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Digital asset platform Coinchange secures $10 million in funding led by key investors including G1.VC and Spirit Blockchain to expand its unique Earn API services. Coinchange's Earn API enables companies to offer stablecoin yields while minimizing risks through decentralized strategies, potentially reshaping the DeFi landscape.
Coinchange, a digital assets platform known for its innovative Earn API, has raised $10 million in funding
Coinchange, a digital assets platform known for its innovative Earn API, has raised $10 million in a funding round led by prominent investors including G1.VC, Spirit Blockchain, Good News Ventures, K2.CA and Atoia Ventures Dollars raised, with additional participation from Mintfox. The capital injection is intended to fuel the company's ambitious growth plans, enhance its existing product offering and attract new customers. Coinchange's unique approach to yield farming in decentralized finance (DeFi) markets positions the company to have a significant impact on the financial landscape.
Coinchange's flagship product, the Earn API, enables companies to offer their customers the opportunity to earn income from stablecoins. Unlike traditional money market products, Coinchange's Earn API is both reliable and compliant, delivering stable returns while minimizing risk.
What sets Coinchange apart is its commitment to decentralization; All assets are managed on the blockchain, eliminating the need for central counterparties for custody, trading or lending, thereby mitigating counterparty risks for customers. API partners benefit from complete asset transparency and transparent reporting on how their holdings are managed. Coinchange's yield optimization and risk management strategies also enable users to maximize their returns from crypto holdings. Beyond the Earn API, Coinchange also operates regulated and compliant brokerage services in the United States and Europe.
Coinchange CEO Maxim Galash expressed the company's mission, stating: “At Coinchange, we are building the infrastructure to enable compliant access to DeFi and ultimately bring Wall Street to Main Street!” As part of our With this funding, we will continue to improve our products and expand our customer base to provide the easiest and safest ways to earn passive income from crypto holdings.”
“We believe DeFi has the power to transform the global financial system by offering fast, cheap and inclusive financial services to anyone with an internet connection,” said Maxim.
“Over time, by building our brand, our goal is for Earn API to empower fintechs and exchanges to unlock high-yield accounts for millions of users around the world,” Maxim added.
Coinchange's Earn API currently supports major stablecoins Bitcoin (BTC) and Ethereum (ETH) for trading and yield generation. This innovative API integrates institutional-grade active stablecoin yield portfolios directly into fintech applications and offers numerous benefits such as: B. new revenue streams, improved customer retention and conversion rates, and improved regulatory compliance.
Albert Sheynzon, president of Coinchange, highlighted the platform's ability to handle the complexities of DeFi, saying: “DeFi remains very fragmented due to its complexity and the sheer number of applications operating in the space.” After over three years of work, Coinchange has this Hurdle overcome with a platform that enables universal execution across multiple blockchains with data-driven strategies.”
“By leveraging machine learning sequencing of yield opportunities, we can provide our customers with real-time tracking, reporting and calculation. This is changing the way people think about their cryptocurrency holdings by enabling easy ways to earn passive, stable income. With over 500 business customers and growing, we believe we have the potential to become a leader in the crypto financing space and we are excited to accelerate our journey with this round of funding,” he added.
Coinchange mentioned that it places a strong emphasis on security and risk management and works closely with regulators to ensure compliance and trust. The company's established framework for DeFi risk management, expert research, and real-time portfolio monitoring guarantees security regardless of market conditions.
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