Trading in both equities and cryptoassets is dominated by institutional money with automated trading platforms. Sophisticated algorithms analyze data rapidly to make trading decisions and hopefully generate gains. Coinrule, a cryptocurrency trading startup, wants to offer a similar service to retail investors and the company is raising growth capital on Seedrs to execute on this goal.
Coinrule’s equity offering seeking £250,000 at a £4 million pre-money valuation was quickly topped in 48 hours. At this moment, Coinrule has raised over £345,000 from 314 individual investors. The offering is SEIS qualified and will be available for trading on Seedrs Secondary Market once the offering closes.
Thank you! We are now 100% funded on Seedrs https://t.co/dkk9ZPIAVg
Don’t miss an opportunity, you can still join Coinrule’s crowdfunding Campaignhttps://t.co/o3ii8kH9E3#seedrs #coinrule #finance #crypto #btc #invest #startup #crowdfund pic.twitter.com/E1uJgatHSo
— Coinrule (@CoinRuleHQ) October 26, 2020
In a release, Coinrule said that 2020 has been a good year for the startup as the user base has more than doubled and more than 10,000 trades are being executed each month. The offering page states there are over 13,000 investors using the platform globally. Coinrule says it is now building an investment ecosystem that revolves around automation. Currently, a trader may automate investments across multiple platforms – all automated. Supported exchanges include well-known names like Binance and Coinbase Pro.
Users may sign up for several different tiered plans. The starter program is free and the top tier, the pro version, is $449/month.
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