According to the latest report, a Singapore based block-chain startup, Arax has merged with COSS, Singapore’s crypto exchange, and collectively this company will be known as “COSS-One Stop Solution”. The merger of these companies will subsequently result in merging of the tokens of both the platforms into a new token called ‘COS’, which will possess all the prominent features of its predecessors.
Arax Crypto Wallet is a multi-currency digital wallet that provides crypto-based financial services enabling users to send, store, receive and exchange crypto with users in close proximity over GPS. The wallet gives the users absolute control over all their digital assets along with providing utility to crypto.
COSS is a crypto trading platform that offers its users secure and safe digital currency trading with various fiat currency. The new utility token COS will have all the features of its parent platforms, along with additional benefits such as Fee Split Allocation (FSA), Trading Fee Discount, COSS Wallet features.
Sankalp Shangari Group CEO of COSS and Founder of Arax stated that this development would likely revolutionize the digital asset ecosystem. Both the crypto platforms share the same vision of crypto adaptability in the mainstream.
There is no denying the fact that crypto assets have enormous potential value in the future. Although, as for now their utility in a person day to day life may seem a bit challenging to understand, evidence suggests that the networking platforms are right on track. The newly created platform ought to provide users with an outstanding experience of storing, sending and receiving the crypto assets like never before.