Difference between revisions of "Coinut"

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{{infobox company|name=Coinut
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{{infobox company|name=COINUT
 
|industry=Bitcoin & Cryptocurrencies Exchange
 
|industry=Bitcoin & Cryptocurrencies Exchange
 
|website=https://coinut.com
 
|website=https://coinut.com
 
}}
 
}}
  
[https://coinut.com COINUT] is a cryptocurrency exchange founded in 2013 and owned by the COINUT Group and headquartered in Asia’s financial hub, Singapore, with subsidiaries in north America and Europe. It was designed to make it easier, faster and more secure for people all over the world to trade cryptocurrencies and their derivatives. The company is backed by [https://www.boost.vc/ Boost VC] in Sillicon Valley and [https://enterprise.nus.edu.sg/ NUS Enterprise] in Singapore. COINUT was the first to provide exchange traded [http://en.wikipedia.org/wiki/Option_(finance) Bitcoin options]. However, they paused options trading in 2016 due to liquidity issues and limited market interests. Currently they are providing cryptocurrencies trading with fiat support including Singapore dollars and US dollars. But they are looking forward to relaunching options and other derivatives trading.
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[https://coinut.com COINUT (COIN Ultimate Trading)] is a cryptocurrency exchange that was founded in 2013 and is headquartered in Singapore, with subsidiaries in Canada, Malaysia and Switzerland. COINUT was designed to make it easier, faster and more secure for people all over the world to trade cryptocurrencies and their derivatives. The company is backed by [https://www.boost.vc/ Boost VC] in Sillicon Valley and [https://enterprise.nus.edu.sg/ NUS Enterprise] in Singapore. COINUT was the first to provide exchange traded [http://en.wikipedia.org/wiki/Option_(finance) Bitcoin options]. Currently COINUT provides the ability to trade cryptocurrencies and fiat currencies, including Singapore dollars and US dollars, and is working towards relaunching options and other derivatives trading after pausing them in 2016 due to liquidity issues.
  
 
== Trading pairs ==
 
== Trading pairs ==
COINUT supports cryptocurrencies Bitcoin (BTC), Litecoin (LTC), Ethereum Classic (ETC), Ethereum (ETH), Monero (XMR), ZeroCash (ZEC), and Tether USD (USDT). It also supports fiat currencies including Singapore dollars (SGD) and US dollars (USD). The pairs supported are:  
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COINUT currently supports fiat currencies, including Singapore dollars (SGD) and US dollars (USD). The pairs supported are:
  
 
[[File:Screen Shot 2018-05-08 at 2.21.48 PM.png|thumbnail]]
 
[[File:Screen Shot 2018-05-08 at 2.21.48 PM.png|thumbnail]]
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BTC/USD
 
BTC/USD
 
BTC/SGD
 
BTC/SGD
 
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BTC/CAD
LTC/USDT
 
LTC/BTC
 
LTC/USD
 
LTC/SGD
 
 
 
ETC/USDT
 
ETC/BTC
 
ETC/LTC
 
 
 
ETH/USDT
 
ETH/BTC
 
ETH/LTC
 
ETH/SGD
 
 
 
XMR/USDT
 
XMR/BTC
 
XMR/LTC
 
 
 
ZEC/USDT
 
ZEC/BTC
 
ZEC/LTC
 
  
 
USDT/USD
 
USDT/USD
 
USDT/SGD
 
USDT/SGD
 +
 +
== Fees ==
 +
{| class="wikitable"
 +
!  || Fee (%) || Maker || Taker (30 days USD trading volume)
 +
|-
 +
| VIP 4 || 0.06% || Free || 2,000,000 or more traded
 +
|-
 +
| VIP 3 || 0.07% || Free || 500,000 or more traded
 +
|-
 +
| VIP 2 || 0.08% || Free || 100,000 or more traded
 +
|-
 +
| VIP 1 || 0.09% || Free || 10,000 or more traded
 +
|-
 +
| Normal || 0.10% || Free || 0 or more traded
 +
|}
  
 
== Founder ==
 
== Founder ==
COINUT exchange was founded in 2013 by [https://twitter.com/TheRealXinxi Xinxi Wang], who was pursuing his PhD in Computer Science in [http://www.nus.edu.sg/ National University of Singapore]. Before he started the exchange, he traded in the forex market for years and developed his own automated trading strategy. Both his background in Computer Science and forex trading laid a foundation for creating the exchange. In 2016, he was fasciated by Litecoin and joined as a volunteer developer and later he co-founded the [https://litecoin-foundation.org/about-us/ Litecoin Foundation] with the Litecoin creator [https://twitter.com/SatoshiLite Charlie Lee]. Since then, Litecoin has became the mostly traded cryptocurrency in the exchange.
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COINUT exchange was founded in 2013 by [https://twitter.com/TheRealXinxi Xinxi Wang] while he was pursuing his PhD in Computer Science in [http://www.nus.edu.sg/ National University of Singapore]. Before starting COINUT, Xinxi was an active trader in the forex market and developed his own automated trading strategy. His combined background in Computer Science and forex trading helped lay the foundation for creating COINUT.
  
 
== Technology ==
 
== Technology ==
COINUT has a very advanced match engine that can handle 2.6 million orders per second, which is probably the fastest among all cryptocurrency exchanges followed by [https://binance.com Binance]. Their backend system was written in C/C++ instead of the prevalent but slower scripting languages like NodeJS or PHP. According to their founder, their proprietary technology is not based on [https://www.lmax.com/technology LMAX], which may have issues in failure recovery.
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COINUT utilizes an advanced matching engine that can handle 2.6 million orders per second, which is among the fastest of all cryptocurrency exchanges, including [https://binance.com Binance]. The company’s backend system was written in C/C++ instead of the more prevalent but slower scripting languages like NodeJS or PHP. According to Mr. Wang, their proprietary technology is not based on LMAX, which may have issues in failure recovery.
  
 
== Expansion ==  
 
== Expansion ==  
The exchange was founded in Asia's financial hub, Singapore. In late 2017, the exchange experienced tremendous growth and started to expand overseas. Now the exchange has subsidiaries in Canada and Switzerland and will enable Canadian dollars and Euros trading.
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The exchange was founded in Asia's financial hub, Singapore in December, 2013. In late 2017, the company experienced tremendous growth and started to expand overseas. Today, COINUT has subsidiaries in Canada, Malaysia, and Switzerland and will soon enable Canadian dollars and Euros trading.
  
 
== References ==
 
== References ==
 
<references />
 
<references />

Latest revision as of 00:24, 24 April 2019

COINUT
IndustryBitcoin & Cryptocurrencies Exchange
Websitehttps://coinut.com

COINUT (COIN Ultimate Trading) is a cryptocurrency exchange that was founded in 2013 and is headquartered in Singapore, with subsidiaries in Canada, Malaysia and Switzerland. COINUT was designed to make it easier, faster and more secure for people all over the world to trade cryptocurrencies and their derivatives. The company is backed by Boost VC in Sillicon Valley and NUS Enterprise in Singapore. COINUT was the first to provide exchange traded Bitcoin options. Currently COINUT provides the ability to trade cryptocurrencies and fiat currencies, including Singapore dollars and US dollars, and is working towards relaunching options and other derivatives trading after pausing them in 2016 due to liquidity issues.

Trading pairs

COINUT currently supports fiat currencies, including Singapore dollars (SGD) and US dollars (USD). The pairs supported are:

Screen Shot 2018-05-08 at 2.21.48 PM.png


BTC/USDT BTC/USD BTC/SGD BTC/CAD

USDT/USD USDT/SGD

Fees

Fee (%) Maker Taker (30 days USD trading volume)
VIP 4 0.06% Free 2,000,000 or more traded
VIP 3 0.07% Free 500,000 or more traded
VIP 2 0.08% Free 100,000 or more traded
VIP 1 0.09% Free 10,000 or more traded
Normal 0.10% Free 0 or more traded

Founder

COINUT exchange was founded in 2013 by Xinxi Wang while he was pursuing his PhD in Computer Science in National University of Singapore. Before starting COINUT, Xinxi was an active trader in the forex market and developed his own automated trading strategy. His combined background in Computer Science and forex trading helped lay the foundation for creating COINUT.

Technology

COINUT utilizes an advanced matching engine that can handle 2.6 million orders per second, which is among the fastest of all cryptocurrency exchanges, including Binance. The company’s backend system was written in C/C++ instead of the more prevalent but slower scripting languages like NodeJS or PHP. According to Mr. Wang, their proprietary technology is not based on LMAX, which may have issues in failure recovery.

Expansion

The exchange was founded in Asia's financial hub, Singapore in December, 2013. In late 2017, the company experienced tremendous growth and started to expand overseas. Today, COINUT has subsidiaries in Canada, Malaysia, and Switzerland and will soon enable Canadian dollars and Euros trading.

References