Coinsecure Raises Over 1.2 Million in Series A Fund-Raising Round
Just last month, the Delhi-based Bitcoin exchange Coinsecure announced its global partnership with Netki. As domain names made the internet easier by implementing the Domain Name System (DNS), the startup Netki looks to accomplish the same mission.
Now, this Bitcoin trading platform has raised over $1.2 million from a group of undisclosed angel investors from India. The company said this fund raise is part of its ongoing Series A round. The company opened the fund-raising round earlier in January this year and expects to close the round soon.
With profound roots in the early years of Bitcoin in India, Coinsecure shaped as an organization, with a mandate to make a Bitcoin biological community to address India’s developing needs. The organization has built up some stunning items so far taking a shot at a before seed round.
Coinsecure joined the Bitcoin Foundation as an Industry Member furthermore turned into a Silver Founding Donor for the BitGive Foundation. Coinsecure perceives that empowering Bitcoin to go standard does not simply mean to make the most grounded stage for purchasing and offering Bitcoin however to likewise teach on the benefits of Blockchain innovation to develop India’s Bitcoin client base.
The assets will be used to extend the organization’s range in both local and universal markets, and present Ethereum and other Blockchain developments. The assets will likewise go into fortifying the advertising and building groups, expand the saving money accomplices and build up the application, which will be propelled before the current month is over. The organization will expand the quantity of representatives from 20 to 30 before the current year is over.
Coinsecure has established a strong foothold in the Bitcoin ecosystem with the highest liquidity and volumes compared to all the other Bitcoin exchanges and brokerages in India, while maintaining fully transparent and open order books, with records starting from the very first trade on the platform dating back to January 6, 2015. The company now consistently handles over 3000 BTCs a month in terms of volume and has shown increasing volumes every month since they started operations.
Upon the fruition of the ‘Series A’ round, the organization has arrangements to enter the Blockchain based venture arrangements area. Financial specialists inspired by being a piece of the raising money round are urged to connect specifically to Coinsecure.
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