COBINHOOD, the first high-frequency cryptocurrency trading platform in the world, announced the addition of the IOTA ledger. The technology that powers this cryptocurrency is built for the future of the Internet of Things (IoT) with microtransactions and data integrity for machines. The cryptocurrency is now negotiable on the centralized exchange of COBINHOOD with the MIOTA ticker symbol.
The addition of MIOTA follows the inclusion of over 40 coins on the COBINHOOD exchange, ranging from the major cryptocurrencies like Bitcoin, Litecoin and Ethereum to the most advanced alternative token in the world. IOTA is a revolutionary new system of transactions and data transfer for the IoT. It is based on a new distribution register technology, Tangle, which overcomes the inefficiencies of current blockchain projects and introduces a new way to reach consensus in a decentralized peer-to-peer system. Through the IOTA, for the first time ever, people and machines can transfer money and data without transaction costs in a trusted environment, without authorization and decentralized.
“We are thrilled to continue our growth and momentum in the cryptocurrency space by adding IOTA to the COBINHOOD platform,” says Popo Chen, CEO of COBINHOOD. “IOTA is a promising technology platform that will help push the market forward, and we look forward to having them on our exchange on their journey to success.”
New tokens are added to the weekly zero-trading-fee platform. The COBINHOOD proprietary matching engine can process millions of orders with less than one millisecond latency.