Bitcoin Trading Platform Coinsetter Close to Raising Additional $1.5 Million

Bitcoin Trading Platform Coinsetter Close to Raising Additional $1.5 Million

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....


Related News

Coinsetter Integrates With Bitstamp to Boost Its Bitcoin Trading Platform

New York City-based bitcoin trading platform Coinsetter is bringing liquidity to bitcoin trading for investors by integrating with Bitstamp. Bitstamp, a Slovenia-based bitcoin exchange, is currently the number two globally for trading between the United States dollar and bitcoin by volume, according to Bitcoin Charts. Jaron Lukasiewicz, CEO of Coinsetter, told CoinDesk: "Coinsetter is a low-latency, high-uptime trading platform for bitcoin. Our trading engine is approximately 10 times faster than other exchanges on the market, and we are spending time optimizing it further. I view us as a....

Coinsetter Partners With LaunchKey to Offer Multi-Factor Authentication for Accounts

Today brings the start of the World Cup - and an interesting announcement from New York City-based Coinsetter, a new bitcoin exchange aiming to make a splash in individual and institutional digital currency trading. The company has announced a partnership with LaunchKey - a company that specializes in accounts security and authentication - to bring something they have creatively called LaunchKey for Coinsetter: With LaunchKey's enterprise multifactor authentication platform, Coinsetter users now have a comprehensive solution that improves privacy and security through decentralization of....

Coinsetter Bitcoin Exchange (In Beta) Daily Volume Surpasses 1000 BTC

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....

Bitcoin Exchange Kraken Acquires Coinsetter, Launches US Trading

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....

Coinsetter Introduces New Trading Features

Coinsetter introduced new features to its Platform. Bitcoin traders are now able to use Bitcoin Margin Trading, Shorting. Costumers, now have access to 5.0x leverage and shorting with interest-free margin. This Monday, the New York-based bitcoin exchange, announced the extension of margin trading capabilities to all of its users. Coinsetter users can trade with margin by posting collateral of as low as 20% of the margin balance added to an account. Collateral can be posted entirely in bitcoin if preferred, and margined positions do not accrue interest-a feature that is unique to....