New Crypto Exchange Aims to Become Leading Platform in Europe by 2020
An upcoming cryptocurrency exchange is aiming to become a leading player in Europe by 2020 — listing cryptocurrency altcoins as well as helping startups to get their Initial Coin Offerings off the ground.
Blockchain.io says it will keep exhaustive accounting records that are regularly audited — and give peace of mind to customers by making extensive efforts to comply with the regulations in their jurisdiction, along with international laws. In the long run, it hopes this will help prevent scenarios where customers’ assets are seized or frozen by government officials. Currencies will only be listed on Blockchain.io once they have gone through a strict vetting process to ascertain their sustainability, with a team of experts performing a deep protocol review to help ensure they are technically sound.
The exchange says at least 98 percent of its reserves is held in cold storage. Access to cold wallets require multiple signatures with the private key split across vaults in several locations — helping keep the funds highly secure.
Blockchain.io is being launched by Paymium.com — a company which describes itself as “one of the oldest Bitcoin exchanges in the world.”