Bitcoin Exchange Coinsetter Seeks to Raise $1.5 Million
The New York City-based bitcoin exchange Coinsetter has filed to raise up to $1.5 million in venture capitalist funding with the United States Securities and Exchange commission. The company's CEO, Jaron Lukasiewicz, said that Coinsetter was only planning to raise $1 million, but would like the flexibility to raise more funding as the exchange prepares to launch to the public. It is currently in private beta. The company managed to raise about half-million USD back in April of this year, and this next round will certainly go a long way in improving the service, which hopes to attract....
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Bitcoin exchange Kraken has announced it has purchased Coinsetter in what amounts to one of the larger mergers of notable brands in the bitcoin ecosystem. As a result of the undisclosed deal, Kraken’s exchange will now be available in 37 US states as well as all 10 Canadian provinces. Coinsetter had previously acquired Canadian bitcoin exchange CAVirtex in April, months after it would close citing security concerns. The sale of New York-based Coinsetter, rumored for months, follows an influx of new and well-capitalized entrants in the US bitcoin exchange market, which has seen startups....
New York-based Coinsetter, which has built a platform for high-speed bitcoin trading, is raising additional venture capital. According to a Securities and Exchange (SEC) filing, the company is looking to raise a total of $1.5m. Coinsetter CEO Jaron Lukasiewicz told CoinDesk that the company has already raised most of the funds. "You can't see this from the filing, but we have commitments on the majority of the round. We are now in discussions with a few large investors on the remainder. These are mostly VC firms and very high net worth angels," he said. Numerous investors from the....
Here's another Bitcoin exchange you might like to know about. It's called Coinsetter and it's brand-spanking-new. Oh, and it launched this morning, hoping to transform the Bitcoin exchange experience in the United States. Back in April, the company was able to secure about half-million USD in funding, and today, the New York-based exchange is open for trading. Users are able to transfer in and out of the exchange using Bitcoin right now, and the company is working to incorporate ACH transfers over the next year. What's cool about this exchange is that Coinsetter expects to include....
New York City-based bitcoin exchange Coinsetter is still in a beta testing phase, but that's not stopping the platform's users from trading a significant amount of bitcoin. Marshall Swatt, CTO at Coinsetter, announced via Twitter on Tuesday "is starting to achieve some very large daily volume." According to Swatt, the exchange's daily volume has surpassed 1,000 BTC (or over $500k USD). Not bad for a system with a limited user base (for now). Coinsetter describes themselves as a platform designed for the serious trader, capable of handling high-frequency trading and actively sourcing....
When Canadian exchange Cavirtex closed its doors in February, there was a lot of speculation about the reasons it shut down, but few expected the exchange to come back to life. Cavirtex shut down amid security concerns after a major breach. Now, New York-based digital currencies exchange Coinsetter is expanding into the Canadian market by buying previously closed exchange Cavirtex for close to $2 million, according to Fortune Magazine. Coinsetter, which specializes in institutional trading for investment firms, is confident it can win back all of Cavirtex's old customers in Canada and grow....