Regulation
Electrocoin launches new cryptocurrency trading platform, Electrocoin Trade
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Croatia’s leading cryptocurrency exchange, Electrocoin, launches Electrocoin Trade, a cryptocurrency trading platform for EU customers.
One of the largest cryptocurrency exchange services in Croatia, Electrocoin, recently launched its new cryptocurrency exchange platform called Electronic currency tradingproviding services to natural and legal clients in the EU.
The platform includes two main services: cryptocurrency exchange and trading service without prior registration to the platform and cryptocurrency exchange and trading service for registered users. In this way, and following the recent regulatory development in the area of cryptocurrency regulation, Electrocoin has introduced the new custody model into their service, allowing them to act as custodian of the assets that customers have chosen to hold on their Electrocoin accounts Trade. By registering on Electrocoin Trade, users can entrust their cryptocurrencies for safekeeping to a highly regulated platform, as they also have access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.
Regardless of the new service, Electrocoin has decided to also maintain the old service: any adult citizen in the EU can buy, sell or exchange cryptocurrencies up to 1000 euros without verification or prior registration on the platform. In this way, Electrocoin wanted to ensure that its existing and future users had an option with which they could still access cryptocurrencies even if they preferred not to register on the new platform. This service is possible thanks to regulatory approval for exchanging money without KYC under certain thresholds.
The platform supports cross-chain transfers and coin-to-coin exchanges across a variety of protocols, including ERC-20, Polygon, BEP-20, and many others. Furthermore, with the release of the new platform, Electrocoin also introduced a new service: pay bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any invoice that can be paid via bank transfer within the EU/SEPA zone. That said, bills such as electricity, water or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies, as long as the recipient of the payment has a bank account number.
Electrocoin was founded in 2014 and has since become an industry leader, introducing PayCek, a crypto payments processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communicating with the regulator and today has over 250,000 successful transactions, along with 24/7 customer support with an average chat response time of one minute. Electrocoin Trade positions itself as a competitor to other top-tier European cryptocurrency exchanges, with the functionality allowing cryptocurrency exchange without prior identification in particular.
To get started, visit the Electrocoin trading website.
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