CoinMetro Token Price (XCM)

The CoinMetro crypto exchange promises to provide its users not only with the lowest fees in the industry but also with dynamic liquidity. In addition, professional traders who prefer higher risk and higher profits can make use of the Margin Trading feature. The platform offers 5x leverage and multiple collateral options including fiat and crypto for this purpose. The exchange fee for margin trading equals 0.1% with up to 20% paid back in rebates.

Finally, there is a Copy Trading option that enables traders to copy orders of seasoned professionals. In addition to providing real-time monitoring of mirrored portfolios, the platform incentivizes traders with extra rewards when their strategies bring profits to those who follow them. The exchange fee also equals 0.1% with a possibility to return up to 20% in rebates. Also, there is a Manager Performance fee which is defined by the TraM manager and can be anywhere between 5 and 25%. Finally, the platform charges its own Performace fee which equals 1-5%.

Exchanging assets on CoinMetro

To exchange assets, users can rely on any of the two options provided by CoinMetro. First, it is possible to make a quick exchange via the CoinMetro Dashboard Swap Widget. With the service offering a fixed rate for 30 seconds, its swap markup makes up 1.25%. There is a limit, though, as one may switch up to €500 or its equivalent in a single transaction. Also, not all assets available on the platform can be traded through the Swap tool. CoinMetro disables some of them due to liquidity issues so as to protect its customers from any slippage.

For more experienced traders who want to have more control over their orders, CoinMetro offers a fully functional exchange platform. It comes with a traditional set of features such as limit orders, order books, candlestick graphs, and much more. The trades are much cheaper here as the maker fee equals 0 while taker fees make up 0.1% with a chance to return up to 20% in rebates.

Regardless of the trading method, users have to pay both deposit and withdrawal fees which differ for various types of assets and withdrawal/deposit methods. Thus, to deposit EUR via SEPA Bank Transfer one will have to pay only 1 EUR while the fee is equal to 50 EUR with SWIFT. Cryptocurrency deposits are free while withdrawals are charged 0.15%.

Investing on CoinMetro

In addition to trading digital assets, it is also possible to invest in digital bonds or blockchain-based security tokens at CoinMetro. At the time of writing, the platform features a number of such projects helping them raise funds for their projects. The list includes MD Agency, Ignium Share, Backigy OU, Encrypgen, and Tangible’s Basecamp.

It’s also worth mentioning separately the Coinmetro Bond which pays a fixed interest of 8-12% per year. With the rewards being distributed two times a day, the earnings can be higher in case investors also hold XCM tokens. Those who stake at least 10,000 XCM can earn 9%, while the second and the third tiers (25,000 XCM and 50,000 XCM correspondingly) imply the rewards of 10% and 11%. To be eligible for the highest reward of 12% one must be the CoinMetro ICO contributor. While the CoinMetro bond is offered for a term of two years, it is still very easy to exit on the secondary market.

CoinMetro ICO

The CoinMetro pre-sale took place from December 13th, 2017, to January 11th, 2018. The public token sale started on February 22nd and finished on April 23rd, 2018. All-in-all, the project has managed to raise around $14 million USD by distributing its tokens at a price of 0.12 EUR per coin. At the same time, the pre-sale price was lower as XCM was sold for only 0.03 EUR then. 250 million coins were sold at that time making up 60% of the maximum supply. The project managed to raise over $4 million USD in only 12 hours after the public sale began.

Since the token runs on the Ethereum blockchain, it can be stored on any ERC20-compatible wallet. Exodus, Trust Wallet, Metamask, or hardware wallets such as Trezor or Ledger Nano S fit the task just fine. The coin is available for purchase only on CoinMetro itself.

CoinMetro licenses

The company itself resides in Estonia as it has obtained a license from the Estonian Financial Intelligence Unit to be able to provide digital currency services. Also, there was a highly-discussed post on Reddit in 2021 about CoinMetro aiming to acquire a Multilateral Trading Facility (MTF) license, but there is no public information on whether the purchase was successful or not.

CoinMetro team

Kevin Murcko is the CEO of CoinMetro with past experience as the CEO and co-founder in many other IT startups such as the European Crypto Association, FXPIG, Ignium, and more. Other key participants include Salvatore Cunsolo, the CTO, Oliver Goble, Head of Product, and Kristiina Rebane, Chief Compliance Officer.