Crypto trading app Coinrule said to close seed round on $2.2m

Automated crypto trading platform Coinrule has reportedly netted $2.2m in its seed funding round.

Several angel investors supported Coinrule’s funding round, including Twitch founder Kevin Lin, Fitbit founder James Park and others, according to a report from IBS Intelligence.

UK-based Coinrule aims to be an investment environment that empowers users to experiment with strategies, mimic trades from expert investors and automatically find the best prices for trades. the past 12 months, the company has had more than 13,000 users trade via its platform, with assets totalling £100m each month, the article claimed.

Coinrule co-founder Gabriele Musella said, “Coinrule is perfectly placed between two super trends, hyper financialization and the growth of automation in the world. We are bridging these trends to bring everyday cryptocurrency holders the opportunity to seize market opportunities.

“This funding and joining the YCombinator programme has put us in a good place to deliver our mission for financial inclusion by giving people the tools to compete in a new world of trading.”

Prior to this seed round, Coinrule raised £531,000 in a crowdfunding campaign. The investment opportunity attracted 658 investors and closed more than double of its initial target. It raised the crowdfunding at a pre-money valuation of £4m.

This week also saw Blofin, a digital asset management company, collect $12m in its Series A2 round. The FinTech company helps investors access low fees on digital assets, with it currently having around $150m in global assets under management.

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