Crypto Exchange CoinHub To Add NZO Token Supportbr>
Singapore-based crypto exchange CoinHub will be adding trading support for NZO tokens later this year.
NZO token is the native cryptocurrency of Non-Zero, an ethereum-based platform that is aiming to redefine the broker-client relationship in the retail financial markets industry. NZO token is designed to help brokers transition to a brand new business model. By enabling a transparent public ledger for brokers, the NZO-based ecosystem enables an unprecedented alignment between the interests of retail foreign exchange and contract for difference (CFD) brokers and their clients.
“Non-Zero is our solution to the industry’s key problems, which include perceived conflicts of interest and a compression in client lifetime value,” said Hadi Kabalan, CEO of Non-Zero. “The transparency and accountability of a public blockchain protocol, combined with the portability of the NZO token, should result in market-repair to the benefit of both clients and brokers.”
CoinHub is the first to be named by Non-Zero as a primary venue where its NZO tokens can be bought and sold. The tokens will be available to trade on CoinHub from December 1.
Kabalan said that they believe that the addition of CoinHub to the company’s list of preferred exchanges underlines commitment to launch their product in a timely manner and begin an era of transformation for the retail brokerage industry.
“We are very pleased to select CoinHub as a preferred crypto exchange as we have been very impressed with their commitment to client security and user experience and believe they will be a great option for users of the Non-Zero platform to exchange their tokens,” Kabalan said.
Coinhub, which also has a representative office in Dubai, claimed that it recently passed over 1 billion in traded volume since its launch in January of this year.
“We are delighted to be listing the Non-Zero NZO token worldwide,” said Nuri Fattah, CTO and Co-Founder of CoinHub. “The platform has successfully passed our detailed vetting procedures. We will also be allowing our customers to sign up to the token offering on our exchange.”