Coinsetter CEO's Message to Banks: You Will Soon Love Bitcoin
Let's begin with a short thought experiment. Put yourself into a world in which banks charge $20 to $50 to manage an international wire transfer, but hardly make a profit on it. Conceptualize a world in which banks delay domestic ACH transfers up to three days, in a large part to reduce fraud risk. Imagine a world in which taking on just one new customer....
Related News
New York City-based bitcoin exchange Coinsetter today announced a new program that will allow its user base to fund their account via Coinbase. This rebate program is only being offered to customers in the Untied States, and allows these traders to purchase bitcoins on Coinbase via an ACH transfer to fund their Coinsetter account. Coinsetter will then reimburse the trader for fees incurred on Coinbase's service, which has traditionally been 1 percent. The company writes (via their blog): We're excited about this program because it allows users to completely bypass interacting with....
Today brings the start of the World Cup - and an interesting announcement from New York City-based Coinsetter, a new bitcoin exchange aiming to make a splash in individual and institutional digital currency trading. The company has announced a partnership with LaunchKey - a company that specializes in accounts security and authentication - to bring something they have creatively called LaunchKey for Coinsetter: With LaunchKey's enterprise multifactor authentication platform, Coinsetter users now have a comprehensive solution that improves privacy and security through decentralization of....
Coinstetter integrated with Bitstamp which means more liquidity for Coinsetter clients. Exciting news! We have launched our integration of Bitstamp's order book into our #bitcoin ECN platform. Read more: http://t.co/SvJiStyx72. - Coinsetter (@coinsetter) January 8, 2014. From the Coinsetter Blog: "Our team at Coinsetter has made substantial progress building our high performance ECN platform for bitcoin, which is a plug-and-play option for both active traders and Wall Street institutions. We are currently open to a small group of beta users who have been trading on our internal millisecond....
New York City-based bitcoin trading platform Coinsetter is bringing liquidity to bitcoin trading for investors by integrating with Bitstamp. Bitstamp, a Slovenia-based bitcoin exchange, is currently the number two globally for trading between the United States dollar and bitcoin by volume, according to Bitcoin Charts. Jaron Lukasiewicz, CEO of Coinsetter, told CoinDesk: "Coinsetter is a low-latency, high-uptime trading platform for bitcoin. Our trading engine is approximately 10 times faster than other exchanges on the market, and we are spending time optimizing it further. I view us as a....
New York City-based bitcoin exchange Coinsetter is still in a beta testing phase, but that's not stopping the platform's users from trading a significant amount of bitcoin. Marshall Swatt, CTO at Coinsetter, announced via Twitter on Tuesday "is starting to achieve some very large daily volume." According to Swatt, the exchange's daily volume has surpassed 1,000 BTC (or over $500k USD). Not bad for a system with a limited user base (for now). Coinsetter describes themselves as a platform designed for the serious trader, capable of handling high-frequency trading and actively sourcing....