Croatia’s Electrocoin Launches New Cryptocurrency Exchange Platform, Electrocoin Trade
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Loading... - Marzell Keller
- 26 Jul 2024
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One of Croatia’s leading cryptocurrency exchange services, Electrocoin, has recently launched a new platform called Electrocoin Trade. This new service is designed to cater to both individual and corporate clients across the European Union, offering enhanced features and compliance with recent regulatory developments in the cryptocurrency sector.
Key Features of Electrocoin Trade
1. Dual Service Offering
Non-registered Users: The platform allows any adult EU citizen to buy, sell, or trade cryptocurrencies up to 1000 euros without prior registration or identity verification. This option ensures ease of access for users who prefer not to undergo the registration process while still remaining compliant under specific regulatory thresholds.
Registered Users: For those who opt to register, Electrocoin Trade offers a comprehensive trading experience with additional benefits such as lower trading fees, detailed cryptocurrency portfolio monitoring, and custodial services. Registered users can entrust their assets to Electrocoin Trade, leveraging a highly regulated custodial model for safekeeping and security.
2. Custodial Services
The new custodial model introduced by Electrocoin allows the platform to act as a custodian for clients' digital assets. This means registered users can store their cryptocurrencies on the platform securely, benefiting from regulatory protections and enhanced security measures.
3. Cross-Chain Transfers and Coin-to-Coin Swaps
Electrocoin Trade supports a variety of protocols for cross-chain transfers and coin-to-coin swaps, including ERC-20, Polygon, and BEP-20, among others. This feature enhances flexibility and ease of use for traders looking to diversify or consolidate their cryptocurrency holdings.
4. Bill Payment with Cryptocurrencies
One of the most innovative features of the new platform is the ability to pay bills using cryptocurrencies. Users can settle any invoice that can be paid via bank transfer within the EU/SEPA zone. This includes utility bills (such as electricity, water, and internet), as well as personal expenses (like vehicle purchases or real estate transactions), provided the payment recipient has a bank account number.
Despite the launch of Electrocoin Trade, the company has decided to retain its original service, allowing non-registered users to continue accessing cryptocurrency transactions up to 1000 euros. This dual approach ensures that both existing and new users have flexible options for engaging with the platform based on their preferences and regulatory compliance needs.
Electrocoin’s new platform aligns with recent regulatory developments in the cryptocurrency space, emphasizing security, compliance, and user trust. By offering a regulated custodial service, the platform aims to provide a secure environment for users to store and trade their digital assets. The introduction of KYC-less transactions for smaller amounts further demonstrates Electrocoin’s commitment to accessibility while adhering to regulatory standards.
The launch of Electrocoin Trade marks a significant milestone for Electrocoin, positioning the company as a key player in the European cryptocurrency market. With its robust features, regulatory compliance, and innovative services like bill payment with cryptocurrencies, Electrocoin Trade is set to enhance the user experience and broaden the accessibility of cryptocurrency trading and management in the EU.
