Learn From The CoinMetro Failure

[Legitimate9322]

CoinMetro was supposed to be this huge exchange that would revolutionize crypto. They wanted to fix the problems other exchanges like Binance and Coinbase Pro were having. Unfortunately, it doesn't look like this project will ever come to fruition. Right now they appear to be stuck in deep water without a paddle! However, competing exchange Nauticus launched and has so far been successful in doing what they set out to do. It's unfortunate that the great "crypto drought" destroyed a lot of these projects that could have been worth something.

Nauticus - https://nauticus.exchange/exchange/NTSBTC

CoinMetro - https://coinmetro.com/

[AnimeKingman]

CoinMetro was supposed to be this huge exchange that would revolutionize crypto. They wanted to fix the problems other exchanges like Binance and Coinbase Pro were having. Unfortunately, it doesn't look like this project will ever come to fruition. Right now they appear to be stuck in deep water without a paddle! However, competing exchange Nauticus launched and has so far been successful in doing what they set out to do. It's unfortunate that the great "crypto drought" destroyed a lot of these projects that could have been worth something.

Nauticus - https://nauticus.exchange/exchange/NTSBTC

CoinMetro - https://coinmetro.com/

Coinmetro had good intentions but just failed to keep sentiment up or deliver what they promised. Sad but it happens. Nauticus is still kicking and I hope they continue to do so. I will support them until they make unforgivable mistakes; but so far so good.

[ereborltc]

I think that trading in cryptocurrencies is best done on large and top-ranking exchanges. Now the market is not doing well and many small exchanges have closed down.

[IlVeroNico]

There's a lot of competition in exchanges right now, every day a new one seems to come out.

I don't know if the new ones can gain a decent % of the market right now, I remember a lot of buzz around Beaxy on twitter because everyone wanted those sweet referrals, but haven't heard of it in a while

[Bharathi13]

I think that trading in cryptocurrencies is best done on large and top-ranking exchanges. Now the market is not doing well and many small exchanges have closed down.

Exactly as the lower volume exchanges have higher fees & very less or no liquidity on the exchange which make difficult condition for traders & when they withdraw their funds form the exchange because of liquidity issues they have to pay unnecessary. Large & Top ranked exchange offers great liquidity & have lot of events too earn extra money.

[bitvalak]

Trading platforms usually already know each other with big people in the world of cryptocurrency, this is what causes the platform you mentioned is difficult to develop because of the limitations of business networks.

[Legitimate9322]

CoinMetro was supposed to be this huge exchange that would revolutionize crypto. They wanted to fix the problems other exchanges like Binance and Coinbase Pro were having. Unfortunately, it doesn't look like this project will ever come to fruition. Right now they appear to be stuck in deep water without a paddle! However, competing exchange Nauticus launched and has so far been successful in doing what they set out to do. It's unfortunate that the great "crypto drought" destroyed a lot of these projects that could have been worth something.

Nauticus - https://nauticus.exchange/exchange/NTSBTC

CoinMetro - https://coinmetro.com/

Coinmetro had good intentions but just failed to keep sentiment up or deliver what they promised. Sad but it happens. Nauticus is still kicking and I hope they continue to do so. I will support them until they make unforgivable mistakes; but so far so good.

I'm glad I avoided the whole CoinMetro project. They seemed like they were on track for success, but you know how that goes with ICO's that never launch.

[cryptogeek101]

CoinMetro was supposed to be this huge exchange that would revolutionize crypto. They wanted to fix the problems other exchanges like Binance and Coinbase Pro were having. Unfortunately, it doesn't look like this project will ever come to fruition. Right now they appear to be stuck in deep water without a paddle! However, competing exchange Nauticus launched and has so far been successful in doing what they set out to do. It's unfortunate that the great "crypto drought" destroyed a lot of these projects that could have been worth something.

Nauticus - https://nauticus.exchange/exchange/NTSBTC

CoinMetro - https://coinmetro.com/

I don't think CoinMetro have failed totally in their exchange business,maybe they are waiting for the general crypto market improvement to mint their XCM tokens to be added to the exchange for trading.

[thefoex]

CoinMetro was supposed to be this huge exchange that would revolutionize crypto. They wanted to fix the problems other exchanges like Binance and Coinbase Pro were having. Unfortunately, it doesn't look like this project will ever come to fruition. Right now they appear to be stuck in deep water without a paddle! However, competing exchange Nauticus launched and has so far been successful in doing what they set out to do. It's unfortunate that the great "crypto drought" destroyed a lot of these projects that could have been worth something.

Nauticus - https://nauticus.exchange/exchange/NTSBTC

CoinMetro - https://coinmetro.com/

I don't think CoinMetro have failed totally in their exchange business,maybe they are waiting for the general crypto market improvement to mint their XCM tokens to be added to the exchange for trading.

it's been almost a year since the project was released, and I see no very significant increase in their projects. maybe a lot of investors when ico has gone and sold now

[Legitimate9322]

CoinMetro was supposed to be this huge exchange that would revolutionize crypto. They wanted to fix the problems other exchanges like Binance and Coinbase Pro were having. Unfortunately, it doesn't look like this project will ever come to fruition. Right now they appear to be stuck in deep water without a paddle! However, competing exchange Nauticus launched and has so far been successful in doing what they set out to do. It's unfortunate that the great "crypto drought" destroyed a lot of these projects that could have been worth something.

Nauticus - https://nauticus.exchange/exchange/NTSBTC

CoinMetro - https://coinmetro.com/

I don't think CoinMetro have failed totally in their exchange business,maybe they are waiting for the general crypto market improvement to mint their XCM tokens to be added to the exchange for trading.

it's been almost a year since the project was released, and I see no very significant increase in their projects. maybe a lot of investors when ico has gone and sold now

I agree, it's been too long for them not to release the full product. Also, they are fighting against the overall market trend...which is not looking good atm lol

[okuj]

I agree, it's been too long for them not to release the full product. Also, they are fighting against the overall market trend...which is not looking good atm lol

Ok, this is a very old post, but I think it is fine to update this topic with some recent news, because everyone can read this last post, which is pretty much outdated now. For starters, the Coinmetro exchange is live and active. Most recent updates can be found here: https://coinmetro.com/blog/

And here are some updates and development news just from tomorrow, copied from their telegram channel:

Updates:

1.) Mid July for IEO news. Multiple companies are lined up
 
2.) TAM - priority as we have multiple algo trading companies waiting for launch. 2 groups from FXpig clients + many others who will use Coinmetro.
 
3.) Login-less version of GO! Platform is LIVE NOW! (http://go.coinmetro.com/#/dashboard) This will help up really showcase our amazing platform.
 
4.) the Trade platform (http://go.coinmetro.com/#/trade) was just given a fresh update. Full rework of the intermediate exchange is now in progress!
 
5.) Kevin is extremely confident that we’ll shortly secure a big ticket so we can ramp up operations. - We have many talks at different stages. Some very close
 
Plus much more! It’s an incredible time to be aboard the Coinmetro train.

[Cammo01]

Hahahaha, this is a classic SCAM...  Not sure if anyone actually looked for Nauticus, but they are completely out of business... UNLIKE Coinmetro which is firing on all cylinders!!!

Nautilus:
"The exchange claims to be operating as a top crypto currency exchange in Australia. A country with strong laws on fraud. last two month, the exchange claims they were hacked through a third party vendor. There is No confirmation on how much assets/tokens were stolen but customers data/kyc are save according to the report. . The message can be seen below

*We investigated the recent suspicious activity on the platform and we now confirm there was a compromise from the third-party vendor's technology. They are cooperating with us and are providing the currency necessary to return all affected users to their pre-incident balances.
No customer data or personal information have been compromised in the incident.*

the attack resulted to the entire shutting down of business. trading, deposit and withdrawal on the EXCHANGE till date"

In the meantime, Coinmetro is smashing it, with token price up from 3c to 37c in the last 3 months. Just secured another 5m in funding to massively upscale, obtaining a MTF licence which will increase revenue 5x overnight. Valuation has gone from 50m to 100m, plus on track to reach a valuation of EUR500m by end of 2022.

Check your facts team! Go the train!
 

[35mm4K]

CoinMetro was supposed to be this huge exchange that would revolutionize crypto. They wanted to fix the problems other exchanges like Binance and Coinbase Pro were having. Unfortunately, it doesn't look like this project will ever come to fruition. Right now they appear to be stuck in deep water without a paddle! However, competing exchange Nauticus launched and has so far been successful in doing what they set out to do. It's unfortunate that the great "crypto drought" destroyed a lot of these projects that could have been worth something.

Nauticus - https://nauticus.exchange/exchange/NTSBTC

CoinMetro - https://coinmetro.com/

Coinmetro had good intentions but just failed to keep sentiment up or deliver what they promised. Sad but it happens. Nauticus is still kicking and I hope they continue to do so. I will support them until they make unforgivable mistakes; but so far so good.

I'm glad I avoided the whole CoinMetro project. They seemed like they were on track for success, but you know how that goes with ICO's that never launch.

I'm glad I gave them a fair chance and the time to develop their business. Now, the business is growing every day and I'm already rewarded with a 10x price increase on XCM.

That Nauticus scam exchange you shilled is now out of business. lol

[illnino]

Unfortunately, there are many such examples. Any market requires its participants to be active and able to adapt to any circumstances. Moreover, with such a percentage of competition as on crypto platforms. But in any case, some are replaced by others, better ones, this is called development.