IBFX Founder Launches Cryptocurrency Brokerage Service

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 Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term 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.‎

CoinZoom has selected BitGo as its digital wallet security provider. BitGo’s technology handles security, compliance and custodial issues associated with ‎Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-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.‎”