Prominent Indian bitcoin trading platform Coinsecure has announced a total of $1.2 million raised 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 the round soon. Coinsecure joined the Bitcoin Foundation as an Industry Member and also became a Silver Founding Donor for the BitGive Foundation. Upon completion of the ‘Series A’ round, the company has plans to enter the blockchain based enterprise solutions domain.
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. It also features practices aimed at user security and compliance and evolve their platform. Several of Coinsecure’s outreach programs across India have enabled numerous schools, colleges and IT/ ITES departments to understand this technology, implement and use.
Benson Samuel, CTO and Co – Founder of Coinsecure, comented: “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.”
Coinsecure has established a foothold in the Indian bitcoin ecosystem with the highest liquidity and volumes compared to other bitcoin exchanges and brokerages in the country. 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.
Founder and CEO of Coinsecure, Mohit Kalra remarked: “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. 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. ”