Malta-based global cryptocurrency exchange CoinDeal has allowed trading in its native CoinDeal token (CDL) from November 12, 2019. The CDL token is available in several trading pairs such as CDL/BTC, CDL/USDT, etc.
Users who hold CDL token have to pay lesser transaction fees; the more tokens a user has the lesser transaction fees he pays, users get a priority Fast Pass user support, can access advanced trading features and can vote on adding new coins to the exchange; users with 100 CDL tokens who cast their vote are awarded additional CDL tokens (For Asian and European markets).
Over 87,000 CoinDeal users have claimed the token for free since its launch in July this year.
The CDL token brings additional liquidity to the exchange. It is built on Ethereum’s Greedy Heaviest Observed Subtree (GHOST) protocol, which allows a faster speed of transactions.
CoinDeal has managed to expand its reach to 13 states in the US, including Idaho, Kansas, Montana, New Jersey, Texas, Virginia, and others.
CoinDeal recently started Over-The-Counter (OTC) services in the range 10 USD to 5 BTC, and 0% to 0.7% commission spread between the purchase and the sale price.
It even launched a mobile app for iOS and Android, which will allow customers to monitor cryptocurrencies 24×7, even while performing their daily duties.
CoinDeal’s Co-founder, Kajetan Mackowiak, said,
“We hope that the launch of the CDL token and expansion into the US will help continue the steady growth… The introduction of OTC trading, the new mobile app, and improvements to the PRO version of our exchange are part of our commitment to ensuring that our users will always receive a premium CoinDeal experience.”
CoinDeal has got a transactional license to operate in Malta, and procedures to obtain a fully valid license from the Malta Financial Services Authority (MFSA) are underway.