quick take
Digital asset platform Coinchange secures $10 million in funding led by leading investors such as G1.VC and Spirit Blockchain to expand its unique Earn API service. Coinchange’s Earn API allows businesses to deliver stablecoin returns while reshaping the DeFi landscape while minimizing risk through decentralized strategies.
Coinchange, a digital asset platform known for its innovative Earn API, has raised $10 million in funding.
Coinchange, a digital asset platform known for its innovative Earn API, has raised $10 million in a funding round led by high-profile investors including G1.VC, Spirit Blockchain, Good News Ventures, K2.CA, and Atoia Ventures. Mint Fox. The capital injection is set to drive the company’s ambitious growth plans, strengthen its existing product offering and attract new customers. Coinchange’s unique approach to yield farming in the decentralized finance (DeFi) market positions it to have a significant impact on the financial landscape.
Coinchange’s flagship product, the Earn API, provides businesses with the ability to offer their customers the opportunity to earn in stablecoins. Unlike traditional money market products, Coinchange’s Earn API is stable, compliant, and delivers consistent returns with minimal risk.
What sets Coinchange apart is its commitment to decentralization. All assets are managed on the blockchain, eliminating the need for a centralized counterparty for storage, trading, or lending, mitigating counterparty risk for customers. API partners benefit from full asset visibility and transparent reporting on how their assets are managed. Coinchange’s return optimization and risk management strategies further empower users to maximize returns on their cryptocurrency holdings. In addition to the Earn API, Coinchange operates regulated and compliant brokerage services in the US and Europe.
Coinchange CEO Maxim Galash stated the company’s mission: “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 expansion plans with this funding, we will continue to improve our product and expand our customer base to provide the simplest and safest way to earn passive income on your cryptocurrency holdings.”
“We believe DeFi has the power to reshape the global financial system by providing fast, affordable and inclusive financial services to everyone through an internet connection,” Maxim said.
“Over time, as we grow our brand, we aim to power fintechs and exchanges with the Earn API, enabling millions of users around the world to unlock revenue-generating accounts,” Maxim added.
Coinchange’s Earn API currently supports major stablecoins Bitcoin (BTC) and Ethereum (ETH) for trading and earning. This innovative API integrates institutional-grade active stablecoin yield portfolios directly into fintech applications, delivering numerous benefits including new revenue streams, improved customer retention and conversion rates, and enhanced compliance.
Albert Sheynzon, President of Coinchange, highlighted the platform’s ability to solve the complexities of DeFi, saying: “DeFi is still very fragmented due to its complexity and the sheer number of applications operating in the space. “After more than three years of effort, Coinchange has solved these obstacles with a platform that enables universal execution across multiple blockchains through a data-driven strategy.”
“By leveraging machine learning sequencing of revenue opportunities, we can provide real-time tracking, reporting and computing capabilities to our customers. This is changing the way people think about holding cryptocurrency by enabling a simple way to earn passive, stable income. “With over 500 business customers and growing, we believe we have the potential to become a leader in cryptocurrency finance and are excited to accelerate our trajectory with this funding round,” he added.
Coinchange noted that it focuses on security and risk management, working closely with regulators to ensure compliance and trust. The company’s established framework for DeFi risk management, expert research, and real-time portfolio monitoring ensures security regardless of market conditions.
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