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COSS or Crypto One Stop Solution is the parent firm that has COSS Exchange, COSS Wallet, and COSS Lift-Off as its subsidiary. The company was formed after the merger of COSS Exchange and Arax Wallet that was announced on April 24, 2019.

History
CEO Sankalp Shangari co-founded COSS with Rune Evensen after the two joined hands over the merger of their respective organizations, Arax Wallet and COSS Exchange. Arax Wallet was previously a subsidiary product of LALA World, a decentralized global ecosystem.

Sankalp Shangari had previously worked in Deutsche Bank as the Vice President. Following this, he joined JP Morgan Chase as the Sr. Vice President. Sankalp later co-founded Instant Pay in 2014 and later on managed to lead a successful ICO campaign for LALA World in 2017 that raised $20 million.

Rune Evensen, co-founder of COSS is a corporate coach, Motivational Speaker and Professional Consultant who headed the Exulto Consulting Pte Ltd. before becoming the founder of COSS Exchange. He is now positioned as the Visionary Officer in COSS.

This merger was the first in the world of Blockchain that merged two cryptocurrencies i.e. COSS token and LALA token, along with the two platforms.

LALA Token was the native token of LALA World that developed the Arax Cryptocurrency Wallet (now COSS Wallet) and COSS Token is the native token of COSS Exchange. Post the merger, all the subsidiaries of COSS utilize the COS Token as the native token of COSS.

The company was founded in Singapore and is currently headquartered there. COSS Exchange was awarded as the Top Ten Cryptocurrency Exchange in Singapore by World Blockchain Forum.

PRODUCTS
COSS Exchange

The COSS Exchange is an altcoin exchange that provides a marketplace for goods, payment gateway for sellers, crowdfunding platform and facilitates fiat to crypto trading. It is one of the few exchanges which started supported fiat to crypto trading with pairings inclusive of USD, EUR, and SGD since March 2018.

About 90+ cryptocurrencies and 5+ stable coins are listed on the exchange with 100+ crypto pairs being supported for trading. The exchange distributes 50% of the revenue collected among the COS token holders each day. COSS Exchange launched it's Initial Exchange Offering Platform ‘Liftoff’ on August 21, 2019, with the IEO of SWAPS.NETWORK.

COSS Wallet

The COSS Wallet is a decentralized multi-blockchain supporting crypto wallet. It was previously named Arax and was rebranded as COSS Wallet on June 12, 2019, post the merger. The Wallet supports 8 Blockchains, 33 cryptocurrencies, and 2 stable coins at the time of writing.

The wallet supports in wallet crypto to crypto swap, mobile recharge with cryptocurrencies, and nearby crypto transfer via GPS.

Reference
COSS And DDF Co-op: Cryptocurrency Fundraising Made Easier -  JUL 05, 2017

ZenCash Listed On Singapore Exchange Coss.Io  - AUGUST 23, 2017

Welcome Our New Partner and Exchange, COSS.IO -- Jun 9, 2017

COSS Exchange Sweetens the Pot with COSS Fee Token (CFT) - April 10, 2019

Coss.io (COSS) Exchange Could Explode If They Deliver on Promises -  February 18, 2019

Fintech startup Arax Wallet merges with crypto exchange COSS -  14 Jun, 2019