In a significant move, Coinchange has successfully raised $10 million in a funding round led by prominent investors. This boost positions Coinchange to expand its operations and enhance its unique Earn API services, which allow businesses to trade and access yield seamlessly. Let’s delve into the details of Coinchange, its funding, and the impact it aims to make on the financial landscape.
Coinchange stands out as a leading crypto earning platform, committed to providing businesses with tools that enhance their capabilities while offering added value to their clientele. The platform’s key offering is its Earn API, a revolutionary service enabling businesses to offer customers the opportunity to earn yield on stablecoins. Coinchange’s approach is not only reliable and compliant but also mirrors traditional money market products, ensuring risk-managed and stable returns.
Coinchange’s Funding Journey
The recent funding round, which amassed $10 million, was spearheaded by notable investment players like G1.VC, Spirit Blockchain, Good News Ventures, K2.CA, and Atoia Ventures, with Mintfox joining in as well. This infusion of capital is earmarked for scaling Coinchange’s operations, refining its popular products, and attracting new clientele. The funds will also play a pivotal role in expanding the team, solidifying Coinchange’s position in the market and enabling it to make a substantial impact on decentralized finance (DeFi) markets.
Coinchange’s Earn API services support major stablecoins, Bitcoin (BTC), and Ethereum (ETH), providing a platform for trading and earning yield. This revolutionary infrastructure embeds an institutional-grade active stablecoin yield portfolio directly into fintech application interfaces. The advantages are manifold, ranging from new revenue streams and improved customer retention to enhanced regulatory compliance. In addition to the Earn API, Coinchange operates regulated and compliant brokerage services in both the US and Europe, ensuring a comprehensive suite of financial tools for its users.
Maxim Galash’s Vision
Maxim Galash, CEO of Coinchange, envisions building the infrastructure to enable compliant access to DeFi, ultimately democratizing financial services. The funding will be instrumental in improving products and expanding clientele, making it simpler and more secure for users to earn passive income on their crypto holdings. Galash believes that DeFi has the potential to reshape the global financial system by offering fast, cheap, and inclusive financial services to everyone with an internet connection.
Coinchange‘s recent funding round propels it into a new phase of growth and innovation. With a steadfast commitment to security, compliance, and user empowerment, Coinchange is poised to become a leader in the crypto finance space. As it continues to evolve and expand, Coinchange’s vision of bringing Wall Street to the main street through DeFi seems well within reach.
How does Coinchange’s Earn API work?
Coinchange’s Earn API embeds an institutional-grade stablecoin yield portfolio directly into fintech application interfaces, offering users the ability to trade and earn yield seamlessly.
What sets Coinchange apart in the crypto earning space?
Coinchange prioritizes security and risk mitigation, working closely with regulators to ensure compliance. Its unique Earn API provides risk-managed and stable returns, mirroring traditional money market products.
How will the funding impact Coinchange’s future plans?
The $10 million funding will support the expansion of operations, product refinement, and client acquisition. Coinchange aims to accelerate its trajectory, becoming a leader in the crypto finance space and democratizing access to decentralized financial services.