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 supports decentralized projects, contributing to the trend of decentralization in the cryptocurrency space. The company's goal is to provide a comprehensive and secure platform for users to explore and invest 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 enhance user experience and engagement.
• Token launch auctions increase user participation and platform activity.

What critics are saying

• Increased competition from decentralized exchanges offering lower fees and privacy.
• Volatility in new token launches can impact investor confidence and CoinList's reputation.
• Regulatory scrutiny may arise from token launch auctions perceived as speculative.

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 trading.
• CoinList collaborates with decentralized projects, enhancing security and transparency.

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Funding

Total Funding

$119.2M

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

$30M

$100M

View all funding stages