COBINHOOD – Cryptocurrency Exchange without trading fees | Hacker News Reader

COBINHOOD – Cryptocurrency Exchange without trading fees

cobinhood.com

13 pointssuperchink11 comments

"By teaming up with COBINHOOD, together, we will launch your project to the skies and beyond." Doesn't really give the warm and fuzzies. Also why not have clickable links on your "media" icons if you were really featured on Bloomberg?

Because they were not featured on Bloomberg.

https://www.google.com/search?q=cobinhood.com+site:bloomberg...

Not a feature, but a mention - https://www.bloomberg.com/view/articles/2017-09-19/memory-mo...

Although you can easily pay someone to drop a mention in an opinion piece.

Same for CNBC, Coindesk, and Coinspeaker. Just mentioned once in the context of Jamie Foxx's tweet about Cobinhood. He is the headline in all the articles:

https://www.cnbc.com/2017/12/20/celebrities-who-have-endorse...

https://www.coindesk.com/actor-jamie-foxx-promotes-cryptocur...

https://www.coinspeaker.com/2017/09/19/jamie-foxx-promotes-i...

Reuters was just a paid, 3-bullet brief: https://www.reuters.com/article/brief-cobinhood-launches-ann...

This looks very suspicious to me:

  - Online coins “will” be insured: Who by? And when?

  - “margin trading up to 10x leverage”: Seems like a lot for a legitimate exchange

  - Seemingly fake references to media attention

It's extremely suspicious. Their exchange rate for BTC-USD is $6200 USD[1][2]? Yeah, I'll pass.

Well hey, on a side note, at least they have an, albeit likely fake, web trading platform that's publicly accessible before Robinhood. Lol.

[1] https://imgur.com/a/OQJDi [2] https://cobinhood.com/trade/BTC-USD

I was curious about who this advisor listed on the about page is:

https://www.businesswire.com/news/home/20170928005475/en/Whi...

Seems also a bit odd that BTC last traded at $6,200; that's off by several thousand.

If it is indeed legit, then the price would rise to roughly the same as on other sites. Since this hasn't happened yet, I think there might be some issues with payout.

Is this some sort of a parody for Robinhood ?

Garbage. This should be flagged.

Reply on news.ycombinator.com