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COSS Exchange Introduces Negative Maker Fees

Fabiola S. Arcuri

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Singapore based COSS – a leading digital assets exchange – has implemented a negative maker fees programme for all its traders. This makes COSS one of the few top cryptocurrency exchanges in the world to incentivise traders for adding orders on the order-books.

The implementation comes days after the exchange added 0% maker fees – waiving off all trading fees for those acting as market makers of orders during trading.

COSS is popular among its users for being extremely community oriented. The negative maker fees has been introduced in response to user requests, while also making sure the exchange continues to earn a healthy revenue from trading.

The exchange allows its users to claim 50% of all trading fees generated daily under a unique Fee Split Allocation programme. In addition to the above, COSS provides discounted trading fees to traders who pay fees with the exchange’s native token, like Binance, Huobi and many other top global exchanges.

Sankalp Shangari, Group CEO of COSS, shares more regarding this update:

We are in the process of building the best global trading experience. As part of our continuous feedback-and-action style of working, we gather user feedback and incorporate it in our business and product strategy. It is important for us to make sure new traders on the exchange get one of the best trading platforms to use.

The negative maker fees implementation will allow for enhanced liquidity and better price discovery for assets on our exchange. We are restructuring our listing processes, and scouting for the best blockchain projects in the world to make COSS their home exchange.”

Founded in early 2017, COSS was launched with a vision to be a global Crypto One Stop Solution – a time when cryptocurrency assets had still not received the attention of the masses. The exchange merged with Arax, also a Singapore based fintech startup, which has created a multi-asset wallet that focuses on utility and spending of digital assets. The merged entity has adopted the COSS vision and brand name, and Arax is now known as COSS Wallet.

Rune Evensen, Chief Product & Strategy Officer of COSS, explains:

“Incentivising market makers is an important strategy for us. It is aimed to allow large market makers to trade on our platform. This update has been a long time coming, and we are glad to introduce it as one the first major updates during our resurgence.”

Communicator, Bacon trailblazer, Entrepreneur. If you have any questions or comments please feel free to email her at [email protected]

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Exchanges

Poloniex Exchange Forces Password Reset After an Alleged Data Leak

June G. Bauer

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Poloniex data leak

Yesterday, Poloniex cryptocurrency exchange sent an email to some of its users alerting them about a potential security breach after an alleged list containing Poloniex’s users email addresses and passwords was posted on twitter, which could be used by hackers to gain access to their Poloniex accounts.

While almost all of the email addresses listed do not belong to Poloniex accounts, we are forcing a password reset on any email addresses listed that do have an account with us, including yours.

the exchange wrote in its email notification to the affected users.
A screenshot of Ploniex’s email

It’s unclear how the email addresses and passwords were posted on Twitter in the first place and what percentage of the leaked data contained current data from Poloniex customers. That left many users bewildered whether the leak is real or not.

The daily trading volume on Poloniex exchange is $138,972,143, which makes it within the top 50 cryptocurrency exchanges.

Last November, TRON founder Justin Sun confirmed that he was one of the investors who acquired Poloniex from Circle group.

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Exchanges

Graviex Blames Malicious DDoS Attack After The Exchange Went Offline

June G. Bauer

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Graviex-Ddos-Attacks

Mysterious attackers have taken down Graviex cryptocurrency exchange over the last couple of days using DDoS (distributed denial-of-service) attacks.

The DDoS attacks took place on Sunday and Monday, December 29 and 30 , and have targeted Graviex’s main exchange website. During the DDoS, attackers successfully managed to overload two of Graviex’s network providers and managed bring down Graviex’ external connections to other ISPs.

The attackers, which appears to actually own a DDoS botnet contacted Graviex’s team demanding ransom payments,but the exchange refused to pay.

At the time of writing, the exchange now appears to be online and fully functional.

A distributed denial-of-service (DDoS) attack occurs when multiple systems flood the bandwidth or resources of a targeted system, usually one or more web servers. Such an attack is often the result of multiple compromised systems (for example, a botnet) flooding the targeted system with traffic.

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John McAfee Launches a New Platform – McAfeeSwap

Sying Tien

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Mcafeeswap

John McAfee has launched a new crypto platform McAfeeSwap, a decentralized one-stop shop to easily buy and sell cryptocurrency tokens. The platform works as an aggregator that checks the price on different DEXs (Decentralized Exchanges), to ensure users are getting the best price on trades.

In order to use the new platform, users will have to install any web3 enabled crypto wallet such as MetaMask for desktop or Trust for mobile.

A screenshot of McAfeeSwap

The new platform currently supports multiple DEXs and over 100 tokens such as Ethereum, BAT, DAI, Maker and others.

Last October, the former antivirus software tycoon’s John McAfee launched his first decentralized exchange McAfeeDEX, an exchange that dose not require any KYC verification from it’s users.

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