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French Crypto Platform Coinhouse Raises $17M to Fuel European Expansion
The Series B funding round was led by True Global Ventures and included a contribution from blockchain software company ConsenSys.
Updated May 11, 2023, 5:52 p.m. Published Jan 18, 2022, 10:23 a.m.
Crypto trading platform Coinhouse has raised 15 million euro (US$17 million) to drive European expansion beyond its native France.
- The Series B funding round was led by True Global Ventures and included a contribution from blockchain software company ConsenSys, Coinhouse announced in an email Tuesday.
- It plans to use the funds to increase its products on offer, enhance its corporate and institutional offering and expand its presence across Europe.
- Its aim is to become Europe's first "cryptobank," having recently taking a step in this direction by obtaining registration with Luxembourg's financial regulator, the CSSF.
- Coinhouse became the first crypto company to be registered with the Financial Markets Authority (AMF), France's top financial regulator, in April 2020.
Read more: Binance Funds $116M Initiative to Grow French Crypto Ecosystem
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