CoinDeal Exchange Set to Enter the U.S. Market, Gives Away Exchange Token to Customers

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After only two years in operation, the CoinDeal cryptocurrency exchange has already managed to attract a loyal base of close to 100,000 customers, achieving an average trading volume of over $11 million in trades each day. Now things are set to seriously ramp up for the young exchange as CoinDeal recently unveiled plans to support customers in the U.S.; 13 states to begin with. The move comes at a time when it is becoming increasingly difficult for crypto exchanges to overcome regulatory hurdles, which means that CoinDeal will likely be in the position to pick up America-based customers recently shunned by other exchanges.

The first states to receive support from Coinsbit include Idaho, Illinois, Indiana, Kansas, Montana, New Hampshire, New Jersey, Pennsylvania, Tennessee, Texas, Virginia, Wisconsin, and Wyoming. Users in these states will initially have access to the following coin pairings, with many more to follow: ETH/BTC, LTC/BTC, XRP/BTC, EOS/BTC, BCH/BTC, DOGE/XRP, BCHSV/BTC, XMR/BTC, USDT/BTC*, TUSD/BTC*, ZEC/BTC. The exchange has plans to soon add CDL/BTC, CDL/EUR and CDL/USDT* for American customers as well.

CoinDeal Token Trading Launch a Smashing Success

In something of a departure from the traditional model of exchange-based token releases, 90% of all CoinDeal Token (CDL) was given away for free to users of its exchange. Some 86,000 users in all received allotments of 514 tokens, which proved to be exceedingly popular upon launch of its associated trading pairs, capturing over $100,000 in volume in its first three days on the exchange.

“The CDL Token outperformed our wildest expectations,” said Alex Strześniewski, COO of CoinDeal. “We knew that this new form of token distribution was unprecedented and the fact that 90% of tokens were given away for free to users meant that the entire value was left in their hands. I think that the $3,000,000 USD market cap is just the beginning and that the CDL will be able to follow in the footsteps of the most prominent tokens available.”

CDL is an Ethereum-based token which means it can be transacted from wallet-to-wallet with Ethereum’s lightning fast transaction times and using low transaction fees. As a utility token, it provides numerous advantages for those keeping it on the CoinDeal exchange, including a reduction in trading fees (down to 0%), being allowed to vote for future coin additions to the exchange, participation in a social trading platform, and receiving priority customer service, among others.

Chart showing the breakdown of tokens distributed by country of exchange users on the opening date of CDL trading.

New Phone App for Traders on the Go

The mobile app connecting users to the CoinDeal exchange is now available for download on bothiOS and Android devices. A few of its benefits include being able to conduct trades, viewing 24-hour changes through easy-to-read charts, and previewing transactions before executing them.

In addition, users who sign up for the PRO version the CoinDeal exchange now have access to an abundance of advanced trading features, such as the Galaxy Score tool, which was developed to perform a full evaluation of market conditions relevant to a trade. It does this by gathering real-time market data, history, and social media sentiment in a single presentation that informs a trader of the latest about a coin before they make a trade.

Business Information

CoinDeal is a Malta-based company, registered with FINCEN in the United States under the Money Services Business Registration Number of 31000146609933.

Additional information about CoinDeal can be found through their social media profiles on the following platforms:

  • Twitter
  • LinkedIn
  • Telegram
  • Medium
  • Reddit
  • Instagram
  • YouTube
  • Bitcointalk

*these coin pairings are not available to residents of the state of Texas


Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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