The next-generation cryptocurrency service platform, COBINHOOD, was introduced in 2017. Popo Chen, the original creator of "17 Media," and Wei-Ning Huang, a former senior engineer at Google, formed the company with the goal of influencing future economies by developing a financial hub for the blockchain era. It is believed that the development of blockchain technology and a decentralised financial system will have a significant, long-lasting impact on the world's capital markets and corporations.
The COBINHOOD cryptocurrency exchange provides trading services for over 90 digital assets, including bitcoin, Ether, Bitcoin Cash, Dash, EOS, Litecoin, NEO, Paxos, Augur, TRON, Tether, Monero, XRP, Tezos, Zcash, and 0x is the company's major offering. The company offers clients these services, market statistics, listing services for ICO developers, and development tools for building ICOs and dApps on COBINHOOD's platform.
On September 20, 2017, the company raised $12.8 million in a single round of funding. The firm's estimated annual revenue is currently $13.5M per year. The company has been rewarded with the Red Dot Design Award, the biggest creator competitor in the world, and many more.