Coinsecure, the pioneering Indian Bitcoin trading platform, has announced the raise of $1.2 million as part of its ongoing ‘Series A’ investment round. The company opened the fund-raising round earlier in January this year and expects to close it soon.
This platform 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.
Coinsecure offers an algorithmic trading Bitcoin exchange, a Blockchain explorer, full free API’s for all their Products, a mock trading platform for users to try trading without real money, On-Chain and Off-Chain wallet services and has a number of integrations with global partners including Netki.
Addressing key prblems such as volatility and security
This Bitcoin platform also addresses key problem areas for Bitcoin such as volatility, ease of use and localization.
Coinsecure has robust practices aimed at user security and compliance and constantly evolve their platform.
“The coming years are all about improving our products, building new ones, and providing enterprise Blockchain solutions, to address some key pain points in the crypto space,” says Benson Samuel, the CTO and Co – Founder of Coinsecure. He has a clear vision about further innovation involving Blockchain technology in various industries including the banking and manufacturing sectors apart from others.
Mohit Kalra co-founder of Coinsecure mentioned that, “The funds raised by the company will be used to expand the company’s reach in both domestic and international markets. Coinsecure will also be using these funds to further explore global markets and to introduce Ethereum and other Blockchain innovations.”
Since January 2015
Established in July 2014 by Mohit Kalra and Benson Samuel, Coinsecure launched its Bitcoin exchange on January 1st, 2015.
Coinsecure joined the Bitcoin Foundation as an Industry Member and also became a Silver Founding Donor for the BitGive Foundation.
Bitcoin, is still new in India; the company has been working on bringing legitimacy to this emerging technology. The company set out with the mission of “Connecting India to Bitcoin” and is now gradually shifting towards “Building the Bitcoin and Blockchain Ecosystem in India”.
Several of Coinsecure’s outreach programs across India have enabled numerous schools, colleges and IT/ ITES departments to understand this technology, implement and use.
In fact Coinsecure recognizes that enabling Bitcoin to go mainstream does not just mean to create the strongest platform for buying and selling Bitcoin but to also educate on the merits of Blockchain technology to grow India’s Bitcoin user base.
According to Mohit Kalra, the Founder and CEO of Coinsecure, “India needs a strong case to start using Bitcoin. And Coinsecure is on the verge of delivering a solution for Indian merchants and users to engage with Bitcoin, and its experience, without any volatility or conversion risks.”
Image over the headline.- PRNewsFoto/Coinsecure