This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
(October 3, 2018; Los Angeles, California) Global demand for a regulated, licensed exchange with aboveboard transparency practices is at an all-time high. In response, Cpublic’s team has meticulously developed Cpublic Exchange, a platform for digital asset trading that is licensed in Wyoming and supported by the Cpublic Exchange Gold (CPG) ICO.
With bank exchange and token sales permit firmly in hand, Cpublic Exchange will join an elite circle of exchanges that offer USD to cryptocurrency transactions. As one of the very few fiat onramps in the world, and one of only four in the United States, Cpublic Exchange is eyeing a retail-friendly approach with branches already established in California, New York, and Cheyenne, Wyoming.
Prior to the beginning development of the exchange, the Cpublic Exchange team carefully analyzed existing service solutions. They found that the vast majority of exchanges lack liquidity, have inadequate customer service, are difficult to use, and aren’t primed to handle incoming regulatory changes. In effect, the Cpublic Exchange is designed from the ground up to take these shortcomings into account and surpass user expectations with an elegant, efficient, and secure exchange that puts a premium on user-experience.
To build the exchange, Cpublic Exchange brought in a team with experience building infrastructure for Forex, Nasdaq, and a brace of well-known cryptocurrency exchanges. With great experience comes the ability to deliver industry-leading features, and as such, Cpublic Exchange will launch with a deep cache of order types, attributes, and trading pairs to support novice to expert traders.
Uptime is a major concern for cryptocurrency exchanges, and as last year’s bull market proved, a surge in users is all it takes to knock leading exchanges offline. Cpublic Exchange has load-tested 1M transactions per second and up to 100,000 concurrent users per instance to ensure that the exchange’s architecture is scalable and surge-proof. When the bull market is back on, Cpublic Exchange will be standing strong.
The Cpublic Exchange uses a native utility token, Cpublic Exchange Gold (CPG), to pay for in-platform fees at significantly discounted rates. Deposit and withdrawal fees, margin fees, and new token listing fees are all discounted through the use of CPG as a payment currency. As Cpublic Exchange’s user base grows and its status as one of the few USD to cryptocurrency onramps brings increased awareness, the demand for CPG tokens will accordingly increase with its use.
CPG tokens will trade exclusively on the Cpublic Exchange and are currently for sale in the Cpublic Exchange Gold (CPG) token sale. The token sale gives investors an opportunity to own a piece of tomorrow’s exchange infrastructure today. Early investors are rewarded with discounts and, mere weeks after the sale concludes in late 2018, the Cpublic Exchange will open its platform for trading in early January, 2019.
Currently, Binance ranks at the top of the list for highest volume cryptocurrency exchanges. With an estimated 9 million users and quarterly profits in excess of $200 million, there is no doubt that cryptocurrency exchanges are a successful business model. However, Binance lacks USD to cryptocurrency trading pairs and has had a host of technical issues during peak traffic times.
Cpublic Exchange, on the other hand, will start as a competitor to global exchange giants Coinbase, Kraken, and Bittrex with its USD onramp offering and superior scalable architecture. As such, it isn’t a stretch to envision Cpublic Exchange contending with Binance for top-exchange honors after traders test its second-to-none security and robust trading interface.
Recently, ICORating released a scathing report in which a majority of exchanges, including Binance, were found severely lacking on user security. Cpublic Exchange’s team of industry experts picks up where other exchanges have fallen short and make no compromises on the absolute safety of user assets.
With an eye toward the future, Cpublic Exchange is built to accommodate the next big thing in cryptocurrency assets: Security Tokens. As the tokenization of securities goes mainstream in the coming years, Cpublic Exchange will be there to make sure traders have a reliable inroad to the historic occasion.