryptocurrency and conventional currencies as well as implementing the necessary payment methods), regulated Know Your Customer (KYC) & Customer Due Diligence (CDD) or Anti Money Laundering (AML) bank-approved services and procedures, intuitive access through an API and 24/7 live support.
CryptoCoin.PRO also develops for each listed ICO project a promotional webpage, which contains information about its usefulness and detailed description (whitepaper), a calendar of planned activities, details about the team and company behind the project development and many other details of interest.
The service also provides a virtual wallet that allows the investor to both store cryptocurrencies securely and exchanges them directly into conventional currencies.
Among the projects that have benefited from CryptoCoin.PRO’s ICO launch services over the years have been REME-Coin (a shopping payment service with cashback) or Maracoin (cryptocurrency of the bookmaker Marathonbet).
CryptoCoin.PRO is a licensed exchange platform that allows users to buy and sell cryptocurrencies, choosing from a portfolio of over 120 cryptoassets.
Launched in 2017, the CryptoCoin.PRO platform also offers a range of services for private or institutional clients: cryptocurrency brokerage, OTC desk services, consulting services, infrastructure and technical support for startups looking to launch their own cryptocurrency, as well as FIAT-to-crypto transition solutions for multiple blockchain projects, exchanges and DApps.