It’s time to celebrate – CoinMetro turns 2 today! It has been an amazing ride and we are thankful to everyone who has been with us since the start. CoinMetro has gone through an incredible evolution within these two years. What better way to celebrate our birthday than to look back at some of our greatest achievements?
CoinMetro is Founded
CoinMetro’s story officially started on February 19, 2018. The headquarters were established in Tallinn, Estonia and the CoinMetro’s CEO, Kevin Murcko, got right to work. Kevin is the driving force behind CoinMetro and well experienced in revolutionizing finance. Before pivoting to crypto, Kevin worked on making Forex trading more transparent.
Three Platforms Go Live
CoinMetro started rapidly gaining more traction after the launch of our platforms in December 2018. We launched three cryptocurrency trading platforms to suit the needs of our users. The platforms have different interfaces and are designed for users with all levels of experience. You can use SimplEX if you are a beginner and want to easily buy or sell digital assets, EXpress if you need more than just the basic features and PRO if you are a well seasoned trader who wants to have all the bells and whistles.
Launch of XCM
The next big milestone for CoinMetro was the launch of our native token – XCM. It is an ERC-20 utility token and it went live on February 8, 2019 on our crypto exchange platform. XCM allowed users to trade on the CoinMetro platforms and enabled many additional benefits, such as low transaction fees and early access to new products and services. This was only the beginning of XCM, there was plenty more in store for the token!
Development on CSD Begins
CoinMetro CEO Kevin Murcko kicked off the discussions for another game-changing project in July 2019. Yes, we are talking about the CSD – Central Securities Depository. Kevin met with the board of Montenegro’s CMA and a regulatory sandbox was set up. This enables CoinMetro to operate as a Multilateral Trading Facility (MTF) and connect to the CSD. This is a huge step forward, since it allows CoinMetro to test the entire tokenized security infrastructure and to fill a noticeable gap in the market.
CoinMetro’s CSD team has been working hard on this and we are expecting the launch inside the sandbox by the end of March 2020.
First Primary Issuance
September 2019 brought more good news – CoinMetro launched its very first Primary Issuance! This means listing an asset publicly for the first time and doing so exclusively on the CoinMetro platform. The first lucky asset to be listed was PARSIQ – an analytics and monitoring platform created to prevent fraud and illegitimate activities on the blockchain.
TraM Becomes Available
Christmas 2019 rolled around with an amazing present for our community – TraM went live! TraM stands for Trade Mirror. It is a platform that enables ordinary traders to partner up with professional traders (also known as asset managers), thereby benefiting from those traders’ profiles. TraM diversified CoinMetro’s service offering even more and was one of the most requested new products by our community.
XCM Full Ecosystem
Last but not least, we published an important announcement about the XCM ecosystem in February 2020. The XCM Ecosystem is now complete, meaning that XCM is tied to all orders that occur on the exchange. This brings along many benefits for XCM – ranging from demand and vaulting all the way up to having no fees when buying XCM.