The exchange has its own trading terminal and mobile apps for iOS and Android. In addition to margin trading, there is also OTC trading for large-volume trades. As for passive income, there is staking and freezing of cryptocurrencies in the account, as well as a standard referral program that allows you to invite partners and earn profits. The funds in the traders’ accounts are stored using the cold method. Advanced data verification and cryptographic protection protocols are used.
The exchange issued its own CoinDeal token (CDL) on the Ethereum platform that allows users to access additional functionalities within the trading ecosystem and gives them access to lower fees. CDL will also allow for higher liquidity within CoinDeal and for far more pairings with cryptocurrencies and Fiat currencies.
CoinDeal users can generate a passive income of up to 8% by staking the CDL, i.e. locking tokens in the wallet to earn interest.
The exchange gained a substantial amount of media attention after teaming up with Wolverhampton Wanderers.
CoinDeal applied for a license in Malte. In February 2021, however, the company announced that it moves its registration offshore to St. Vincent and the Grenadines. Thus, they withdrew their application for a Malta license. The company has not yet given a specific reason for this decision, which could indicate possible irregularities.
CoinDeal is an offshore venture without any supervision or regulatory permission to offer its services. Hence, we included it in our “Orange Compliance” list.