Coinmetro is a centralized cryptocurrency exchange launched in 2017. The company is headquartered in Tallinn, Estonia. It supports crypto trading for various digital assets. Its services include instant buying and selling of cryptocurrencies and a crypto exchange.
Coinmetro is a secure and regulated cryptocurrency exchange. Therefore, it requires its users to perform identity verification in compliance with KYC and AML requirements. Verified users are protected from legal risks, and can enjoy a stable level of service. Coinmetro is registered with various regulators including the Republic of Estonia, the United States, Australia, and Canada. However, the Coinmetro crypto exchange may restrict access to its services from certain jurisdictions in compliance with the existing legislation.
The exchange is available in Android and iOS mobile apps. Users can also access the platform through the web.
Markets
Coinmetro cryptocurrency exchange supports spot trading and margin trading. Coinmetro spot allows users to trade crypto with their available balance. Margin trading, on the other hand, enables traders to trade with borrowed funds. The platform offers up to 5X leverage. The service supports multiple collaterals including fiat and cryptocurrency assets. Coinmetro cryptocurrency exchange also supports copy trading. This service allows traders to copy the trades of seasoned traders. Copy traders can follow professional traders with a proven record of accomplishment to increase their chances of making profits.
Coinmetro supports over 50 cryptocurrencies across over 100 trading pairs. Coinmetro trading pairs include crypto-to-crypto and crypto-to-fiat markets.
The exchange has a native token XCM, which fuels the fully rounded Coinmetro FinTech ecosystem. XCM is a deflationary token since it employs the buyback and burns system. The token has various functions on the platform including staking. The up-to-date Coinmetro crypto price can be checked here.
Coinmetro offers three trading services that suit users of varying experiences. SIMPLEX is a simple buy-and-sell interface that allows users to swap crypto and fiat in a few clicks. It supports fiat deposits and withdrawals in AUD, EUR, GBP, and USD. The services also support Instant ACH, Instant SEPA, Faster Payments, and SWIFT.
Intermediate traders can use EXpress, a more detailed trading platform with more informative features. This interface includes the necessary features to enable fast and efficient trading. The pro trader dashboard is suited for more experienced traders. Such traders can take advantage of more detailed charts and analytic tools that are only available on this dashboard.
The Crypto Exchange service presents a feature-rich trading platform, where users can perform spot and margin trading. The platform has dynamic liquidity that grows with Coinmetro volume. Users can trade with the market or limit orders.
Coinmetro exchange fees vary with the type of trade platform used. The exchange charges zero Makers fee, and 0.1% Taker fee with up to 20% paid back in rebates. The margin platform attracts a 0.1% fee with up to 20% paid back. Margin trade accrues 0.08222% daily interest, calculated every four hours on borrowed margin. The swap Dashboard attracts a 2.00% swap markup. The exchange fee for Copy Trading is 0.1% with up to 20% paid back in Rebates. Manager performance fee ranges between 5% and 25%. Copy Trading may also attract a Coinmetro trading fee that varies from 1% to 5%.
Deposit and withdrawal fees depend on the payment method used. Cryptocurrency deposits do not attract any fee. However, the platform charges a 0.15% fee on crypto withdrawals. Ethereum and ERC-20 tokens charge network fees in addition to Coinmetro crypto fees of 0.15% on withdrawals.
Other Services
Coinmetro cryptocurrency exchange allows XCM holders to boost their passive income by staking their assets for up to 12 months to receive a monthly bonus paid in XCM and other supported assets. XCM attracts up to 4.0% APR. Stakers also enjoy payback rebates on their network fees. The amount of benefits depends on the tier, which is defined by the total XCM staked. There are three tiers with varying rewards and benefits.
The exchange also has an affiliate program that rewards users for referring their friends to the platform. Benefits include a $10 bonus when the users they refer deposit $50 in any fiat currency. Users can also earn a 40% reward from all the fees that their referrals pay on the platform. Additionally, they can get a 10% commission from their referral's referrals.
Lastly, Coinmetro also offers API services that allow users to integrate the platform's services into their applications.
About the Company
Kevin Murcko founded the Coinmetro cryptocurrency exchange on August 2017. The current company’s headquarters is in Tallinn, Estonia. The company was developed with the mission to connect existing institutions and digital asset ecosystems, creating a bridge between them.
Coinmetro conducted a presale for its native token XCM on December 21, 2017.
The total Coinmetro trade volume crossed the $591 million mark in Q4 2022. If you want to check the current Conmetro volume, take a look above.
In November 2022, Coinmetro raised $7 million in a funding round, valuing the business at $180 million at that time. The company said it plans to use the funds to expand its operation in Europe, the United States, and the United Kingdom.
Kevin Murcko, the founder and CEO of Coinmetro, has had an ever-growing presence in the financial and crypto space. He contributed much to the development of FXPIG, a Forex broker. He is also a co-founder of Ignium, a crypto solution that enables micro and small businesses to raise funds from their community.
