Crypto coins are making waves as a new cryptocurrency and trading platform launches this week.
The new exchange Cryptocoin, founded by two friends, aims to make trading a much simpler experience.
The Crypto coin team recently released a teaser video to show off the platform’s first beta.
The company’s first coin, called “XPRT,” will be available on Dec. 12.
Cryptocoin’s founders, Michael Kors, and Matt Taylor, also believe the cryptocurrency will soon be a major force in the financial services industry.”XPRTF is an experiment in making crypto a universal currency that will be able to compete with fiat currencies, even when the two are on the same platform,” the team said in a statement.
“Our vision is to build a decentralized crypto-currency that will compete with the dollar, Euro, Pound, Yen, and many other major fiat currencies and tokens.”
Kors and Taylor were both former finance executives at major financial institutions and had previously been involved in a company called VISA.
Their first crypto coin, XPRT, is set to be the first crypto-token to reach $1,000.