Coinchange, a digital asset platform enabling businesses to trade and access yield as a service through its unique Earn API, has raised $10 million to grow its services. The round was led by key investment players including G1.VC, Spirit Blockchain, Good News Ventures, K2.CA, and Atoia Ventures with additional participation from Mintfox. The funds will support the expansion of the firm’s operations, honing its most popular products, and attracting new clientele. With this capital, Coinchange is well-positioned to scale its team and products to make a meaningful impact on the financial landscape, leveraging unrivaled yield farming strategies in decentralized finance (DeFi) markets.
Through its integrated Earn API services, Coinchange enables businesses to offer customers the ability to earn yield on stablecoins. The Coinchange Earn API is a reliable and compliant platform, offering risk-managed and stable returns. Its financial characteristics are similar to traditional money market products. With all its assets managed on the chain, Coinchange doesn’t have to rely on centralized counterparties for custody, trading, or lending and therefore, potentially introduce counterparty risk to clients. API partners have complete asset visibility and reporting transparency over how it’s being managed. Coinchange’s yield optimization and risk trenching strategies also help users maximize returns on their holdings. In addition to its Earn API, Coinchange also operates regulated and compliant brokerage services in the US and across Europe.
Maxim Galash, CEO of Coinchange, said: “At Coinchange, we’re building the infrastructure to enable compliant access to DeFi and ultimately, bring Wall Street to the main street! As part of our expansion plans with this funding, we’ll continue to improve our products and expand our clientele to provide the simplest and most secure ways to earn passive income on crypto holdings. We believe DeFi has the power to reshape the global financial system by offering fast, cheap, and inclusive financial services to everyone with an internet connection. In time, by growing our brand, we aim to have Earn API empower fintechs and exchanges to unlock yield-earning accounts for millions of users across the globe.”
Coinchange’s Earn API infrastructure currently supports all major stablecoins, Bitcoin (BTC), and Ethereum (ETH) for trading and earning yield. Earn API works by embedding institutional grade active stablecoin yield portfolio directly into fintech application interfaces offering multiple advantages. This includes new revenue streams, better customer retention and conversion, and improved regulatory compliance among other benefits.
Albert Sheynzon, President of Coinchange added: “DeFi remains very fragmented due to its complexity and the sheer number of applications operating in the space. After over three years of effort, Coinchange has addressed this hurdle with a platform that enables universal execution across multiple blockchains with data-driven strategies. By leveraging machine learning sequencing of yield opportunities, we can provide real-time tracking, reporting, and computing for clients. This is transforming the way people think about their cryptocurrency holdings by enabling simple ways to earn passive, stable income. With over 500 business clients and growing, we believe we have the potential to become a leader in the crypto finance space, and we’re excited to accelerate our trajectory with this funding round.”
Coinchange prioritizes security and risk mitigation, working closely with regulators to maintain compliance and trust. Coinchange’s proven framework of DeFi risk management, expert research, and real-time portfolio monitoring ensures security irrespective of market conditions.
About
Coinchange is a leading crypto earning platform with a mission to offer tools that enhance the capabilities of businesses, enabling them to provide added value to their clientele without compromising on established financial principles whilst empowering customers to effortlessly earn on their stablecoins. For more information, visit https://www.coinchange.io/