CoinBurp Raises $6m From Private Investors to Launch a New Defi Project

CoinBurp, London-based cryptocurrency broker, has raised $6m in a bid to build a "Coinbase for Non-Fungible Tokens" within their ecosystem.

LONDON, UK / ACCESSWIRE / July 23, 2021 / According to research, the global cryptocurrency market cap is estimated at $1.32T based on traffic, liquidity, trading volume and other indicators.While the cryptosphere is unlocking innovative opportunities for traders as it disrupts institutional banking, there is the urgent demand to create next-generation platforms that allow crypto enthusiasts to easily understand, invest, and acquire digital assets and currencies.

Despite the fact that centralized exchanges have experienced significant growth over the years, they have, however, failed to offer noteworthy value to traders within the space. Due to this factor, investors are looking for ways to tap into honey pot DeFi innovations such as NFTs - which are rapidly becoming the most explosive crypto trend.

A new blockchain technological innovation has emerged to address these issues, by serving as a bridge connecting Centralized Finance users to the world of Decentralized Finance, as well as offering better user experience for online traders. Through pioneering this, online traders are exposed to a world where possibilities are limitless.

CoinBurp is the game changer. It's a cryptocurrency platform founded in 2018 and based in the United Kingdom. According to Trustpilot, it is ranked as the number one trading platform in the United Kingdom.

Coinburp aims to transform the false impression that only the tech-savvy young and strong-willed can thrive in the cryptocurrency space. So, they created a distinctive user-friendly platform that can be accessed by everyone.

Innovative in its approach, CoinBurp is bridging the gap between CeFi (Centralized Finance) and DeFi (Decentralized Finance). This is acheived by allowing users to get in and out of DeFi, trade with ease, stake for rewards and earn uniquely. This is supported by a functional utility governance token, $BURP.

In light of new developments, Coinburp decided to build the "Coinbase for NFTs''. Promptly, funds have been raised for the new project and as of May 2021, approximately $2m funding has been allocated to the company. The contributions were led by notable investors Moonrock Capital and Alphabit.

Alphabit CEO, Liam Robertson exclaimed;

Alongside the lead investors, CoinBurp is also backed by AU21 Capital, NGC Ventures, Morningstar Ventures, 18Ventures, Titans Ventures, among other capital funds.

What exactly does CoinBurp Offer?

Until now, Coinburp has raised a total of $6m towards the project in order to build a "CoinBase for NFTs". Building this product means that Coinburp - as a regulated broker - will have NFTs listed on the market and can be made available for investors in large and small quantities. This allows the platform to have access to more users that wish to transact in buying, selling, trading and using NFTs.

Evidently, when there is high demand for a product, scarcity is attained. Coinburp is not only set to alleviate that scarcity by building a base for NFTs in the ecosystem, the company also aims at making accessibility pretty seamless for users to obtain and store NFTs. In parallel, it is of interest to display that this is made possible by adopting the features of both CeFi and DeFi.

These features open the possibility for an exchange platform to offer a fiat on ramp, providing ease of use for users to participate in the DeFi and NFT space, without fearing breach or compromise of security.

Incubated by Outlier Ventures and backed by a long list of prominent private investors such as, Moonrock Capital, Alphabit, AU21 Capital, NGC Ventures, Morningstar Ventures, 18Ventures, Titans Ventures and others. The $6m private raise paves the way for a triple-IDO/IEO later this month, having already successfully launched two pre-IDO campaigns via Launchpool and Genesis Shards.

In the words of Alex Smith, Moonrock Capital Managing Partner,

Once the triple-IDO/IEO concludes, the utility and governing token $BURP will be launched. Upon successful audit of its smart contracts, this token will serve as the identity on which the whole ecosystem revolves around. Currently, CoinBurp products are already in alpha stage and live on the Android and iOS app stores.

ABOUT COINBURP

CoinBurp is the UK and Europe's disruptor for cryptocurrency trading, with instant GBP deposits and withdrawals, as well as EUR support. Ranked as one of the fastest growing cryptocurrency platforms in the UK, and rated "number 1 most liked cryptocurrency platform" by Trustpilot UK.

CoinBurp is building the next generation CeDeFi and NFT platform. It uses its established ecosystem to enable buying and selling of NFTs directly from all major NFT marketplaces. It also supports interaction with all other major DeFi platforms from a single fiat-enabled product suite.

To stay informed with more updates

Contact Information:
Name: Peter Wood
Company name: CoinBurp
Email: pw@coinburp.com
Phone number: +44 (0) 7399775781
Company address: 154 Bishopsgate, London EC2M 4LN

SOURCE: CoinBurp



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