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KoinOK – New Cryptocurrency Exchange

 

KoinOK is a cryptocurrency exchange which facilitates users to trade in Ether, Ripple and other popular cryptocurrencies by following an open order book system.

 

Products which involves a significant amount of money have to solve the most fundamental problem which is TRUST. Users should believe in the product and team that their money is safe on the platform. KoinOK exchange have invested heavily in the platform security and support teams to provide users a peace of mind and focus on trading; leaving everything else to team KoinOK.

The founding team has highly skilled and experienced entrepreneurs who have worked across a diverse set of industries with 15+ years of experience.

Vibhay Sachan is the founder of KoinOK, he has completed his B.Tech in Computer Science and has worked as a senior software engineer in a Delhi based Food SaaS Startup.

Vivek Agarwal is an IIT Delhi alumnus, 2012 batch; and Manish Atri is an IIIT Allahabad alumnus, 2013 batch. While Vibhay and Manish are looking the technology part, Vivek is looking after the product development focusing on marketing and growth.

There is always a doubt in the mind of a user whether trading in cryptos is legal or not. But, having the finance minister said in the Union Budget 2018 that, cryptocurrency isn’t legal tender is perfectly logical. It doesn’t mean crypto trading is illegal but comes with its own risks like any other investment asset in the market. There are a lot of people in India who are intrigued by the technology but don’t understand it well enough.

 

Product Differentiation and Competitive Advantage

 

KoinOk has focused on providing the best user interface to their users and we have got some great reviews regarding that. Our KYC verification and deposit/withdrawal facilities are quite fast as compared to other exchanges. But our standout features are:

 

  •  Security – End to end data encryption, multi-sig hardware wallets, 2FA authentication.
  • Availability – Scalable and efficient trading engine, minimal downtimes with 24*7 customer support.
  • Speed – Faster order execution on the back of advanced order matching algorithms.

 

KoinOK Offerings

 

  1. Zero trading fee for complete month of February
  2. Instant KYC approval
  3. Faster deposits and withdrawals
  4. Trading with Ripple and Ethereum
  5. Neo going live soon

 

To outpace our competitors we have developed our own in-built trading engine which can process a high number of transactions per second and can scale automatically in case of high loads. Our backend systems are robust enough to onboard a new currency in minimal times with very few changes needed in the main code. We would soon be announcing our referral program which will help us to reach out to more users while rewarding our existing users.

 

Our future plans are inclined towards making our platform more robust regarding faster order executions, improved user interface, regular onboarding of new cryptocurrencies and dedicated mobile application for improved mobile usability and security.

KoinOK will also let users invest in index tokens which will help in maintaining a much diverse portfolio protecting users from the high volatility of the cryptocurrency market.

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