French Crypto Platform Coinhouse Raises $17M to Fuel European Expansion
Crypto trading platform Coinhouse has raised €15 million ($17 million) to drive European expansion beyond its native France.
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The Series B funding round was led by True Global Ventures and included a contribution from blockchain software company ConsenSys, Coinhouse announced in an email Tuesday.
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It plans to use the funds to increase its products on offer, enhance its corporate and institutional offering and expand its presence across Europe.
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Its aim is to become Europe's first "cryptobank," having recently taking a step in this direction by obtaining registration with Luxembourg's financial regulator, the CSSF.
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Coinhouse became the first crypto company to be registered with the Financial Markets Authority (AMF), France's top financial regulator, in April 2020.
