Crypto Exchange Network Planned By Digital Asset Firm Coinsuper

News | May 22, 2018 By:

Hong Kong-based digital asset trading platform Coinsuper is planning to create a Crypto Exchange Network (CEN) and connect it with the financial sector.

Founded in 2017, Coinsuper is under the Higgs Block Group, a blockchain technology and financial conglomerate originally established in Singapore in 2017. Coinsuper adopts methods such as SSL encryption technology, multi-signature cryptocurrency wallets, offline capital management to ensure the security and stability of the platform. The company also adopts Google Authenticator in customer login and fund/BTC withdrawal to ensure that their customers’ assets and account information are well-protected.

During the FINWISE Summit in Tokyo, Higgs Block Group CEO Karen Chen stressed the importance of establishing a Crypto Exchange Network. She said the network will coordinate the traditional financial world, including financial institutions, regulatory authorities, and cryptocurrency exchanges, to expand the cryptocurrency market.

Chen said that Coinsuper plans to act as a syndicate agent and a central hub. Coinsuper’s responsibilities will include coordinating with exchanges, protecting customers, opting for self-regulation, mitigating risks and developing more business opportunities to achieve a win-win situation.

Chen did not provide extensive details regarding the platform’s future services, but she said it will only support “good quality” initial coin offering (ICO) tokens.

“The CEN will only support good quality ICO tokens to get listed and connect to a group of cryptocurrency exchanges, so as to expand their market presence,” Chen said.