Coinchange – a digital asset platform enabling businesses to trade and access yield as a service through its unique Earn API – recently announced that it has raised $10 million to grow its services. The funding 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 funding round will support expanding the firm’s operations, honing its most popular products, and attracting new clientele. And with this funding round, Coinchange is well-positioned to scale its team and products to impact the financial landscape, leveraging unrivaled yield farming strategies in decentralized finance (DeFi) markets.
Through integrated Earn API services, Coinchange enables businesses to offer customers the ability to earn yield on stablecoins. And 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 potentially introduce counterparty risk to clients.
The API partners have complete asset visibility and reporting transparency over how it’s being managed. And 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.
Coinchange’s Earn API infrastructure supports all major stablecoins, Bitcoin (BTC), and Ethereum (ETH), for trading and earning yield. Earn API embeds 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.
Coinchange provides 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.
KEY QUOTES:
“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.”
- Maxim Galash, CEO of Coinchange
“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.”
- Albert Sheynzon, President of Coinchange
