All cryptocurrency traders from Denmark and the surrounding countries now have a reason to buy or sell BCH, XLM and BSV hassle-freely, thanks to Coinify. In an announcement made with regards to this new development, the Copenhagen-based crypto exchange platform said that the three would be listed on their site from 12th February 2019.
According to a Feb 11th statement posted on news.Bitcoin.com, the exchange’s co-founder and CEO, Mark Højgaard, the three are part of their plans to increase the number to 15. He says they are optimistic that by the end of 2019, their digital assets exchange will have fully supported all the 15.
The three cryptocurrencies now join a list that has Ethereum which was also listed in late 2018. Effectively, users are now free to trade their Bitcoin Cash, Stellar and Bitcoin SV coins directly using bank transfer or a credit card.
However, There’s A Catch!
Coinify is one of the few exchanges to allow its users to buy the three cryptocurrencies without having to necessarily buy BTC. Traders, therefore, are at will to conveniently buy the coins using either a credit card or a bank transfer. This, the pundits say, is in line with the exchange’s ambitious plan to enhance the way crypto-based payments are conducted.
For a while now, Danish crypto traders have been crying for a community-oriented exchange. And as Coinify positions itself, hoping to fill that role, its intention to remain as an exchange and also a payment method, this new development is a clear intention of that.
Bitcoin Cash is revered by many because it guarantees speedy, efficient and cheaper options of payment, charging a meager half cents for transfers. The other two cryptocurrencies are rapidly rising in value and usage.
Also, Højgaard says the recently listed coins align with their internal compliance standards especially because their exchange is poised to take an agnostic position on the crypto space. He says the most significant factor that places Coinify apart from all the other exchanges is their low-cost costs in bank transfers.
The Exchange Has Also Rebranded Parts Of Its Trading Site
Alongside supporting the three new cryptocurrencies, Coinify has introduced some slight changes on its trading platform. The exchange’s desire to dissociate the payments product tab from the B2B services-oriented platform has forced the ‘Buy and Sell’ area to change its name. It will henceforth be known as ‘Mycoinify.’
However, as the company’s head of payment solutions, Pia Skafte Johansen, admits, Mycoinify will still focus on the needs of its users. It will offer them a modest, intuitive and compliant platform. The Nordic Eye Venture Capital-backed exchange will keep attracting those would like to enter the world of cryptocurrency.