Crypto Exchange Coinmetro Closed $7 Million Funding Round At $180 Million Valuation

Crypto trading platform Coinmetro has closed a $7 million funding round at a valuation of $180 million, with participation from three angel investors, as well as over 100 existing shareholders.

The funds raised will be used to further scale the business in the US, UK, and across Europe and to develop a range of passive income products to help clients compete in times of high inflation and interest rates.

Coinmetro founder and CEO Kevin Murcko stated:

“After a peculiar year for cryptocurrencies, as indeed for most currencies, we are expecting further volatility ahead, but there is growth to be had for those that understand the market dynamics and can see where the next phase of crypto’s evolution will come from.

We have no shortage of ideas and are looking forward to making them real for our growing community over the months and years to come. This latest funding round gives us the financial clout to do just that. It’s a testament to our vision that we have succeeded in doing so during a bear market.”

Coinmetro is an EU-licensed crypto platform offering fiat-crypto-fiat exchange services, crypto margin trading, copy trading, a digital securities marketplace, simple crypto swaps, crypto staking, and other forms of passive income.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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