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    CoinField

    From Wikitia - Reading time: 4 min
    CoinField
    IndustryCryptocurrency
    FounderBob Ras, Raza Bashash
    HeadquartersTallinn, Estonia
    Number of employees
    		29 (2021)
    ParentGlobal Fintech Trading Limited
    Websitewww.coinfield.com

    CoinField is a cryptocurrency exchange based out of Europe. The exchange was launched in 2018 and has expanded its reach to 186 countries worldwide..[1][2] It allows trade in more than 6 fiat and over 20 cryptocurrencies.[3][4]

    History[edit]

    CoinField started operations in April 2018 from Vancouver, Canada[5][6] and eventually moved its headquarters to Tallinn, Estonia.

    The company’s initial founding team consisted of Bob Ras[7] and Raza Bashash. Before CoinField, Bob had several successful ventures in manufacturing, marketing, and technology industries while Reza, an engineer and founder of several tech companies, has experience working in Artificial Intelligence and FinTech industries for more than ten years.

    During the past few years the number of users grew rapidly.[8][9] CoinField offers around 20 cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (payment protocol), Stellar (payment network), Litecoin (LITC), Bitcoin Cash (BCH), DigiByte (DGB), Bitcoin Gold (BTG), 0x (decentralized exchange infrastructure), Golem (GNT), OmiseGO (OMG), Augur (software), Zilliqa (ZIL), Basic Attention Token (BAT), Salt (SALT), Tron (cryptocurrency), Civic (CVC), Loom Network (LOOM) and stablecoin USD Coin (USD Coin) & ZIL. Currently there are currently six fiat currency deposit and withdrawal options for CoinField customers. These are USD, EUR, CAD, GBP, AED and JPY.[10]

    In February 2020, CoinField partnered with blockchain analysis company Chainalysis[11]. The partnership allowed CoinField to access the company’s Know-Your-Transaction (KYT) software[12], to prevent money laundering and to identify high-risk cryptocurrency transactions in real-time.[13][14] CoinField also backed Sologenic[15], a new crypto project [16]based on the Ripple (payment protocol).[17] The Sologenic project [18] featured its Sologenic DEX[19], Sologenic platform[20] and, the SOLO token[21]

    Acquisitions[edit]

    In September 2021, CoinField was acquired by Global Fintech Trading Limited (GFT), a private company engaged in arranging and financing Fintech related acquisitions and investments on a global basis.[22] This marked a period of evolution for CoinField along with changes in the management. CoinField’s acquisition also marked the separation of Sologenic as an individual entity.[23]

    CoinField’s tech team saw a change in the management with newly appointed CTO, Surya Chowdhury replacing Reza Bashash on the 12th October, 2021.[24] Prior to CoinField, Mr. Chowdhury has overseen developments of fintech products and blockchain-related projects. He has been involved in several tech startups and served as a CEO at Autonomy International OU, an Estonia-based Fintech company. He has also held leadership roles at Shine Academy Solutions, and Goa Webdev Solutions, both of which are also IT startups based out of the United Kingdom.[25]

    References[edit]

    1. ↑ "Canadian Platform to Become the Major Global Crypto Exchange by Expanding to 100 Countries". CoinTelegraph.{{cite web}}: CS1 maint: url-status (link)
    2. ↑ "XRP CHOSEN AS BASE PAIR FOR 130+ COINS BY CANADIAN EXCHANGE COINFIELD". Ethereum World News.{{cite web}}: CS1 maint: url-status (link)
    3. ↑ "Finance Magnates".
    4. ↑ "CoinField Ready To Launch XLM/XRP Trading Pair". Bitcoin Exchange.{{cite web}}: CS1 maint: url-status (link)
    5. ↑ "Canada's CoinField Exchange Set To Launch Ripple And Stellar Trading Pair (XLM/XRP)". BitcoinExchangeGuide. Retrieved 2021-11-11.
    6. ↑ "Ripple's XRP shines with 22 trading pairs support on Canada's CoinField Exchange". FX Street.
    7. ↑ TechBullion, Angela Scott-Briggs (2019-11-01). "CoinField's Project Sologenic to Allow Stock Trading on Ripple's XRP Ledger: An exclusive interview with Bob Ras – the founder of Sologenic". TechBullion. Retrieved 2021-11-11.
    8. ↑ "Coinfield to open up 30,000 stocks for crypto trading on Ripple's XRPL". Yahoo Finance.
    9. ↑ "130+ XRP Pairs Being Added to Canada's Coinfield Exchange". U Today.
    10. ↑ "CoinField Review 2021". CryptoNewsZ.
    11. ↑ "CoinField Integrates Chainalysis KYT Surveillance Tool to Fight Money Laundering". BTC Manager.
    12. ↑ "Chainalysis Teams Up With Coinfield to Provide Crypto Compliance Solution". CoinNewsSpan.
    13. ↑ Janus, Emilio. "Chainalysis Enables Coinfield Exchange To 'Know Your Transaction'". Bitcoinist.{{cite web}}: CS1 maint: url-status (link)
    14. ↑ "Chainalysis to Monitor AML Compliance for Crypto Exchange CoinField". Cointelegraph.{{cite web}}: CS1 maint: url-status (link)
    15. ↑ "What's CoinField XRP Project All About?". Use The Bitcoin.
    16. ↑ "Sologenic IEO Will Be Launched on CoinField Exchange on February 18th". Yahoo Finance.
    17. ↑ "Coinfield to initiate new stocks on the popular XRP ledger (XRPL)". FX Street.{{cite web}}: CS1 maint: url-status (link)
    18. ↑ "CoinField unveils 'secret' XRP Ledger project, Sologenic". Retrieved 2021-11-11.
    19. ↑ DEX, Sologenic (2021-03-31). "Sologenic Launches DEX: One Step Closer to Allow Users to Trade Tokenized Stocks 24/7". GlobeNewswire News Room. Retrieved 2021-11-11.
    20. ↑ Sologenic (2021-05-19). "Sologenic: The Leading DeFi Ecosystem Revolutionizing Financial Markets". GlobeNewswire News Room. Retrieved 2021-11-11.
    21. ↑ OU, CoinField Ventures (2020-03-26). "9 New Global Crypto Exchanges to List Sologenic (SOLO)". GlobeNewswire News Room (in français). Retrieved 2021-11-11.
    22. ↑ "IWEB, Inc., OTC Markets QB, IWBB, announced it has entered into a letter of intent to acquire "Coinfield", a Global Crypto Exchange". PR News Wire.{{cite web}}: CS1 maint: url-status (link)
    23. ↑ "CoinField Acquired by Global Fintech Trading Limited (GFT) — TINGO Mobile PLC (Stock Symbol – IWBB)". EIN NEWS.{{cite web}}: CS1 maint: url-status (link)
    24. ↑ "CoinField Appoints New CTO to Accelerate Technological Innovation in the Next Stage of Growth". EIN News.{{cite web}}: CS1 maint: url-status (link)
    25. ↑ "CoinField Appoints New CTO to Accelerate Technological Innovation in the Next Stage of Growth". EIN News.{{cite web}}: CS1 maint: url-status (link)

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