Coinsecure, the domestic Bitcoin trading platform, has raised $1.2 million as part of its ongoing ‘Series A’ investment round.
The company opened the fund-raising round earlier in January and expects to close the round soon, an official statement said.
Coinsecure, which was formed with the objective of creating a Bitcoin ecosystem in the country, offers an algorithmic trading Bitcoin exchange, a Blockchain explorer, full free API’s for all their products, a mock trading platform for users to trade without real money and On-Chain and Off-Chain wallet services. It has a number of integrations with global partners including Netki.
The platform was founded in July 2014 by Mohit Kalra and Benson Samuel and it launched its Bitcoin exchange on January 1, 2015. The company has been working on bringing legitimacy to the concept of cryptocurrency.
The statement quoting Benson Samuel, the CTO and Co-Founder of Coinsecure, said: “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.” Samuel has a clear vision for further innovation involving Blockchain technology in various industries, including the banking and manufacturing sectors, apart from others.