Todd Crosland, founder and former CEO of Interbank FX (IBFX), says he is launching a cryptocurrency brokerage service called CoinZoom.
The bespoke service enables clients to buy, sell, and store some of the largest cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Dash. Through its trading platform, trades are brokered and supported by institutional grade trading tools.
CoinZoom aims to provide a seamless infrastructure that allows 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 a vast expertise in providing brokerage services. It also leverages the founders’ experience to shadow operational requirements for analogous businesses in traditional financial services.
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CoinZoom has selected BitGo as its digital wallet security provider. BitGo’s technology handles security, compliance and custodial issues associated with blockchain-based assets.
Crosland said that CoinZoom’s trading platform also offers social trading capabilities, appropriate risk and liquidity management, alongside maintaining ongoing relationships with reputable liquidity providers.
CoinZoom currently offers demo accounts for clients keen to try their hand at trading cryptocurrencies before engaging in real dealings, which is set to launch later this summer. The trading platform is available as mobile, desktop, and web versions.
Commenting on the new, Todd Crosland, said: “We are excited to announce the launch of CoinZoom, our new digital currency trading brokerage firm. The CoinZoom team has extensive global trading experience and proven capabilities in designing, building and operating a global financial services company. We have “done this before” in foreign exchange markets and are using our know-how to build a reliable, safe, compliant and innovative digital currency trading platform.”