27h Feb, Singapore, Singapore – Singapore’s leading cryptocurrency trading platform is proud to announce its extensive overhaul which includes major improvements in its engine, user interface and a variety of long-anticipated features, all of which can potentially catapult it into the top flight of the crypto-exchange leagues globally.
With a scalable architecture that can handle one million orders per second per pair, the new COSS engine 2.0 corners the market on speed and power with the ability to handle the most demanding of trading conditions. CCXT, the largest API trading community in the world has given its official stamp of approval to the COSS API. CCXT-certification is accorded to only 8 crypto exchanges globally, the likes of Binance, Bitfinex and Bittrex, with COSS being the only one in Singapore. This certification and API listing gives COSS exposure to a vast bot maker community which has the potential to bring large liquidity to the exchange. Notably, the COSS platform has also been security-tested and hacking-certified by cybersecurity industry experts Hacken.io.
“We are thrilled to see the community’s response to our rebuild,” says COSS CEO Rune Evensen. “That always gives you extra energy moving forward. I feel we are well-positioned in a crowded market and we will do our very best to stand out.”
A long-time fiercely popular feature of the exchange, the FSA (Fee Split Allocation) has been a main attraction for traders and investors of the COSS token, where 50% of total trading fees on the platform is distributed via smart contract to all COSS token holders, allowing them to passively accumulate value by simply holding COSS tokens.
To that, COSS has now added or improved an array of features like Fiat Pairs Trading where cryptocurrency is bought directly with fiat – USD via a custody solution and EUR and GBP via credit cards; Stop Loss that safeguards you from taking losses beyond your comfort level; Trade-On Graph where users experience a more intuitive trading experience by trading on the chart itself; Debit Card and Exchange Integration where users can link their debit card to COSS exchange and pay directly for goods and services with cryptos; Institutional Accounts, an easy and convenient way for institutional investors to get into the crypto space; E-Learning and Quick Buy for the man in the street to enter the crypto world; as well as mobile apps, unique trading promo structures and referral rewards plans.
Furthermore, the COSS Team is currently developing, even more, features that COSS Traders can look forward to – Basket Trading where users can diversify their risk and acquire a portfolio of cryptocurrencies conveniently and flexibly; Multiple Timeframe and Comparison Charts for easier assessment of cryptocurrencies; Portfolio Watchlist that reflects any trade executed in the users’ personal portfolio on their account, giving a clear vision of trading performances to help make educated trading decisions as well as the ability to set a watchlist of price movements; Dynamic Withdrawal Fee where users can choose the number of fees they want to pay for their COSS withdrawals; and finally Network Status where users can see real-time status of cryptocurrencies and network transactions to make accurate decisions on deposit and withdrawal of favorite digital assets. Clearly, COSS has no intention of being outdone.
Well on its way to becoming one of the first licensed exchanges in Singapore, COSS has kept its regulatory focus and works closely with ACCESS (Singapore Crypto Currency and Blockchain Industry Association) and SPICE (Standardization of Practice In Crypto Entities) Program. “We have focused on compliance since Day One and aim to be amongst the first applicants once available,” assures Evensen. “Singapore is THE place to be for us and we wouldn’t jump for any regulatory arbitrage.”
COSS stands for Crypto-One-Stop-Solution and represents a platform which encompasses all features of a digital economical system based on cryptocurrency. The COSS system consists of an exchange, an e-wallet, a platform for ICO launches and promotional trading campaigns, a fiat gateway, a market cap widget, a marketplace and more. The COSS platform unifies all transactional aspects that are usually managed by means of FIAT money, and offers multiple cryptocurrency-related services in one place. The list of potential features of the platform can be infinitely extended, and will continue growing as the platform evolves. Visit COSS.IO
Cecilia Wong, yourPRstrategist
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