If you run a zero trading fee cryptocurrency exchange how are you going to fund further development, security measures and generally operational costs?
1. ICO underwriting - Cobinhood takes 5% or some jive like that.
2. Margin loans - up to 10x margin loan accumulate interest.
2.5. Cob gets 50% of loaned token profit.
3. Listing fees (Albeit, this isn't a continuous stream)
However, the funding itself is allocated in the token distribution. Whatever it says in the WP as the % to fund the development etc. However, it was said that Cobinhood didn't necessarily need the cash to launch the project, but the ICO was necessary as part of Cobinhoods' implementation. I'm paraphrasing here, but I believe that is the gist.