Singapore, June 12, 2023 – Cobo, a global leader in digital asset custody solutions, has announced a strategic partnership with Legend Trading, a U.S.-based compliant cryptocurrency trading firm. This collaboration integrates Legend Trading’s over-the-counter (OTC) services into the Cobo platform, enabling Cobo users to access competitive pricing and deep liquidity for fiat-to-crypto transactions within a compliant framework.
Key Benefits of the Partnership
- Streamlined Onboarding: Cobo clients can complete account setup, KYC verification, and trading execution seamlessly within the Cobo platform.
- Competitive Rates: Exclusive discounted trading fees for Cobo users.
- Global Liquidity: Access to Legend Trading’s liquidity pools supporting 40+ fiat currencies (USD, GBP, EUR, JPY, etc.) and major payment methods (SWIFT, SEPA, Faster Payments).
- Simplified KYC: Leveraging Legend Trading’s "KYC Connect" feature for faster account approvals.
"This partnership marks a significant milestone in providing secure and seamless digital asset management," said Hao Chen, CEO of Legend Trading.
Institutional-Grade Solutions
Dr. Changhao Jiang, Cobo’s Co-Founder and CTO, emphasized: "Our collaboration with Legend Trading extends Cobo’s value proposition, offering institutional clients a one-stop solution for secure asset management and frictionless trading."
FAQs
1. What cryptocurrencies are supported in this OTC service?
The service covers major cryptocurrencies supported by Legend Trading, including Bitcoin, Ethereum, and stablecoins.
2. How does the KYC process work?
Users complete KYC via Cobo’s platform, with data shared securely to Legend Trading using "KYC Connect" for efficiency.
3. Are there minimum transaction limits?
Yes, limits apply based on account tier and currency. Contact Legend Trading for specifics.
4. What makes this partnership unique?
👉 Discover how Cobo and Legend Trading redefine OTC efficiency.
About Cobo
Cobo is a SOC 2-certified digital asset custodian trusted by 500+ institutions, offering:
- HSM-based Custody
- MPC Co-Management
- DeFi Smart Contract Solutions
About Legend Trading
A U.S.-regulated firm serving 800+ institutions, Legend Trading specializes in:
- Compliant Crypto Transactions
- Legend Pay Gateway Services
- High-Security Infrastructure