News Twitter CEO Jack Dorsey invests in CoinList as it...

Twitter CEO Jack Dorsey invests in CoinList as it launches exchange

-

- Advertisment -

Twitter CEO Jack Dorsey has invested in CoinList Inc—a company that helps digital asset companies manage their token sales—in its latest funding round. The new funding will help CoinList launch a new exchange platform and grow its presence.

CoinList started as a business-to-business (B2B) services platform in 2017, where it allowed new startups, digital asset companies, and networks to raise capital via token sales. CoinList claims that it follows strict AML/KYC guidelines and conducts only fully compliant token sales from wholly vetted blockchain projects.

The funding round was led by Polychain Capital, a San Francisco-based digital asset investment fund that has invested in numerous blockchain tech startups. CoinList managed to raise a total of $10 million in funding, with Jack Dorsey as the only publicly listed investor on CrunchBase.

Dorsey has previously invested in Lightning Labs, building a scaling solution for Bitcoin, and has expanded Square, a payments company, to support—and advocate for—Bitcoin. He has also been regularly buying Bitcoin with his own money. At the same time, he has made it clear he’s not a fan of Facebook’s cryptocurrency project Libra.

In a statement, Dorsey said, “Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step.”

With the help of this fresh injection of capital, CoinList is looking to dive into the cryptocurrency trading industry with a new exchange platform known as CoinList Trade, along with a new wallet.

The exchange is available in 38 US states and other countries internationally. It offers trading pairs against Bitcoin (BTC), Ethereum (ETH), and even Algorand (ALGO). Let’s hope it will be more successful than the crashing price of the Algo.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Polkadex Enhances the Cryptocurrency Trading Experience

The global economy has not entered the modern era as of yet. Luckily, there are tools to...

Ethereum Price Sees $500 for the First Time in Two-and-a-half Years

First launched in 2014, Ethereum or Ether is one of the oldest altcoins and probably the most...

Banking Sector is Ready for a Tech Revolution With Cryptocurrency

When our world is going through a massive change due to COVID-19blow, it is very likely that...

OpenDAO’s Bridge Opens New Possibility for Mass Adoption of DeFi

When Satoshi Nakamoto officially created Bitcoin on January 3, 2009, his vision for the digital asset was...
- Advertisement -

Crypto’s price surge was mostly due to limited information – here’s why

As the world becomes more and more digitized, the usage of one of the most popular cryptocurrencies,...

U.S. Authorities Seized Bitcoin Worth a Total of $1 billion

The cryptocurrencies were in the possession of a person who had hacked Silk road, which was detected...

Must read

Polkadex Enhances the Cryptocurrency Trading Experience

The global economy has not entered the...

Ethereum Price Sees $500 for the First Time in Two-and-a-half Years

First launched in 2014, Ethereum or Ether...
- Advertisement -

Read Next
Recommended to you