On October 31, 2008, the infamous paper on Bitcoin was published online, leading some to hail the date as “Bitcoin’s Birthday.” And, exactly nine years later, Cobo was born.
During the past year, Cobo celebrated a number of key events accomplishments, including launching the first cryptocurrency wallet, Cobo Wallet, to provide proof-of-stake pooling services and releasing an advanced military-grade cryptocurrency hardware wallet, the Cobo Vault.
Cobo, headquartered in Beijing, also recently raised $13 million in Series A financing led by DHVC and Wu Capital. The company was founded by CEO Shixing Mao, known as Discus Fish in the crypto community, and CTO Changhao Jiang, a former platform engineer at Facebook and Google.
The company is also planning to launch a custodial service in early 2019, named Cobo Custody, in order to meet demand from institutional investors. Currently, there are very few such services on the market, which some industry watchers have described as a major roadblock to bringing institutional investors into the cryptocurrency space.
Cobo has experienced massive growth during the past year, going from a small team to over 60 full-time employees in the Beijing headquarters alone, and Cobo’s CEO is confident in their growth prospects. “We are always trying to hire world-class engineers to enhance the security and quality of our products,” said Discus Fish. “Our marketing team is focused on strong user growth in Southeast Asia, and we are seeing good results.”
While the overall cryptocurrency market has been in a slump since early in 2018, Cobo’s executives have chosen not to focus on cryptocurrency prices and instead on building up the company’s business lines.
“This has been an incredibly busy year and we have grown so quickly,” Changhao Jiang, CTO at Cobo and one of the company’s co-founders said. “The team has already done so much, but have more to do to help our users grow and protect their crypto.
Founded in November 2017 by former Facebook engineer, Changhao Jiang, and founder of F2Pool, Discus Fish, Cobo is a leading developer of consumer blockchain products that make it easy for anyone to own and use cryptocurrencies. Cobo’s flagship software wallet, Cobo Wallet, debuted in February 2018 and is the first Proof of Stake cryptocurrency wallet that passively earns cryptocurrency rewards for its users while supporting both a Cloud wallet and HD Wallet with an embedded DApp store.
To date, Cobo Wallet has 500,000 users globally and supports up to 30 cryptocurrencies and 500 tokens on main blockchains including ETH, EOS and Tron. Adding to its portfolio, Cobo Vault, is the world’s first all-around secure cryptocurrency hardware wallet, with military-grade security.
Cobo is headquartered in Beijing, with offices in Shanghai.
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