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Cofinex

India, West Bengal
Market: Blockchain
Stage of the project: Operating business

Date of last change: 27.08.2022
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Idea

Cofinex is a blockchain ecosystem comprised of Exchange, Forex, Copay Card, Gold Vending Machine, and Lend. Cofinex Exchange is one of the Growing cryptocurrency exchange platforms in the world,

Current Status

BETA stage

Problem or Opportunity

We are try to provide a one platform all cryptos products and Fiat Currency gateway worldwide with low charges, in this industry maker taker fees is high, and fiat payment problem are there specially in India so we try to solve this problem and give other crypto products.

Solution (product or service)

For maker taker fees we already charge low then the market and if we have enough liquidity so we can fix the charges in fix lot like a 1$ or 0.50$ per transaction.

Business model

Our revenue generate when trader are using our platform so we get fees, and for debit card we sell the debit card so user can use there crypto and convert on fiat, for gift card we get some % commission from 3rd party. IPFS system we are going to tie-up with goverment to convert there documents in digital format using blockchain.
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