back Back

Coinrule announced a $2.2 million seed funding round

By Joy Dumasia

September 27, 2021

  • Asset Management
  • Coinrule
  • Europe

Coinrule, which provides individual and retail cryptocurrency investors with an automated crypto trading platform for their assets, announced a $2.2m seed funding round. A range of decorated tech founders and investors participated in the round, including Fitbit founder James Park, Twitch founder Kevin Lin, and a fund in which Naval Ravikant is an investor.

Founded in 2018 by Gabriele Musella, Oleg Giberstein and Zdeněk Höfler, Coinrule enables cryptocurrency investors to create and test automated trading strategies for their assets to benefit from market opportunities protect them against adverse events. It was created with the mission to increase the accessibility of trading strategies and models, typically the preserve of investment banks and hedge funds, for anyone. In effect, Coinrule provides algorithmic trading without having to learn a single line of code.

Coinrule has grown rapidly over the last 12 months and now has over 13,000 users trading assets worth £100m every month. Users are creating over 100,000 strategies on the platform in any given month as they seek greater ownership of their assets.

Coinrule’s vision is to become an investment ecosystem that allows users to backtest strategies, copy trades from expert investors in the marketplace, find arbitrage opportunities and automatically find the best prices across exchanges. Coinrule has already integrated its offering with global crypto exchanges, including Coinbase, Binance, Kraken, Bitstamp, etc.

Gabriele Musella, Co-Founder of Coinrule, 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.”

IBS Intelligence reported that UK-based automated trading platform Coinrule announced that its round on Seedrs has secured over 200% of its target, raising around €570K, with a valuation of around €5 million.

Previous Article

September 27, 2021

Wiseasy PayCloud receives PCI DSS Compliance

Read More
Next Article

September 27, 2021

Ziglu crowdfunding gets oversubscribed in under 90 minutes

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

Asset Management

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Mumtalakat funds Singapore Gulf Bank to expand footprint in Bahrain

Read More

March 01, 2024

FinTech Fello launches Fello 2.0 to boost savings & rewards ecosystem

Read More

February 29, 2024

Barclays to sell $1.1b worth US credit card debt to Blackstone

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023