Place/Date: Teufen, Switzerland - January 25th, 2018 at 8:00 am UTC · 3 min read
Contact: Toma Besedina, Source: Finom
After two months of rebranding and working to increase the user capacity of the Cryptonit exchange, registration is open for new users. The exchange’s interface and trading engine have been completely revamped; it will allow the service to cope with larger loads. Since 2017, Cryptonit is a part of the financial blockchain company Finom AG, along with Nanopool, one of the largest mining pools, and TabTrader, a mobile app allowing to trade on 24 crypto exchanges.
Cryptocurrency exchange Cryptonit currently serves over 38,000 users with BTC, ETH and EUR pairs available for trading. An exchange deposit can be opened by transferring funds via bank card, direct transfer or crypto wallet. All these methods supplemented by OKPAY can be used for withdrawal operations. No verification is required to deposit and withdraw funds in cryptocoins. Cryptonit’s commissions remain one the lowest in the industry: between 1% and 4.5% for deposits and withdrawals.
Yegor Karatov, Chief Compliance Officer of Finom and Co-founder of Cryptonit comments the recent changes regarding the platform:
“Recently, the sudden bitcoin growth raised a series of new users’ registration closings on the largest crypto exchanges including Bittrex, Kraken, and CEX.IO. The stream of a new audience was cut off, which provoked a slump in the cryptocurrency exchange rate. The market lacks a wide choice of high-quality and reliable platforms. This is the reason we are opening Cryptonit to new users earlier than we intended. Registration had been temporarily closed in order to carry out the platform’s maintenance. All planned technical work for the relaunch has now been completed. The trading engine is fundamentally new, and we expect it to hold greater loads in comparison with the previous one.”
The exchange supports about one thousand transactions daily. The platform developers plan to increase the trade volume significantly by incorporating LMAX Disruptor technology that will allow boosting the service’s capacity to one million transactions per day. It will raise the exchange to the same tier in the industry as Bitfinex, Bittrex, Poloniex, and GDAX (Coinbase) have.
Finom is a financial blockchain corporation grown out of five companies: Nanopool, TabTrader, Cryptonit, Cryptal и Beetle.io. Finom’s mission is to make the world of finance available to everyone. The corporation acts as an aggregator of financial tools for the crypto community, providing an exchange, investment services and mining tools. The company’s services are already used by 520,000 clients in 178 countries. Profits over the first 11 months of 2017 reached $3.2 million.
Disclaimer: Finom AG is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest