Currently, there are many cryptocurrency exchanges, but one thing ties the majority of these trading platforms together: They rely on linking value to Bitcoin. Coinage, however, sees decoupling from Bitcoin as a necessary step to move the crypto market beyond.
This what the company CEO, Chad Pankewitz said to venture beats,
“From a long-term perspective, we want to take a stand; and the first steps toward moving the market away from being tied to Bitcoin,” Pankewitz said. “There are thousands of projects in cryptocurrency, distributed apps, blockchain use cases, and smart contract platforms across every industry vertical. Each has their own project, company, team, utility, levels of funding, traction, community; and business model. We believe these companies valuations should not be tied to Bitcoin and should be valued on their individual merits much like a traditional stock market.”
Since the majority of the cryptocurrency market is depending on bitcoin price if bitcoin crash the entire market would crash also. According to the company CEO, Bitcoin pairing is not intuitive.
“When trading and investing, it is much easier to understand numbers in dollar terms versus Bitcoin terms. It is crazy that we are made to figure out these difficult decimal numbers, such as BTC 0.0014758, when trading. We want to bring simplicity back to trading crypto,” Pankewitz said.