CoinCorner, an exchange based in the Isle of Man that launched in the middle of 2014, announced the launch of their European service yesterday.
“We receive a lot of interest from European countries, but have historically held off launching our Euro platform as we were concentrating on growing our UK focused business. There are a number of exchanges and platforms to buy Bitcoin on across Europe, but we feel our on boarding process is by far one of the quickest and easiest.” – Danny Scott, Chief Technical Officer
The exchange wasn’t limited to just British customers before the official launch of European support though. International users were simply subject to longer transfer times (anywhere from two to five days), whereas now the exchange has enabled SEPA payment support, making deposits much faster. Other supported payment methods include credit and debit cards.
The company also plans to move forward with multiple localizations of its website in order to attract more international customers, according to their Marketing Manager, Molly Spiers:
“Analysis has shown that a significant number of visitors to our site do not speak English as their first language. Our aim is to make Bitcoin as easy as possible for everyone and in order to do this, we have decided to offer our services in a variety of languages, starting with German. We’re always looking for ways to improve the user experience.”
The exchange cites part of their success over the past year to the Isle of Man’s receptive position towards companies working with crypto currencies, in addition to their low taxes. They were the first exchange to be properly registered with the Isle’s Financial Supervision Commission after they announced they were studying introducing digital currency controls in order to protect customers and businesses.
“We liked the Isle of Man’s forward thinking approach to cryptocurrency. Knowing that the Isle of Man government and the local business community support our business gives us added stability.” – CoinCorner CEO, Charlie Woolnough
Since it’s launch CoinCorner has attracted approximately 20,000 registered users, 500 registered merchants, became the first UK exchange to accept credit and debit card deposits, launched a mobile wallet, a Point of Sale service and has processed over 1 million GBP in sales.