Token sales platform CoinList has just announced the launch of CoinList Pro, a crypto exchange for institutions. The project partners are BitGo, Bison Trails and Anchorage, who support the platform's storage and staking systems.
CoinList Pro is an extension of the existing platform and supports features such as "a real-time order book and multiple order types," according to the company. The company explained the platform will help solve a lot of the problems investors have had to deal with so far. CoinList president Andy Bromberg said:
"Previously, the token sale would happen and then we would give users instructions to generate a wallet, then they would wait for an exchange to support the token on the trading side and then they would have to send the tokens from their wallet to the exchange."
CoinList Pro will initially only support Bitcoin, Ethereum, Celo, Orchid and Algorand. The company plans to hold a dozen token sales by the end of the year, whose assets will also be available on the new platform.
In 2019, CoinList raised about $10M during another fundraising in which Polychain Capital and Twitter CEO Jack Dorsey took part. The attracted funds have been used to launch the crypto platform CoinList Trade.
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