Coinsetter CEO and founder Jaron Lukasiewicz sells company

Coinsetter email announcement, works with Coinbase.com

In order to make funding your Coinsetter account even easier, we're excited to announce a new rebate program we're offering to Coinsetter's US customers. Here's the good news: you can now use Coinbase ACH transfers to buy bitcoins for free and fund your account on Coinsetter! More specifically, we'll refund your fees for bitcoins you buy through Coinbase. We're excited about this program because it allows users to completely bypass interacting with international banks on deposits and withdrawals. Best of all, the ACH-linked deposits you make on Coinsetter through Coinbase are now entirely free through this offer.
Here's how it works:
For users who fund their account by purchasing bitcoins on Coinbase and transferring them to Coinsetter, we will now fully refund your purchase fees for deposits of 1 to 100 BTC. Additional details on the program can be found at http://www.coinsetter.com/coinbase-rebate.
Best,
Jaron Lukasiewicz
Coinsetter CEO
submitted by mstevenson10009 to Bitcoin [link] [comments]

SOMN is severely undervalued and has potential for huge returns, here's why.

Hello all!
I'm really excited about this project and this coin. I believe there are some very important factors that make this coin stand out to me as an undervalued option with a lot of room to grow. Since Golem (GNT) is SOMN’s main competitor I am going to focus mainly on their growth and capital gains as a sort of benchmark for what SOMN can attain. SOMN is focused on making a product first and then marketing and they have a solid highly experienced team behind it. The time to look into the currency is now and not after it explodes, and here is why:

Link to their site: https://sonm.io/

1. Current Market Capital
As of writing (Dec, 11, 2017) this crypto has a market cap of 61 million. For comparison, Golem (GNT) their main competitor, has a market cap of 260 million. Why is this important? It shows there is a lot of potential interest (nearly 5x) in this space already.
2. Medium Supply Amount
The circulating supply of SOMN is currently 359.6 million, just under half of Golem’s circulating supply. The total supply for both coins mirror this as well, with SOMN at 444 million total, to Golem’s 1 billion. Why is this important? Less coins in circulation means higher value per coin. In the event that SOMN simply reaches Golem’s market cap of 260 million, the value per SOMN coin would equal 73 cents (17 (current value) x 4.3). If SOMN breaks 1 billion in market cap the coin would be valued at about $2.56 from the current 17c value. Now, with all the hype surrounding Bitcoin, you may think $2.62 isnt that much, but remember, in the event that SOMN breaks 1 billion, that would be a 1639% return. Furthermore, for Bitcoin to break that same amount of returns it would need be valued at $272,000 per coin (16,612 x 16.39) and have a market cap of 4.5 Trillion USD. Which is more likely? Bitcoin breaks $4.5 Trillion, or SOMN reaches $1 Billon?
Caveat: SOMN and BTC serve two different functions in the Cryptocurrency space. BTC is a store of value, SOMN is a decentralized super-computer network that harnesses user’s computer power. SOMN will never be valued in the trillions, but it doesn’t need to be, the whole point of this post is the massive current undervalue of this coin and room for profit. If you’re fine going long on a coin that isn’t really that useful and has its value derived solely by hype then by all means, go long on Bitcoin; just be aware of the tremendous risk you are putting yourself at and the fact that you’re already late to the party.
3. Sleek website
This one may seem minor, but at this time having a sleek and well-designed website is important. As they say, first impressions matter. In this case, it shows competency in a team and professionalism in a project. Like many of you here, I have visited a lot of crypto sites, and SOMN’s website is among my favorites. Sleek, clean, and professional, I like it.
4. Strong team
The team is experienced. One of my biggest fears when investing in a coin is that I am throwing money into a group or project without any experience backing it up. SOMN’s team is composed of several very experienced members in the Ethereum, blockchain, and Cloud spaces, as well as having advisors from LISK (Max Kordek), DecentraNet (Simone Giacomelli), Coinsetter (Jaron Lukasiewicz), and other projects. (There are links at the bottom that reference the team members.)
5. Large market
Golem is SOMNs main competitor, as mentioned earlier they have over 4x the market cap of SOMN circulating in their coins. There is already four-times the interest in this specific crypto space and neither Golem, nor (especially) SOMN, have “moonshot” yet, so who knows where the ceiling is. Furthermore, both projects aim to provide their respective decentralized computational power towards a variety of projects; from rendering CGI/video, mining, scientific projects, neural networks, and any other scenario where massive computational power can be applied. The market that SOMN is targeting is estimated to have a volume of over $300 billion by 2020 and will only grow from there.
6. Competitor is already expensive (already valued at nearly $300 million)
This point is more of an opinion, I have no issue with Golem, but I think there are a few valid arguments that can be made at this time. Golem is, as mentioned earlier, much more expensive to buy into, thus the profit margin is significantly lower. If you’re invested into these projects to make money that point should speak for itself. Additionally (and this is somewhat minor), Golem’s website looks amateurish and outdated. If new users were to look at both sites which would leave a better first impression? https://golem.network/index.html or https://sonm.io/
TL;DR: SOMN provides a very lucrative and potential huge return on investment (over 1600% if it reaches 1 billion market cap. The vast majority of people investing in the cryptocurrency are doing it to get rich. If that is your objective then you need to be ahead of the curve. Buying into a coin after it already moonshot is not the answer, you need to beat the hype (and do your homework!) There are a lot of scam coins out there, projects with limited usage, or very high circulating coin supply. SOMN stands out to me strong option that is undervalued in the super-computer space and larger Cryptocurrency space. Buying into it now is ideal because there efforts are focused on producing a product instead of marketing as opposed to a lot of other coins where they are putting the cart before the horse.
Sources: https://bitcointalk.org/index.php?topic=1845114.0 (March 2017) https://medium.com/@EthereumRussian/ico-review-of-sonm-snm-tokens-on-ethereum-blockchain-c59486751cf (JUNE 2017) https://sonm.io/ https://coinmarketcap.com/currencies/sonm/#markets https://coinmarketcap.com/currencies/golem-network-tokens/ https://www.youtube.com/watch?v=PMYYA3htne4
submitted by Another_noobie to SONM [link] [comments]

Coinsetter Introduces Margin (Both Short and Long) Trading & Post-Trade Settlement

Link to the original post on Coinsetter.
Businesses and market makers now have access to margin and shorting, as well as the ability to minimize capital held on a bitcoin exchange
NEW YORK, NY (January 12, 2015) – Coinsetter, the Wall Street institutional-level bitcoin exchange, today announced it will begin offering margin trading and post-trade settlement to select business customers. Post-trade settlement allows customers to place trades on Coinsetter’s order book before making a deposit. This structure allows customers to trade without holding large balances on an exchange, limiting their exposure to third-party risks. In addition, the new program allows market makers to short bitcoin on Coinsetter’s exchange.
In the aftermath of security breaches that weaken the infrastructure of the bitcoin market, New York City-based Coinsetter is introducing a new way to mitigate risks for well-capitalized businesses–a group that represents the majority of capital holdings on bitcoin exchanges. After depositing collateral in the form of bitcoin, Coinsetter will allow select businesses to buy and sell bitcoin on margin, settling balances after trades are executed. This model is aligned with the settlement method of exchanges in other markets on Wall Street.
Jaron Lukasiewicz, CEO of Coinsetter, said: “We have been testing a post-trade settlement offering with select business customers since December, and its value is apparent. Coinsetter’s business customers, many of whom represent important institutions in the bitcoin space, can now access liquidity without having to worry about bitcoins being hacked or USD holdings becoming tied up. The program also helps growing companies reduce their working capital burdens.”
In addition to post-trade settlement for businesses, Coinsetter’s designated market makers will now be able to take short positions on bitcoin. These additions expand upon an already robust feature lineup for professionals, including FIX 4.4 API connectivity, low latency and attractive pricing. Designated market makers may also be eligible to participate in Coinsetter’s Market Maker Equity Incentive Program, through which Coinsetter has opened 10% of its equity.
“The experienced team at Coinsetter is committed to providing clients with the most advanced bitcoin exchange in the world. The features announced today raise the bar even further.” Lukasiewicz added. “Our top priority remains security, and all users benefit from Coinsetter’s Securicoin® technology. Bitcoins held in the Securicoin® system are contained in highly protected offline wallets that never directly touch the internet. Furthermore, a human is always involved to verify the validity of each withdrawal.”
About Coinsetter
Founded in 2012, Coinsetter is Wall Street’s leading bitcoin exchange for firms and individuals. Recently added to the CFTC-regulated Tera Bitcoin Price Index, Coinsetter’s New York-based exchange offers high uptime, low latency trade execution, enterprise bitcoin security by Securicoin®, deep liquidity and attractive pricing. Visit www.coinsetter.com to learn more.
submitted by bitcoin-news to BitcoinMarkets [link] [comments]

WCHangout 22 -- Coinsetter -- w/ CEO Jaron Lukasiewicz: 5x Margin, Platform Features & Cavirtex Acquisition -- Tuesday August 11th, 3PM EST (UTC-4)

BTC trader Hangout with Coinsetter CEO Jaron Lukasiewicz -- we will be covering the topics below
Youtube: http://www.youtube.com/watch?v=3fmDI7vbG0s
Event Page: https://plus.google.com/events/cg0iis9gde45vjujivtqifenbb4
Background
Tell us who you are, your background, and the background of your team.
Are you a trader ? Do you trade BTC/crypto actively ? What products have you used in the past or currently use?
Do you have any VC backing ?
What are the current KYC/AML requirements?
What is your edge ? How do you plan to challenge the offshore exchanges that currently have a very large majority of the order flow?
Explain the release of your 5x leverage -- how does margin work etc
How does your margin call system work ? what do you think of socialize loss systems like OKC ? Why do they have all the users ?
What appeal do you have to very active retail traders ?
Future products ? thoughts Cavirtex http://www.coinsetter.com/blog/2015/04/08/coinsetter-acquires-canadian-bitcoin-exchange-cavirtex-expand-companys-global-footprint/
Fees -- API -- Rest, Websocket, FIX are we starting to see more use of FIX ?
UI/UX
• I like the dashboard -- you have some tutorial vids that helps getting new traders up to speed +1 http://www.awesomescreenshot.com/image/429853/8319c7937cb76a910cee4f06115d593a
• No TradingView, Cryptowatch, or BitcoinWisdom listing
I like that you haven’t re-invented the wheel on creating your own charts -- currently on Tradeblock but I am not super keen on their UI/UX -- need hangout with them https://tradeblock.com/markets/cstxbt-usd/
I have a few tweeks to order entry:
http://www.awesomescreenshot.com/image/429802/5b5f27f16f21cab66f5efa87cc6d5360
Referral Program
• 25% of referred users fees -- that might be the best I have ever seen actually
• Looks like you are using a referral code type versus cookie based -- why ? :
• In order to become a referral partner, email Coinsetter at [email protected].
**Why not auto-enroll everyone and they can just choose not to use the referral page ?
• Problem is you also don’t incentivize the person being referred to use a ref code -- do they get a discount etc
http://www.coinsetter.com/blog/2015/03/05/coinsetter-referral-program-earn-referred-trading-fees/
I like the blog in general -- lets talk about FX a bit http://www.coinsetter.com/blog/2015/06/18/coinsetter-shift-forex-release-bitbroker-bitcoin-liquidity-forex-industry/
submitted by BTCVIX to BitcoinMarkets [link] [comments]

Coinsetter

Email;
We've been working hard at Coinsetter to improve our platform based on feedback from you and other users. Today I'm happy to announce a series of updates that we've released today. Here are some key new features:
New API features:
I'm confident you'll love the new and improved Coinsetter. Even better, our team of 12 Wall Street bitcoiners isn't done yet. We'll be releasing other great features over the next few weeks!
Best,
Jaron Lukasiewicz
Coinsetter CEO
submitted by mstevenson10009 to Bitcoin [link] [comments]

Jaron Lukasiewicz CEO Coinsetter Bitcorati, Inc. - YouTube TheProtocolTV - YouTube Startup Founders - Episode 1 - Jaron Lukasiewicz - Coinsetter  LEXIT.com M&A Marketplace Jaron Lukasiewicz of Coinsetter @ CoinSummit

Jaron Lukas ⁠-- 5X entrepreneur -- ⁠Get free access to my digital books and audio program for startup founder mindset improvement here. ... I've been an entrepreneurial executive since 2012 and was recently cited by Fox Business News as a leader they're watching. Coinsetter CEO Jaron Lukasiewicz pictured second from right. Several Bitcoin exchanges have run into troubles with regulation. For example, earlier this year, Tradehill suspended trading and Mt.Gox halted USD withdrawals.Later in the year, 22 Bitcoin companies were subpoenaed by the New York Department of Financial Services to answer critical questions about the digital currency. Bitcoinist emailed Coinsetter’s CEO Jaron Lukasiewicz and he promptly replied. Bitcoin arranged some short Q&A that Jaron was more than happy to answer: Please tell us about Coinsetter history and how the idea was born. We started Coinsetter in late 2012. At that time, the bitcoin space was very different, and I wanted to great a dependable ... All Bitcoin News Analysts Set Their Sights on a Move to $9,600 as Selling... Bitcoin has been facing unusually strong selling pressure throughout the past few hours, which appears to be coming from multiple large mining pools This caused the price of BTC to... Jaron Lukasiewicz, a young, highly intelligent Bitcoin technology proponent, sold Coinsetter to Kraken in mid-January, the rationale for the acquisition being Kraken’s drive to enter and expand across the United States, and where better to start than New York, the state in which financial services superintendent Benjamin Lawsky began issuing ...

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Jaron Lukasiewicz CEO Coinsetter

Jaron served as CEO of Coinsetter, a New York City-based bitcoin exchange, and Cavirtex, a leading bitcoin exchange in Canada – both acquired by Kraken in 2016. Jaron Lukasiewicz is founder and CEO of Coinsetter, the only New York-based bitcoin exchange. In this lively discussion, Jaron gives his outlook on the price of bitcoin, working near Wall Street, a... Jay Addison Technical and Media Advisor for CryptoBiz Magazine interviews Jaron Lukasiewicz. Jaron is the Chief Executive Officer of Coinsetter, which offers a high-performance levered trading ... Jaron Lukasiewicz is the CEO and Founder of Coinsetter, an ECN exchange and bitcoin trading platform. Listen as Jaron discusses his background, his journey into bitcoin, and the reasons why he's ... Jaron Lukasiewicz is founder and CEO of Coinsetter, the only New York-based bitcoin exchange. In this lively discussion, Jaron gives his outlook on the price of bitcoin, working near Wall Street ...

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