The first listed Blockchain asset exchange platform Allcoin.com has officially started its operation, after a takeover at the begin of the year. Allcoin drew the world attention by way of establishing the first publicly traded exchange platform in the blockchain asset exchange industry.
Allcoin Technology Ltd. is a wholly owned subsidiary of Cascadia Consumer Electronics Corp., a technology company listed on the Canadian Securities Exchange (CSE) with the stock code CK and headquartered in Vancouver, Canada.
Allcoin.com has been providing BTC exchange service for 4 months since February 2016, and started to accept both Bitcoin and US dollar as trading currencies last month.
It’s no doubt that Canada has well-supervised and strict financial regulation, especially for publicly traded companies. Allcoin is registered as the Money Services Business at the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and supervised by FINTRAC in terms of legal and formal business operation. By doing this, Allcoin satisfies all the criteria for operating a Blockchain asset exchange platform in Canada’s market.
As the Blockchain experts say, Allcoin is building a new service providing standard as the first listed company in this industry. People are reasonably cautious about trading their digital assets because of the lack of transparency and past incidents of bankruptcy or misappropriation of the funds. Therefore, capital security is the prior concern when market participants choose an exchange platform. As the first listed Blockchain asset exchange platform in the world, Allcoin should be entitled as the most reliable and trustworthy company in the industry that complies with all the auditing and financial regulations.