/biz/ - Business & Finance

Why don't more people use this exchange?

>Lowest fees (0.1%)
>EUR pairings and withdrawal, USD coming soon
>Regulatory compliant
>Has an exchange coin like binance's BNB, but you don't have to buy it if you don't want to
>KYC fast and easy
>CEO does a weekly AMA and is on Telegram daily

As far as I can tell the only reasons /biz/ doesn't like CoinMetro are because:

>CM is centralized
Yet people complain about the shadiness and fees of decentralized exchanges. Also, things like buying tokenized assets and bonds and being regulatory compliant like CM are not possible on decentralized exchanges

>Can't buy my shitcoin there
Coins have to be vetted before they are offered. There is talk of having users vote for coins to be on the exchange but there will still be some vetting to make sure scam coins are not being offered for trade.

>XCM has been around for a few years and hasn't mooned
You don't even have to buy XCM to use the exchange. Anyway, why would XCM moon if more people aren't using the exchange? Welcome to the real world where the price of assets are tied to their value (i.e. the service provided by the CoinMetro exchange) and not rumor-fueled FOMO.

Alright I need the honest scoop on this exchange and their exchange coin, XCM. "$10 EOY" shills and the "count on 4 hands hurrdurr" autist (bot?) will be ignored. Please use some resemblance of facts/logic to back your opinion. Here's my analysis:

>been around for a long while but has a pitiful number of users/total exchange volume. Volume has really only gone up recently due to the success of PRQ and who knows how long that will last
>good UX on desktop, but mobile app is complete dog turd
>can cash out in EUR, USD "coming soon" supposedly
>decent number of pairings available
>KYC took like 5 minutes
>offers margin trading, can also invest in some sort of real estate bonds or some shit I don't really understand or care about
>CEO (Kevin) seems pretty knowledgeable and in touch with the user base. does a weekly AMA on youtube, replies directly to people in the Telegram, etc.
>Pitiful number of Youtube views/subscribers, same with their Twitter. Plebbit is completely dead
>Pretty much no reason to use this exchange at the moment unless you feel an undying need to buy a stake in some shitty condos near a ski resort in Japan.

Overall analysis: probably 95% chance forever a shitcoin, 2.5% chance Kevin and the rest of the Estonian PRQ/XCM team are running a high-level scam on everyone, 2.5% chance of becoming the next binance/BNB if the devs somehow get their heads out of their asses and work about 5x faster than they currently are.

It's dumping, finally. Because let me tell you, this wasn't sustainable to begin with. I can count the entire user base of coinmetro with 4 hands worth of fingers. Daily volume is astonishingly low, and the tokenomics are flawed : it's just a smokescreen to hide that it's actually a ponzi/money laundering scheme. XCM cannot be valued above 10 cents. XCM holders are now tasked to try their best to recruit as many people as possible into the exchange to keep the money and the rewards flowing in, otherwise the house of cards inevitably falls upon itself without warning as soon as the tokens bought by Kevin Murcko/the exchange ALL GET SOLD AT ONCE to break even. Let me repeat myself here : the XCM token CANNOT be valued more than 10 cents per token, if not less.

XCM is a worthless token who pumped due to unreasonably high hype levels, manufactured by the PRQ arbitrage possibilities. Don't buy this, or you'll end up in a worse state than the ICO buyers.
I repeat. XCM is worthless. The funds that were promised to be flowing in thanks to institutional investors WILL NOT be delivered, because a financial report found proofs of money laundering within the exchange. Owners are aware, and are trying to use these dirty funds in order to buy the XCM tokens and making holders believe it's the platform buying it, so that the original source of the money gets lost in the process. Then they will proceed to sell at a much higher price and dump on holders due to the heavily manipulated volume, in doing so they'll be able to claim the money they laundered + the funds they stole from YOU by selling as legit. It's a very elaborate laundering method. DON'T BUY THIS