Cobo Loop
What is Cobo Loop
Cobo Loop is an all-in-one asset transfer network based on blockchain technology, designed to address issues such as transaction congestion and high fees in blockchain networks. By providing clearing and settlement services similar to traditional financial institutions, Cobo Loop enhances the efficiency of asset transfers. The principle behind Cobo Loop is that funds circulate between Cobo’s Custodial Wallets, allowing for instant, fee-free asset transactions.
Key features
- Zero transaction fee: All users in Cobo Loop can transfer instantly without any transaction fee, making transactions more accessible and cost-effective.
- Instant confirmation: Transactions are confirmed immediately, ensuring a seamless and efficient experience for users.
- Multi-chain supported: With compatibility across over 80 blockchain networks, Cobo Loop offers unparalleled versatility for asset transfers across various platforms.
Cobo Loop transfers
Cobo Loop transfers refer to instant, fee-free asset transactions facilitated by the Cobo Loop network, which aims to enhance efficiency and accessibility in the blockchain ecosystem.
To learn about how to make and track Cobo Loop transfers, refer to Transfer from Custodial Wallets (Asset Wallets).