Decentralized Finance Platform Coinchange Raises $10 Million in Funding
Coinchange, a decentralized finance (DeFi) platform, has successfully raised $10 million in funding. The funding round was led by G1.VC, Spirit Blockchain, Good News Ventures, K2.CA, and Atoia Ventures, with additional participation from Mintfox.
Coinchange offers business users the ability to trade and access digital asset yields through its Earn API. This risk-managed platform supports bitcoin, ethereum, and major stablecoins, providing stable returns for users.
The company plans to use the funding to expand its operations and services while onboarding new clients. Coinchange aims to improve its products and provide secure ways for users to earn passive income on their crypto holdings. The firm also aims to empower fintechs and exchanges worldwide with its Earn API.
Expanding Services in DeFi and Compliant Brokerage
In addition to DeFi yield services, Coinchange also manages compliant brokerage services in the United States and Europe. The platform offers a comprehensive suite of financial solutions to cater to the diverse needs of its clients.
Hot Take: Coinchange Driving Innovation in DeFi
Coinchange’s successful funding round demonstrates the growing interest and support for decentralized finance platforms. With its Earn API, the company is enabling businesses and individuals to access digital asset yields securely and easily. By expanding its operations and services, Coinchange is poised to become a key player in the DeFi space, offering innovative solutions for passive income generation. As the demand for DeFi continues to rise, Coinchange’s commitment to improving its products and empowering fintechs worldwide positions it for long-term success.
About the Author
MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
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