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Finance

CoinList Launches 'Pro' Exchange for Token Sale Buyers

The new CoinList Pro exchange aims to help institutional traders participate in the platform's dozen or so token sales in 2020.

By Leigh Cuen
AccessTimeIconJul 30, 2020 at 4:00 p.m. UTC
Updated May 9, 2023 at 3:10 a.m. UTC
CoinList co-founder Andy Bromberg (CoinList)
CoinList co-founder Andy Bromberg (CoinList)

The Jack Dorsey-backed token platform CoinList launched an exchange Thursday aimed at institutional traders. 

CoinList Pro, modeled after incumbent rival Coinbase Pro, is an exchange tailored to trading and buying the new tokens listed by CoinList clients.

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    • CoinList launched some of the trendiest cryptocurrency sales to date for non-U.S. and accredited investors, including offerings from Celo, Solana and Filecoin. CoinList President Andy Bromberg said the token-issuing platform has facilitated nearly $1 billion worth of transactions from “hundreds of thousands” of users since 2017. 

    Read more: Investors on CoinList Pour $10M Into Celo Token Sale in Roughly 12 Hours

    The new service will rely on partnerships with startups such as BitGo, Bison Trails and Anchorage for staking and custody options, including nearly a dozen assets by 2021. 

    CoinList Pro lists bitcoin (BTC), ether (ETH), celo (CELO), orchid (OXT) and algorand (ALGO) tokens for now. It will be the first exchange to support filecoin trading when the token launches in September, Bromberg said. 

    Bromberg said CoinList will facilitate roughly a dozen token sales in 2020, so this complementary exchange is meant to reduce friction. Users won’t even need to own separate cryptocurrency wallets, they can wire money from their bank accounts.  

    “Our dream sequence is users buying from a token sale and eventually selling that asset on CoinList Pro for a seamless flow,” Bromberg said in an interview.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.