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{{infobox company|name=Coinut
{{infobox company|name=COINUT
|industry=Bitcoin Options Exchange
|industry=Bitcoin & Cryptocurrencies Exchange
|website=https://coinut.com
|website=https://coinut.com
|img=
}}
}}


[https://coinut.com Coinut] is a bitcoin options owned by Coinut Pte. Ltd., a Singapore registered company. It is the first to provide exchange traded [http://en.wikipedia.org/wiki/Option_(finance) Bitcoin options]. Although its current focus is [http://en.wikipedia.org/wiki/Binary_option binary options], which are simple for beginners, its long term goal is to provide a full site for both binary and [http://en.wikipedia.org/wiki/Option_(finance) vanilla options].  
[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.


Although there are already a few binary options sites, few of them are exchange traded, and non of them provide different strike prices, and most of them provide extremely short expiration durations. These make them intrinsically gambling sites as they always have unbeatable advantages to control the chance of winning<ref>http://thefxview.com/2014/06/15/is-binary-options-trading-a-form-of-gambling/</ref>. Compared with them, Coinut is the only site which supports truly exchange traded Binary options. As shown in their website, they strictly disallow members in the company to trade in platform to ensure its fairness, this is probably the first exchange in the bitcoin community that do not participate in trading themselves. <ref>https://www.cryptocoinsnews.com/report-mtgox-fraud-led-to-1200-bitcoin-price/</ref>
== Trading pairs ==
COINUT currently supports fiat currencies, including Singapore dollars (SGD) and US dollars (USD). The pairs supported are:


== Interface ==
[[File:Screen Shot 2018-05-08 at 2.21.48 PM.png|thumbnail]]
Coinut's interface is developed with the goal of maximizing its efficiency and convenience. The core part is written in C++ instead of other slow languages such as PHP (this also makes it more secure). All data is streamed to via WebSocket, which makes the interface extremely responsive and fast.  


== Security ==
In additional the the regular methods adopted by existing bitcoin based sites such as SSL, cold-storage, and Linux based server, it is the first to publish verifiable weekly audit information. The purpose is to increase the transparency of the site.


They adopted the proof of reserve audit approach described in this article https://iwilcox.me.uk/2014/proving-bitcoin-reserves. This method generates verifiable audit results and also has been adopted by a few big name exchanges such as Bitstamp and Bitfinex.
BTC/USDT
BTC/USD
BTC/SGD
BTC/CAD


However, they move this idea one step further. Instead of relying on a third party, they directly show how much bitcoin reserves they have and how much the total user balance is. The audit is practiced for every week. This removes the necessity of the third party, which users may not trust, and also provide better transparency. The following is a screenshot of their Audit interface.
USDT/USD
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 ==
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.


== Supported Assets ==
== Technology ==
* BTC/USD
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.
* BTC/CNY
* BTC/EUR


== 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 ==
== 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:


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

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