PRESS RELEASE. Coinrule – a high-growth, automated trading platform based in London, UK – faces explosive growth in the coming months after it was announced that the latest round of investments for Seedrs secured more than 200% of its target and raised $ 700,000 at a valuation of $ 6 million. This funding will allow Coinrule to grow the team, expand into the fast growing tokenized stock trading market, and provide a “market leading backtesting tool” all aimed at advancing their mission of democratizing access to finance.
2020 was an extraordinary year in cryptography, with a torrent of investor money flowing into the room like the proverbial tide. With a “beginner-friendly” trading platform that “can seize the next market opportunity on your behalf,” Coinrule’s rapidly growing user base has benefited from the upside while protecting its drawbacks by automating their trading and investments. The intuitive interface, connected to all major exchanges, gives users the tools and flexibility needed to execute a crypto trading strategy without having to learn a single line of code.
How it started
Coinrule was founded by entrepreneurs Oleg Giberstein, Gabriele Musella and Zdenek Hofler and has come a long way since the three of them met at the Masschallenge Accelerator Program in 2017.
Compared to those early days, the company is almost unrecognizable. The team successfully collected a starting round at the Fintech Lab of the renowned Hungarian bank MKB and at Zilliqa’s investment arm, ZilHive. A group of 13 seasoned angel investors – including John Austin, former CSO of IG Index, Robin Bade, former CEO of Mirum WPP, Stelios Gerogianakis, Senior Engineer at Go Cardless, and Oliver Snoody, former Head of Brand Marketing at Twitter & VP of Marketing at Deliveroo – participated in this first round of funding and was soon followed by a group of formidable consultants including Dr. Andrea Baronchelli, research assistant at the renowned UCL Center for Blockchain Technologies. With an all-star team like this, the future looks very bright indeed.
How it goes
Coinrule recently completed an unusually successful round of investments through Seedrs, reaching an overfunding of 209%. Around USD 700,000 was raised by over 670 individual investors. The mission of “restoring financial power to ordinary people” and “democratizing access to investment” is well received by Coinrule’s millennial target audience and the tech-oriented investing community.
This new capital injection is expressly to be used for three main purposes. Firstly, it will allow Coinrule to expand its very international team – currently 13 employees in 7 time zones. Second, it will allow them to add token stocks to their “tradable assets” alongside their current crypto-based offering, which should open the company to a new multi-trillion dollar market. Third, it will allow the team to bring out “The World’s Easiest Backtesting Tool” that allows investors to easily compare trading strategies against historical data. There are a number of exciting and innovative features on the long-term roadmap, one of which is a “social marketplace” where users can exchange strategies and copy / track the best performing traders.
The statistics speak for themselves
Coinrule already prides itself on the fact that 67% of its users’ funds are profitable. This is not a result of dark magic or creative bookkeeping. Users simply have strategies – using templates provided by Coinrule’s trading team in the app, as well as user-defined strategies – that will protect their funds on the way down while ensuring they are on the way up Take profits.
Active investing isn’t rocket science, even for ordinary people with limited time – as long as you have the right tools on hand. Thanks to Coinrule’s new cash injection, they can further advance their mission of bringing these tools to a much wider audience and shape the future of finance through intuitive, automated trading. As founder Gabriele Musella says: “The new financial world requires a level playing field between regular traders and hedge funds. Until that point is reached, we are here to push. ‘
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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 like Binance, Kraken, Coinbase and others. The intuitive user interface gives you the tools and flexibility you need to execute a crypto trading plan without having to learn a single line of code.
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