COTI (COTI) is a token that powers COTI, a project that describes itself as a “DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks and stable coins.” Coti uses Trustchain, a decentralized ledger that can process over 100,000 transactions per second, to power online and offline payments, loyalty payments, stablecoins, and more. Note: Coinbase currently only supports COTI running on the Ethereum blockchain (ERC-20).
COTI is a fintech platform that uses blockchain to run a range of products, including payment processing, financing, white label payment systems, loyalty programmes and cross-border remittance technology. Organisations can build their own payment solutions and digitise any currency to create so-called “stablecoins”, which are pegged to physical currency.
The COTI network is based on seven key elements of operating an effective payment infrastructure:
COTI was co-founded by Samuel Falkon, vice president of business development at COTI Group and chief revenue officer at online payment service provider Paywize, a COTI subsidiary that offers merchant credit card processing. Falkon is also the founder of Israel-based management consulting firm Gil Scott. COTI co-founder David Assaraf also co-founded Israel-based fintech start-up Frequants.
Developers at COTI are working in partnership with their peers at the Cardano blockchain and ADA cryptocurrency. Over the past few weeks it has announced several new partnerships and new merchants for the ADA Pay digital payment platform.
In December 2021, it announced a partnership with ADA Handle, an NFT-powered naming solution for the Cardano wallet address, in which the pair will “explore the possibility of allowing support for Handle address resolution directly within their ADA Pay platform”.
Later in December 2021, it was partnering with AdaSwap, an ecosystem aiming to establish the first decentralised exchange on the Cardano network.
Which products support COTI?
| Send/Receive | Trading | |
|---|---|---|
| Coinbase | ✔ | ✔ |
| Pro | ✔ | ✔ |
| Wallet | ✖️ | ✖️ |
What regions support COTI?
| US | NY | CAN | EU | UK | IE | DE | SG | JP | |
|---|---|---|---|---|---|---|---|---|---|
| Coinbase | ✔ | ✖️ | ✔ | ✔ | ✔ | ✖️ | ✖️ | ✖️ | ✖️ |
| Pro | ✔ | ✖️ | ✔ | ✔ | ✔ | ✖️ | ✖️ | ✖️ | ✖️ |
| Wallet | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ |
Crypto to fiat trading pairs
| US | UK | EU | |
|---|---|---|---|
| USD | ✔ | ✖️ | ✖️ |
| GBP | ✖️ | ✖️ | ✖️ |
| EUR | ✖️ | ✖️ | ✖️ |
Crypto to crypto trading pairs
| USDC | BTC | ETH | USDT | |
|---|---|---|---|---|
| COTI | ✖️ | ✖️ | ✖️ | ✖️ |
See the full list of countries that Coinbase supports for crypto-to-crypto trading.
How many confirmations are needed for COTI?
COTI requires 35 network confirmation. Learn about transaction confirmations.
Which blockchain network hosts COTI?
COTI is hosted on COTI and Ethereum. Note: Coinbase currently only supports COTI running on the Ethereum blockchain (ERC-20).
What are the minimum and maximum withdrawal amounts?
Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.
These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.
Minimum: 0.000000000000000001 COTI
Maximum: 1,141,553 COTI
By Coinbase , Nicole Willing