CoinField

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CoinField
Type Private
Industry Bitcoin & Cryptocurrency Exchange
Founded 2019
Key people
  • Alex Lightman (CEO)
  • Paul Cook (Board)
Website coinfield.com

CoinField is a fully-regulated European-based Cryptocurrency exchange serving 193 countries worldwide.[1] The exchange offers the trade of 21 cryptocurrencies.[2] It currently has more than 200,000 users and a daily trading volume of $30m USD.[3]

Acquisition by Global Fintech Trading Limited

In a pivotal development on September 24, 2021, CoinField, the European cryptocurrency exchange, was acquired by Global Fintech Trading Limited (GFT), a strategic move intended to enhance its global expansion and operational capabilities. This significant acquisition heralded a new chapter, as Paul Cook and Alex Lightman, notable shareholders of GFT, assumed leadership roles at CoinField, promising to steer the platform towards new horizons of innovation and market penetration. Subsequently, GFT orchestrated an onward sale of CoinField into TINGO Mobile PLC, a US public company, signaling a potent alliance and creating synergistic opportunities to explore growth in international markets. This acquisition and strategic leadership change highlight CoinField's unwavering commitment to providing secure, reliable, and innovative trading solutions to its global clientele.[4]

The CoinField Head Office is currently located in Tallinn, Estonia. The company employs 35+ people with a variety of skill sets.

Regulations

In February 2020, CoinField partnered with blockchain analysis company Chainalysis.[5][6][7] The partnership allows CoinField to access the company’s Know-Your-Transaction (KYT) software, to prevent money laundering and to identify high-risk cryptocurrency transactions in real-time.[8][9][10][11]

Fiats

There are currently six fiat currency deposit and withdrawal options for CoinField customers. These are USD, EUR, CAD, GBP, AED and JPY.[12]

Cryptocurrencies

FIAT currencies can be traded on CoinField’s platform for 21 cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH) Bitcoin Gold (BTG) Ethereum (ETH), Litecoin (LTC), XRP, USDT, USD Coin (USDC), ZEC (Zcash), Digibyte (DGB) Ox (ZRX) XLM, Golem (GNT), Auger (REP), OmiseGo (OMG), TRX, SALT, Zilliqa (ZIL), Civic (CVC), LOOM, BAT, DASH and SOLO.[13][14]

Products

Centralized Exchange

The CoinField centralized exchange platform is hosted by CoinField's isolated servers and utilizes multi-signature cold storage wallets.[15]The exchange infrastructure is consistently audited by third parties to ensure compliance with the cybersecurity standards.[16]

OTC Trading Desk

CoinField’s Institutional Account & Over the Counter (OTC) Trading Desk enhances the execution of larger trades for corporate and high-net-worth individuals by offering more substantial liquidity, fast settlements, and privacy for each trade.[17] There are no trading fees, and clients get a dedicated account manager.[18] CoinField is in the process of extending its OTC services to 24 hours a day.[19]

White Label

CoinField offers a white label package for customers looking to start their exchange using CoinField’s software. CoinField’s centralized exchange has a team of 35+ experts with extensive experience ranging from blockchain to high-frequency trading software implementation.[20]

The white-label exchange package includes access to CoinField’s deep liquidity pool to satisfy demand during the high peaks of trading activity, as well as 200+ digital assets, military-grade security systems, market pairing against fiat currencies, and more.[20]


Franchising

CoinField offers entrepreneurs the opportunity to franchise CoinField’s brand. Franchise customers can start a CoinField franchise in their own country and have access to CoinField’s services, portfolio of coins, and profit-sharing.[21]

Currently, franchise opportunities are available in Argentina, Australia, Bahrain, Brazil, France, Japan, Malaysia, Mexico, New Zealand, Qatar, Russia, Saudi Arabia, Singapore, South Korea, UAE, United Kingdom, and the USA.[22]


References

  1. ↑ Jose Antonio Lanz,"XRP Chosen As Base Pair For 130+ Coins By Canadian Exchange Coinfield". ethereumworldnews.com. 23 March 2019. https://ethereumworldnews.com/xrp-chosen-as-base-pair-for-130-coins-by-canadian-exchange-coinfield/. Retrieved 25 February 2020. 
  2. ↑ "Canada's CoinField Exchange Set To Launch Ripple And Stellar Trading Pair (XLM/XRP)". bitcoinexchangeguide.com. 14 December 2018. https://bitcoinexchangeguide.com/canadas-coinfield-exchange-set-to-launch-ripple-and-stellar-trading-pair-xlm-xrp/. Retrieved 25 February 2020. 
  3. ↑ "Crypto Exchange CoinField Unveils Secret XRP Project, Plans to Tokenize Stocks and ETFs". dailyhodl.com. 15 October 2019. https://dailyhodl.com/2019/10/15/crypto-exchange-coinfield-unveils-secret-xrp-project-plans-to-tokenize-stocks-and-etfs/. Retrieved 25 February 2020. 
  4. ↑ einnews.com,"CoinField Acquired by Global Fintech Trading Limited (GFT) — TINGO Mobile PLC (Stock Symbol – IWBB)". einnews.com. 24 September 2021. https://www.einnews.com/pr_news/552228957/coinfield-acquired-by-global-fintech-trading-limited-gft-tingo-mobile-plc-stock-symbol-iwbb. Retrieved 21 September 2021. 
  5. ↑ Ali Raza,"CoinField Partners With Chainalysis To Leverage KYT and AML Features". insidebitcoins.com. 21 February 2020. https://insidebitcoins.com/news/coinfield-partners-with-chainalysis-to-leverage-kyt-and-aml-features/251561. Retrieved 25 February 2020. 
  6. ↑ Lili Chuang,"Chainalysis Teams Up With Coinfield to Provide Crypto Compliance Solution". coinnewsspan.com. https://www.coinnewsspan.com/chainalysis-teams-up-with-coinfield-to-provide-crypto-compliance-solution/. Retrieved 25 February 2020. 
  7. ↑ "Chainalysis to Monitor AML Compliance for Crypto Exchange CoinField". thebulletintime.com. 23 February 2020. https://www.thebulletintime.com/news/chainalysis-to-monitor-aml-compliance-for-crypto-exchange-coinfield/. Retrieved 25 February 2020. 
  8. ↑ Emilio, Janus (21 February 2020). "Chainalysis Enables Coinfield Exchange To ‘Know Your Transaction’". bitcoinist.com. https://bitcoinist.com/chainalysis-enables-coinfield-exchange-to-know-your-transaction/. Retrieved 25 February 2020. 
  9. ↑ "CoinField Partners With Chainalysis To Leverage KYT and AML Features". elevenews.com. https://elevenews.com/2020/02/21/coinfield-partners-with-chainalysis-to-leverage-kyt-and-aml-features/. Retrieved 25 February 2020. 
  10. ↑ Arnab Shome,"CoinField Taps Chainalysis’ KYT for Real-Time Crypto Monitoring". financemagnates.com. 21 February 2020. https://www.financemagnates.com/cryptocurrency/news/coinfield-taps-chainalysis-kyt-for-real-time-crypto-monitoring/. Retrieved 25 February 2020. 
  11. ↑ Johnson Go,"Coinfield and Chainalysis for crypto monitoring". cryptopolitan.com. 22 February 2020. https://www.cryptopolitan.com/coinfield-and-chainalysis-crypto-monitoring/. Retrieved 25 February 2020. 
  12. ↑ Chayanika Deka,Emilio, Janus (11 October 2019). "CoinField becomes Ripple’s verified validator; hints at upcoming XRPL project". eng.ambcrypto.com. https://eng.ambcrypto.com/coinfield-becomes-ripples-verified-validator-hints-at-upcoming-xrpl-project/. Retrieved 25 February 2020. 
  13. ↑ Adriana Hamacher,"Coinfield to open up 30,000 stocks for crypto trading on Ripple's XRPL". finance.yahoo.com. 15 October 2020. https://finance.yahoo.com/news/coinfield-open-30-000-stocks-124720163.html?.tsrc=rss. Retrieved 25 February 2020. 
  14. ↑ Alex Dovbnya,"130+ XRP Pairs Being Added to Canada’s Coinfield Exchange". u.today. 11 October 2019. https://u.today/130-xrp-pairs-being-added-to-canadas-coinfield-exchange. Retrieved 25 February 2020. 
  15. ↑ Biraajmaan Tamuly,"XRPTipBot links up with Canada’s CoinField to bolster XRP token adoption". eng.ambcrypto.com. 25 July 2019. https://eng.ambcrypto.com/xrptipbot-links-up-with-canadas-coinfield-to-bolster-xrp-token-adoption/. Retrieved 25 February 2020. 
  16. ↑ "XRP is on Fire as CoinField Mulls the Possibility of Using it as a Base Currency". cryptovest.com. 26 September 2018. https://cryptovest.com/news/xrp-is-on-fire-as-coinfield-mulls-the-possibility-of-using-it-as-a-base-currency/. Retrieved 25 February 2020. 
  17. ↑ Adrian Zmudzinski,"Crypto Exchange CoinField Launches XRP Validator, Teases New Ecosystem". cointelegraph.com. 7 October 2019. https://cointelegraph.com/news/crypto-exchange-coinfield-launches-xrp-validator-teases-new-ecosystem. Retrieved 25 February 2020. 
  18. ↑ Carlos Terenzi,"What’s CoinField XRP Project All About?". usethebitcoin.com. https://usethebitcoin.com/whats-coinfield-xrp-project-all-about/. Retrieved 25 February 2020. 
  19. ↑ Jimmy Aki,"Canadian Platform to Become the Major Global Crypto Exchange by Expanding to 100 Countries". cointelegraph.com. 15 January 2019. https://cointelegraph.com/news/canadian-platform-to-become-the-major-global-crypto-exchange-by-expanding-to-100-countries. Retrieved 25 February 2020. 
  20. ↑ 20.0 20.1 Samantha Hurst,"Canada’s CoinField Debuts White Label Crypto Exchange Software Licensing Program". crowdfundinsider.com. 20 February 2019. https://www.crowdfundinsider.com/2019/02/144717-canadas-coinfield-debuts-white-label-crypto-exchange-software-licensing-program/. Retrieved 25 February 2020. 
  21. ↑ "CoinField Introduces Crypto Exchange Franchises in 15 Markets". globalfintechseries.com. 23 January 2020. https://globalfintechseries.com/coinfield-introduces-crypto-exchange-franchises-in-15-markets/. Retrieved 25 February 2020. 
  22. ↑ "CoinField Introduces Crypto Exchange Franchises in 15 Markets". globalfintechseries.com. 23 January 2020. https://globalfintechseries.com/coinfield-introduces-crypto-exchange-franchises-in-15-markets/. Retrieved 25 February 2020. 
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