- no micro orders (you should trade at least 25-30$)
- withdrawal fee (not related to block chain fee tx).
I think this discussion should be created also in scam accusation topic.
I always felt there was something Fishy about Cobinhood.
1. "Zero-fee cryptocurrency exchange "
I wonder how they would survive if their trading fee was Zero. This was not going to be sustainable long term one way or another.
2. I was a direct rip off in terms of branding from a popular stock trading App know as Robinhood. Very shady in my Opinion. At some point i even thought Robinhood and Cobinhood were kind of related.
3. And the here comes the shady ICO.
Apparently they first raised $20Million from private investors around mid August 2018 and here is the best part... It was for "a New Blockchain That Can Process 1 Million Transactions/s" WTF?
https://hacked.com/cobinhood-founders-raises-20-million-for-new-blockchain-that-can-process-1-million-transactions-s/
Apparently, the new token DEXON started trading even before investors received their tokens and it dumped massively and now we are hearing about filing a bankruptcy? This can not be a coincidence.
What the hell even happened to their other COB token?
1. "Zero-fee cryptocurrency exchange "
I wonder how they would survive if their trading fee was Zero. This was not going to be sustainable long term one way or another.
2. I was a direct rip off in terms of branding from a popular stock trading App know as Robinhood. Very shady in my Opinion. At some point i even thought Robinhood and Cobinhood were kind of related.
3. And the here comes the shady ICO.
Apparently they first raised $20Million from private investors around mid August 2018 and here is the best part... It was for "a New Blockchain That Can Process 1 Million Transactions/s" WTF?
https://hacked.com/cobinhood-founders-raises-20-million-for-new-blockchain-that-can-process-1-million-transactions-s/
Apparently, the new token DEXON started trading even before investors received their tokens and it dumped massively and now we are hearing about filing a bankruptcy? This can not be a coincidence.
Quote
In April 2019, the associated company of Cobinhood, Dexon Foundation, raised over $3 mln on its DXN token ICO. Just the other day, the exchange unlocked DNX and immediately dumped it on the market, without giving investors their purchased coins.
Right on the same day, the exchange declared bankruptcy and appointed liquidators, while the price of DXN plummeted around 80 percent on the news. The crypto community saw this as a clear exit scam.
Source: https://ethereumworldnews.com/cobinhood-crypto-exchange-announces-bankruptcy-community-spots-exit-scam/Right on the same day, the exchange declared bankruptcy and appointed liquidators, while the price of DXN plummeted around 80 percent on the news. The crypto community saw this as a clear exit scam.
What the hell even happened to their other COB token?
