Wisconsin-based Bitcoin exchange hub Coinigy announced that it has raised $100,000 in seed funding.
Coinigy indicated that the funds will be used to improve a multitude of existing professional Bitcoin trading services as well as support development of a new universal exchange API. Users can apparently access a total of 24 Bitcoin exchanges through one interface and a large number of key functions such as trading and portfolio management tools, a news feed, market graphs and technical indicators.
The company said that its Universal Exchange API will allow users to fetch, process and analyze real-time trade data across all supported exchanges. The new API will also support trading across multiple exchange accounts from one system, promoting market liquidity and allowing for instant arbitrage, advanced order types, and indicator-triggered ordering.
According to the company, some of Coinigy´s features include: low-latency professional-grade Bitcoin charting and data tools, more than 60 technical indicators, drawing tools, and real-time data feeds across all devices. Portfolio monitoring allows users to track gains across all exchanges and monitor public wallet addresses in Bitcoin and hundreds of alternative cryptocurrencies.
Coinigy promises 99% uptime for its cloud-based platform, and that all services and cryptocurrency trading tools will be available on iOS and Android together with automatic desktop, email and SMS alert functions. Coinigy ensures user safety with a multi-tiered server architecture and fully encrypted user data. Users attach their existing cryptocurrency exchange accounts to Coinigy and funds stay inside the exchange itself.