The next step for the cryptocurrency industry is to get the crypto market mainstream.
That’s why Cointech, a new company which has partnered with Bitcoin and Litecoin exchanges to enable instant cryptocurrency trading, launched a cryptocurrency exchange service on Wednesday.
“We believe that this platform will provide a unique way to quickly and easily trade crypto assets and make trading accessible to people across the globe,” Cointeche CEO Daniel Grosvenor told CoinDesk in an email.
Cointehive will make its initial launch available for people in the U.S., but Grosvets company said he hopes to expand it globally.
“There are more than 100 crypto exchanges and exchanges in more than 130 countries,” he said.
“The opportunity for Cointheys crypto exchange service is to provide a secure and frictionless way to buy and sell crypto assets.”
The company will allow users to easily create accounts, and it will allow them to trade Bitcoin and Ether (ETH) using either the Bittrex or Poloniex exchange platforms.
Users will be able to also buy and store Crypto Assets using their Coinbase account.
“Cointech will provide instant and secure access to the crypto markets, including crypto currencies like Bitcoin, Ethereum, and Litecoins,” the company said.
Caught in the middle of the crypto world “Crypto markets have been in the midst of a lot of upheaval and disruption,” Grosves said, explaining that the current ecosystem of crypto markets “has been created on the back of the internet bubble.
In order to get a grip on crypto, the market must be more stable and have an orderly structure in place.”
Grosvents vision for the crypto industry has been to bring crypto trading to the mainstream.
In October, the company partnered with Coinbase, a popular cryptocurrency exchange, to allow users in the United States to buy cryptocurrency for pennies on the dollar.
On Wednesday, Cointebay will offer a similar service.
It said the new service will allow anyone in the world to buy, sell, and trade crypto in the same way as they do Bitcoin and Ethereum.
Grosverts company has been involved in cryptocurrency development for over five years.
He previously founded a company called CoinPayment, which was bought out by Ripple in 2013.
The two companies were co-founded in 2014, and CoinPayments was later acquired by Coinbase.
CoinPay has since gone through a number of pivots, including a move to become a payments company called RipplePay, but the Cointevue project marks a new era for the company.
Coinpayment is now a payments firm that is focused on creating and maintaining a decentralized infrastructure for cryptocurrency transactions.
“This new platform will be the first to fully offer an API for crypto trading, with an API that will allow cryptocurrency exchanges to easily and securely access the crypto assets they trade and hold,” Grazer said.
Users in the Cinance service will also be able purchase crypto assets using Litecoin, Bitcoin, and Ethereum using their own bank accounts.
“Our goal is to create a platform that will make cryptocurrency trading easier for everyone,” Grits said.