Coinut: Difference between revisions
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! || Fee (%) || Maker || Taker (30 days USD trading volume) | ! || Fee (%) || Maker || Taker (30 days USD trading volume) | ||
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| VIP 4 || 0. | | VIP 4 || 0.06% || Free || 2,000,000 or more traded | ||
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| VIP 3 || 0. | | VIP 3 || 0.07% || Free || 500,000 or more traded | ||
|- | |- | ||
| VIP 2 || 0. | | VIP 2 || 0.08% || Free || 100,000 or more traded | ||
|- | |- | ||
| VIP 1 || 0. | | VIP 1 || 0.09% || Free || 10,000 or more traded | ||
|- | |- | ||
| Normal || 0. | | Normal || 0.10% || Free || 0 or more traded | ||
|} | |} | ||
Revision as of 20:51, 21 September 2018
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 the following 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:
BTC/USDT
BTC/USD
BTC/SGD
BTC/CAD
LTC/USDT LTC/BTC LTC/USD LTC/SGD LTC/CAD
ETC/USDT ETC/BTC ETC/LTC
ETH/USDT ETH/BTC ETH/LTC ETH/SGD ETH/CAD
XMR/USDT XMR/BTC XMR/LTC
ZEC/USDT ZEC/BTC ZEC/LTC
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. In 2016, he joined the Litecoin team as a volunteer developer and later co-founded the Litecoin Foundation with Litecoin creator Charlie Lee. Since then, Litecoin has become the most heavily traded cryptocurrency in the exchange.
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.