CoinZoom Opens First European Office in Dublin

The exchange also received an Austrac license for operating crypto exchange in Australia.

Utah-headquartered crypto exchange CoinZoom has opened a new office in Dublin, Ireland, following its goal of global expansion.

CoinZoom opened the office under its European subsidiary CoinZoom Europe marking its first presence in the continent.

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Mentioning the development, Todd Crosland, CEO of CoinZoom, stated: “Our expansion into Ireland and, more broadly, Europe and the EMEA region is a milestone for CoinZoom as we position our company to provide global customers with an innovative and differentiated trading experience for cryptocurrency traders.”

Marking a Global Presence

This is not the first international entry of CoinZoom as last month; the exchange gained a license from Australian financial watchdog Austrac, which allowed it to legally operate a cryptocurrency exchange in Australia. The exchange also announced that its operations will go live in the first quarter of 2019 and will operate as a fiat-to-crypto exchange listing trading pairs of multiple coins including Bitcoin, Bitcoin Cash, and Ripple.

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CoinZoom’s founder Todd Crosland also founded the FX exchange Interbank FX (IBFX). As the exchange claims, it is aiming to provide a seamless infrastructure that will allow investors to access ‎cryptocurrencies across the spectrum of the asset class. The company’s core team ‎comes with decades of regulatory compliance experience, as well as vast expertise in ‎providing brokerage services. It also leverages the founders’ experience to shadow operational requirements for analogous businesses in ‎traditional financial services.‎

Though the exchange has not yet started its operations, it is providing demo accounts to potential customers to give them a trading experience platform.

It has also selected BitGo as its digital wallet security provider instead of handling storage itself.

“CoinZoom’s mission centers on enabling both retail and institutional cryptocurrency traders with superior technology, security, and multiple user-friendly fiats to crypto funding options. Our Dublin office will help us provide more localized service to our clients in Ireland and the EMEA region,” Crosland added.

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