CoinField Exchange to be Set up

CoinField cryptocurrency exchange for Canadians will be officially launched on February 15, 2018, enabling BTC, XRP, ETH, LTC, DASH and BCH trading
15 February 2018   726

CoinField aims to make the largest portfolio of coins available to Canadians. The users will be able to trade in the top 6 coins: Bitcoin, Ethereum, Ripple, Litecoin, Dash and Bitcoin Cash. CoinField will develop an advanced and flexible technology enabling new coins to be added to the platform every few weeks.

The launch of CoinField Exchange is scheduled for February 15, 2018.

CoinField Exchange PreviewCoinField Exchange Preview

CoinField Features:

  • Instant verification through Equifax
  • Cold Wallet Storage
  • 24/7 Support
  • Multi-Layer technology secured by BitGo
  • Advanced algorithms to detect and flag any suspicious activity on the account
  • Transparency
  • Real time orderbooks, trade history, charting tools
  • Canadian owned company

The list of coins which will be added to CoinField Exchange you can find among the coins and tokens listing on the exchanges on February 15.

Crypto Exchange White Label Service launched by OKEx

OKEx, one of the biggest exchanges in the world, has declared the run of a crypto exchange creation programme ‘Digital Asset Exchange Open Partnership Program’
20 June 2018   81

The announcement claims that the programme is intended to “nurture a new generation of digital asset exchanges”. To establish a new crypto exchange, interested parties have to provide OKEx with a domain name, logo, and specialties of the management team. They are assured to possess “solid industry experience, quest for service excellence, and strong industry influence.”

Applicants should also deposit 500,000 OKB tokens into their accounts. This equals around $2.5 million at the present rate, according to coincodex.com. OKB is a utility token that were first sold in March of this year in packages of up to 100, each costing $100. They can be applied to settle transaction fees on the exchange and traded for Bitcoin, Ethereum and Tether.

The applicants will get access to OKEx’s fitting system (which links up buy and sell orders), cold and hot wallets (offline and online cryptocurrency storage), clearing system (which handles money transfer), client support system, and know-your-customer and anti-laundering systems. They will also get support from the OKEx technical team.

100 places are suggested by the programme in its first phase. It is anticipated to start in July. The announcement also points out the setup that the new exchanges must have. They will develop their own native tokens, and distribute them as follows:

  • 25 percent to themselves;
  • 24 percent to OKB holders;
  • and 51 percent to be mined.

OKEx explains the mechanisms by which the tokens will be mined/released. The term white label was firstly invented in the music industry - a white label vinyl record was a release so new that it had not yet been labelled, a much sought-after thing. Presently it cites to a service or product manufactured by one company and sold to another for re-sale under a different brand name.