CoinList, a token platform that is backed by Jack Dorsey the CEO of Twitter, has released a new exchange known as CoinList Pro for driving its cryptocurrency trading further. Announcing the news on Thursday, July 30, 2020, CoinList says that as a professional exchange, CoinList Pro will target institutional investors and traders for the trading of new tokens.
CoinList Pro is basically an exchange platform that facilitates the purchasing of the new tokens which the clients of the CoinList token platform list on the platform. CoinList Pro has been introduced as a model to the Coinbase Pro exchange which was launched by the major cryptocurrency exchange Coinbase.
Bitcoin and Ether listed on CoinList Pro
According to the President of CoinList Andy Bromberg, this Pro exchange has initially added support for a few tokens which include the world’s largest digital currency Bitcoin (BTC), the second-ranked cryptocurrency Ethereum (ETH), Algorand (ALGO), orchid (OXT), and cello (CELO).
However, the exchange platform aims to list more coins with the passage of time. According to Bromberg, the token filecoin is set to launch in the month of September and when it does, the CoinList Pro exchange will add support for its trading and it will become the first exchange to do so.
CoinList Pro will reduce friction
Furthermore, Bromberg said that the CoinList Pro exchange plans to offer a lot of token sales in the present year and as a result, it will decrease friction. There is no need for users to have a separate digital currency wallet for wiring money they can use their bank accounts for this purpose.
Moving on ahead, Bromberg stated that any person who takes part in their token sale program will become a user of CoinList and then “they are going to be the most passionate community members. And we instantly will have those community members as exchange clients.” Adding more to it, he said, “Our dream sequence is users buying from a token sale and eventually selling that asset on CoinList Pro for a seamless flow”.