Overview

CoinList provides a platform for early adopters to invest in and trade digital assets, particularly cryptocurrencies like Bitcoin and Ether. Users can buy, sell, and track various digital currencies in a secure environment. The platform includes CoinList Pro, a full-featured crypto spot exchange that allows users to trade cryptocurrencies and participate in staking, where they can earn rewards by holding certain assets, such as a 5.4% return for staking Celo. CoinList generates revenue through transaction fees, listing fees for new digital assets, and staking services. It also offers privacy tools to enhance user security. Unlike many competitors, CoinList focuses on supporting decentralized projects, contributing to the trend of distributing control for greater security and transparency. The goal of CoinList is to provide a comprehensive and trusted platform for individuals interested in exploring and investing in new digital assets.

Simplify's Take

What believers are saying

• Partnerships with Animoca Brands and U2U Network expand CoinList's market reach.
• Revamped Karma system and perpetual futures beta attract innovative traders.
• Token launch auctions increase user engagement and platform activity.

What critics are saying

• Rising competition from decentralized exchanges may draw users away from CoinList.
• Regulatory scrutiny on token sales could impact CoinList's ability to list new tokens.
• Cryptocurrency market volatility poses a risk to CoinList's transaction fee revenue.

What makes CoinList unique

• CoinList offers early access to new tokens before other exchanges list them.
• The platform supports a full lifecycle of crypto investment, from sales to staking.
• CoinList collaborates with decentralized projects, enhancing its appeal to blockchain enthusiasts.

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Funding

Total Funding

$115.9M

Above

Industry Average

Funded Over

2 Rounds

$100,000,000

Series A

Oct 2021

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$100M

$100M

View all funding stages