Netherlands-based CoinMart, a crypto platform, has announced a strategic partnership with global investment firm IDG Capital, coupled with a fundraising of $3M (nearly €2.75M).
CoinMart says, “This strategic collaboration is not just a financial milestone; it’s a testament to our shared vision of making cryptocurrency trading more accessible, secure, and compliant with upcoming regulations.”
IDG Capital’s investment marks their first support of a regulated crypto exchange in Europe.
Capital utilisation
IDG Capital’s investment accelerates CoinMart’s mission to offer compliant cryptocurrency services. CoinMart looks to expand its reach as well as enhance its services across Europe.
According to CoinMart, a notable portion of this investment will fuel the development of an advanced AI platform, poised to transform cryptocurrency trading by enhancing accessibility and intuitiveness for all users.
This funding will also help CoinMart attract top talent, drive innovation, and navigate forthcoming regulatory changes like the MICA legislation set to reshape the European cryptocurrency market in 2025.
“A fresh approach to cryptocurrency services”
Founded in 2020, CoinMart is dedicated to democratising cryptocurrency investment and trading, making it accessible to all. The company’s commitment lies in offering unwavering safety & security and modest fees.
“Amid the faceless exchanges tucked away in remote corners of the Internet, we aspire to be the welcoming human touch in the world of cryptocurrency,” the company says.
“Our goal at CoinMart is to simplify everything to the fullest, allowing you to engage in cryptocurrency investment and trading as it should be: with confidence and without any fuss.”
CoinMart holds a license from the Dutch National Bank (DNB) as a registered Cryptocurrency Service Provider.
Brief about IDG Capital
IDG Capital, the first foreign investment institution in China since 1992, offers a blend of global perspective and local expertise. The firm has over 1400 investments and 400 successful exits worldwide, including IPOs and M&A.
Known for its early-stage funding, IDG Capital has backed over half of China’s unicorns, ranking among the top three investors according to the 2019 Hurun Report. Portfolio highlights include Tencent, Baidu, Coinbase, and Xiaomi.
To help its portfolio companies achieve sustainable growth, IDG Capital accesses a wide range of resources, including services in branding, marketing, channel development, overseas expansion, human resources, finance and management.
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