CoinMetro cryptoexchange open beta launches to woo mainstream

Tempted to dabble in cryptocurrencies, but not sure where to start? CoinMetro has a new platform that might just be the ticket…

Cryptoexchange CoinMetro is inviting curious traders to try out pared-down versions of their offering as it today launches an open beta trading platform.  

CoinMetro won fiat to cryptocurrency exchange and wallet licences from the Estonian government in June and says its mission is to bring cryptotrading into the mainstream. The team, who founded forex trading site FXPIG in New Zealand in 2010, also reportedly has plans to apply to the UK’s Financial Conduct Authority for an e-money licence.

Coinbase and Wirex are among the very few teams to have successfully applied for the FCA standard, which allows access to banking services in the UK.

On offer to those that sign up in the open beta are two versions of CoinMetro’s service, alongside its multi-currency wallet.

A ‘simple’ buy/sell exchange is aimed at beginners, while a more complex ‘intermediate’ exchange will give seasoned traders the option to check price positions, analyse historical data with industry-standard candle and mountain charts, as well as offering users the ability to save and switch between their favourite trading pairs.

At this time, leading cryptocurrencies BTC, ETH, XRP, LTC and BCH are listed, as well as fiat USD.

CoinMetro claim fiat currencies including EUR, USD, GBP and JPY will also become available on the full platform, alongside investment options like asset management and crypto ETFs – as and when they themselves become fully regulated.

CoinMetro say their systems are backed by by real-time market data and order execution tech, as you would expect from a top-level cryptoexchange. However, only paper trades are available until the full launch, which is slated for late-2018. CoinMetro’s trading and ICO investment platforms have been disabled while the open beta undergoes stress testing, but both will apparently be available for the full product debut.

Kevin Murcko, CEO at CoinMetro said: “Creating a user-friendly experience for this open beta – one that doesn’t exist at the expense of functionality – has absolutely been front of mind for us. We’ve listened intently to all the feedback we received during our closed beta, and have implemented as much as possible for the open beta experience.

“Crypto needs a marketplace that is accessible to all – one that caters to both beginners and advanced traders. With our current version now live for the public, we’re showcasing just how far we’ve come in achieving that goal.”