Despite the decline of the cryptocurrency market since last November, the French company Coinhouse continues to raise funds to meet its ambitions to become the first European cryptocurrency. After announcing a € 15 million fundraiser in January, the cryptocurrency exchange announced that it had completed its € 40 million funding round on Tuesday. Investors include the French-German private bank Oddo BHF, True Global Ventures, Tioga Capital, XAnge Siparex Innovation, Raise Ventures, CF Partners, ConsenSys, Expon Capital, as well as several large French families and business leaders.
This is the first time in France that a so-called “traditional” financial player has invested in a special crypto player. «The traditional players of the financial world և capital investors are beginning to realize the enormous potential of the crypto market, despite its cycles և shocks associated with its innovative potential և youth.“- says Nicolas Louve, co-founder and CEO of Coinhouse. «“We are confident that blockchain technologies will reshape many industries, including finance.” In turn, mentions Benoit Claveran, CEO of Oddo BHF Transformation and Development.
Democratize crypto investments
The first French player to register with the Autorité des marchés financiers (AMF) as a digital asset services provider (PSAN), Coinhouse wants to democratize cryptocurrency savings for the wider business community.within a regulated framework that guarantees the peace of mind of investors“, – claims its co-founder. Through this significant new fundraiser, Coinhouse will be able to further accelerate the development of its service offering to these two targets.
In addition to being able to buy and sell about fifty cryptocurrencies, the platform already offers cryptocurrency savings management products from last fall, such as the Crypto Account (paid at 5% but no guaranteed capital) and managed management (which sets the level of impact). by profile). It wants to continue to grow its crypto asset management business, facilitating crypto payments for both the general public and its professional clients.
International development
Since the beginning of the year, Coinhouse has also been advising companies looking to position themselves on Web3, this new stage in the development of the Internet, based on decentralization, ownership, and value-sharing. The company claims to have already supported more than 20 major French’s international brands, allowing them to securely acquire, hold on to land, or accept cryptocurrency payments that translate directly into euros for the sale of objects or non-convertible tokens (NFTs). ): ) without managing portfolio complexity or volatile asset management.
The company, which has a subsidiary in Luxembourg and is registered with the local financial regulator, expects to double its turnover abroad in 2022. . To achieve this, the group will explore opportunities for external growth.
The profitable company has quadrupled its workforce in less than two years since October 2020 and has more than 100 employees.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.