It has been 10 years since Satoshi Nakamoto released the Bitcoin whitepaper, the first ever created cryptocurrency in the world. But still, why cryptocurrencies are not mainstream and being adopted by the wide public.
There are several reasons why cryptocurrencies cannot be taken to the public mass widely yet. One issue is usability, it could be a challenging process for newcomers to begin investing in cryptocurrencies due to its complicated process to trade and manage different crypto wallets. Another problem is volatility. Due to the high volatility nature of cryptocurrencies, people are often scared and do not know the entry point to start investing. Security is also another concern. There are several cases where large centralized cryptocurrencies exchange are being hacked causing great loss of funds.
Coinbask’s mission is to address these issues by creating a decentralized, easy to use and secured crypto exchange to help the mass public get adopted to invest in cryptocurrencies. We want to make the whole crypto investing process as easy as possible, and at the same time diverse the risk of crypto investment. We provide our customers a selected set of cryptocurrencies portfolio to start trading so that they will not be exposed to unpromising tokens. The onboard process is easy. With a few clicks of buttons, customers would be able to create a crypto portfolio set to begin investing. It is a decentralized platform so we do not hold custody of funds. Customers could import or create a wallet directly and trade peer to peer without an interfere of a middleman in between. It is more secured than trading on a centralized exchange where the exchange holds the funds at all times, that are easily prone to hacks.
We are diligently working toward our v1 of the Coinbask platform. Our company has been incorporated since Jan 2019 and has gone through the world known cohort Founder Institute Toronto Fall 2018. We are very excited to start this journey to contribute to the blockchain ecosystem by building the future of decentralized finance.
Founder & CEO | Coinbask