PRESS RELEASE. Coinrule – a hyper-growing, automated trading platform based in London, UK – is poised for explosive growth in the coming months, after announcing that its recent round of investment on Seedrs secured more than 200% of its target, raising $ 700,000 at a valuation of $ 6 million. With this funding, Coinrule will be able to grow the team, expand into the fast-growing tokenised equity trading market, and deliver a ‘market-leading back-testing tool’, all aimed at furthering their mission to democratize access to finance.
2020 was an extraordinary year in crypto, with a torrent of investor money pouring into space like the proverbial flood. Through a “beginner-friendly” trading platform that “can seize the next market opportunity on your behalf”, CoinruleThe fast-growing user base has been able to take advantage of the upward gains, while its negative side has been protected by automating their trading and investments. The intuitive interface – which connects to all of the popular exchanges – gives users the tools and flexibility needed to execute any crypto trading strategy, without having to learn a single line of code.
How it started
Founded by entrepreneurs Oleg Giberstein, Gabriele Musella and Zdenek Hofler, Coinrule has come a long way since the three met at the Masschallenge Accelerator Program in 2017.
Compared to those early days, the company is almost unrecognizable. The team has successfully raised a seed round from the prestigious Hungarian Bank SME’s Fintech Lab, as well as from Zilliqa’s investment arm, ZilHive. A group of 13 experienced angel investors – including John Austin, former CSO of IG Index, Robin Bade, former CEO of Mirum WPP, Stelios Gerogianakis, Lead Engineer at Go Cardless, and Oliver Snoody, former Head of Brand Marketing at Twitter and VP Marketing at Deliveroo – joined this first round of funding and was soon followed by a coterie of impressive advisers, including none other than Dr Andrea Baronchelli, researcher at the prestigious UCL Center for Blockchain Technologies. With such an all-star team, the future does indeed look bright.
How are you
Coinrule recently closed an unusually successful round of investment through Seedrs, reaching 209% overfunding with approximately $ 700,000 raised from more than 670 individual investors. The mission to ‘return financial power to ordinary people’ and ‘democratize access to investment’ clearly fits Coinrule’s target audience and the technology-focused investor community.
This new capital injection should be used explicitly for 3 main purposes. First, Coinrule will be able to grow its highly international team – currently 13 employees across 7 time zones. Second, it will allow them to expand their “tradable assets” with tokenised stocks in addition to their current crypto-based offering, which should open the company to a new, multi-trillion dollar market. Third, it allows the team to release ‘the world’s simplest back-testing tool’ – allowing investors to easily compare trading strategies against historical data. A number of exciting and innovative features are on the long-term roadmap, including a ‘social marketplace’ that allows users to share strategies and copy / track the top performing traders.
The statistics speak for themselves
Coinrule already prides itself on turning a whopping 67% of its users’ money into profit. This is not the result of dark magic or creative accounting. Users have simply devised strategies – using templates provided in the app by Coinrule’s trading team, as well as users’ own tailor-made strategies – that protect their money on the way down and ensure they take profits on the way to above.
Active investing isn’t rocket science, even for normal people with limited time – as long as you have the right tools at hand. CoinruleThe new cash injection allows them to further develop their mission of delivering these tools to a much wider audience and help build the future of finance through intuitive, automated trading. As founder Gabriele Musella says, “The new financial world requires a level playing field between mainstream traders and hedge funds. Until that point is reached, we’re here to worry. ‘
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Coinrule is a beginner-friendly and secure trading platform that allows you to send automated trading instructions to your favorite exchanges such as Binance, Kraken, Coinbase and others. The intuitive interface gives you the tools and flexibility needed to execute any crypto trading plan, without having to learn a single line of code.
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