CoinZoom, a Utah-headquartered crypto exchange has opened a new office in Dublin, Ireland. According to PR Web’s press release on January 02, CoinZoom’s first European office will provide support for cryptocurrency traders in Europe and the EMEA Region.
CoinZoom unveiled its global expansion plans by opening its first European office to support its European subsidiary CoinZoom Europe, Ltd. It can also be noted that last month (Dec’18), Australian regulators approved the firm’s other subsidiary, CoinZoom Australia as a Digital Currency Exchange. CoinZoom Australia serves both to the Australian and International clients.
Todd Crosland posted on Twitter –
— Todd Crosland (@ToddCrosland) January 2, 2019
CoinZoom, Inc. serves U.S. customers and is registered as a Money Services Business in all the 50 United States with Financial Crimes Enforcement Network (FinCEN). The crypto exchange firm is in the process of securing Money Transmitter Licenses in states where it is mandatory.
Recently, the crypto firm received Money Transmitter Licenses in Florida, Washington, Ohio, Arizona, Georgia, Kansas, Iowa, Maryland, and Oregon.
Todd Crosland, CEO of CoinZoom stated in the press release:
“Our expansion into Ireland and, more broadly, Europe and the EMEA region is a milestone for CoinZoom as we position our company to provide global customers with an innovative and differentiated trading experience for cryptocurrency traders.”
CoinZoom will provide a convenient one-stop user experience to traders, link their credit card, bank account, and cryptocurrency wallets. Traders will have intuitive Android, iOS and desktop trading options, that includes fully compliant Know Your Customer (KYC)/ Anti Money Laundering (AML) procedures that meet both U.S. and Australian regulatory requirements.
CoinZoom trading platform offers customers a pattern recognition system, social trading capabilities and CoinZoom rewards debit card.
CoinZoom is anticipating the launch of its platform during the first quarter of 2019 and will support major digital coins including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Bitcoin Gold, Ripple and more.
Todd Crosland, the founder of CoinZoom, also founded Interbank FX (IBFX), a leading global foreign exchange trading firm with its presence in more than 140 countries. The exchange claims that it is aiming to provide a seamless infrastructure that will allow investors to obtain cryptocurrencies across the spectrum of the asset class.
The Interbank FX core team comes with decades of regulatory compliance experience, also having vast expertise in providing brokerage services.
According to CoinZoom’s official website, the exchange is providing demo accounts to potential customers to give them a trading experience platform.
With the expansion of CoinZoom in Europe and more recently in Australia, we can surely predict that the crypto firm is looking to expand rigorously on a global platform.
Will CoinZoom expand to more regions later this year? Share your thoughts in the comments.