Why do you allow the possibility to withdraw to external wallets only ETH-based tokens and not other coins as well? At least, Bitcoin would be nice to withdraw to our own wallets...
I would think that the transfer fees for ether are far cheaper than that of bitcoin. You can take the ether that is already converted and sell it for bitcoin on the exchange. You could also transfer the ether to another exchange and transfer it to bitcoin.
That and it also keeps the exchange funded so they have plenty of liquidity in different coins if needed imo. It would be nice to just have an option in general for other coins as well as ETH but who knows it may already in the works.
Good News for COSS - Central Bank of Singapore Sees No Reason to Regulate Cryptocurrencies
https://news.bitcoin.com/central-bank-of-singapore-no-reason-regulate-cryptocurrencies/
https://news.bitcoin.com/central-bank-of-singapore-no-reason-regulate-cryptocurrencies/
That actually is good news to hear and does easy some of my concerns about the legality of the shares dividends somewhat. Now my next problem is are they going to ban US citizens from participating in the program so they don't have to abide by the strict regulations the federal government has in place?
What's the current volume on COSS exchange? I am hodling COSS and will buy a few more thousands. Price now seems a very good buy.
What is their plan to increase volume?
Honestly if I was the exchange of would look into margin trading and lending integration into the platform. People love margin trading and lending especially the lending part that is easy passive income atm. From there I would work on improving the API and incentive users to use the exchange maybe a rewards program or something to that degree. The option to hold onto the currencies you collect would be nice instead of just having to convert them into ETH.
Definitely second this. Poloniex got very popular because of Lending & Margin Trading, however the overwhelming traffic got to them & and they were unable to scale quickly enough.
I definitely believe this is true to some degree and that maybe the case here if it was implemented but my opinion on a couple of things I don't believe Poloniex had some many issue with the implantation of those feature on the platform so much as it was the popularity boost of BTC in general 2017 has been a year of growth that cant be denied. The second thing Poloniex just got lazy and cheap and didnt prepare for growth the way they should have imo. You may be right it may be too much too fast but I would make it a priority if I was in their shoes. I'll eventually throw it in the slack channel when I'm not feeling so lazy. A final side note, as a shareholder, I think we have a responsibility to work towards seeing this exchange succeed and could contribute to liquidity by freezing dividend payments to allow capital for the exchange to adjust to growth if the situation arises that the exchange needs to expand.