SALT LAKE CITY, Dec. 3, 2018 /PRNewswire-PRWeb/ -- U.S.-based cryptocurrency exchange, CoinZoom, announced today that its wholly owned subsidiary, CoinZoom Australia, became officially registered as a Digital Currency Exchange with AUSTRAC. The Digital Currency Exchange registration allows the exchange to legally operate according to Australian law, and function as a cryptocurrency exchange that can accept and exchange fiat, digital assets, and any other cryptocurrency.
CoinZoom Australia serves both Australian and International customers. CoinZoom, Inc. is positioned to serve U.S. customers and has registered as a Money Services Business in all 50 states with FinCEN and is in the process of securing Money Transmitter Licenses in states where it's required. Recently, CoinZoom received Money Transmitter Licenses in Florida, Ohio, Washington, Arizona, Georgia, Iowa, Kansas, Maryland, and Oregon, and is now available for trading in over 35 states. Additional states are being added weekly.
"CoinZoom's vision is to provide global cryptocurrency traders with innovative trading technology, and world-class digital asset security, all while following the U.S. and global regulatory requirements," said CoinZoom CEO, Todd Crosland. "Being fully registered with Australia's regulatory financial oversight body AUSTRAC to operate as a Digital Currency Exchange, is an important step in our goal to provide globally compliant digital currency trading for both institutional and retail traders," he added.
CoinZoom will provide a simple and easy 'one-stop user experience to link their credit card, bank account, and cryptocurrency wallets. Traders will have intuitive IOS, Android, and desktop trading options, that include fully compliant KYC/AML procedures that meet both U.S. and Australian regulatory requirements. CoinZoom's trading platform also offers customers a pattern recognition system, CoinZoom Rewards debit card, and social trading capabilities.
CoinZoom anticipates the launch of its platform during the first quarter of 2019, and will support major digital coins including: Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin, Ripple, in addition to top traded altcoins.
CoinZoom is an institutional grade digital currency-trading platform that uses the team's vast experience in providing super trade quality and customer-focused tools and technology to help customers become successful digital currency traders. CoinZoom offers services in buying, selling, and trading Bitcoin, Ripple, Ethereum, and other top digital currency pairs. The team's decades of experience in financial technology security is equally important in safeguarding customer funds and customers digital currency positions.