cryptoknowmics.com
Coinmetro, a digital currency exchange, reported raising 7 million euros ($7 million) in a fundraising round that put a 180 million euro valuation on the firm. Coinmetro said it intended to utilize the funding to expand operations in the United States, the United Kingdom, and Europe. Additionally, it is creating several residual income products to assist clients during the rise of interest rates and inflation rates.
Series A Investment Round
According to the company, the interim capital round serves as a warm-up for a Series A deal scheduled for the first quarter of 2023. Over 100 current stockholders and three angel investors helped raise the money. Kevin Murcko, the creator, and CEO stated that after an unusual year for cryptocurrencies, as for most currencies, the company is anticipating greater volatility ahead. However, there is development to be gained for those who comprehend the market structure and can predict where the next stage of the growth of cryptocurrencies will emerge.
Coinmetro to Apply for License in UK
Coinmetro was established in Tallinn, Estonia, in 2018. It is licensed with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Australian authorities, the Financial Crimes Enforcement Network (FinCEN) in the United States, and the FIU in Estonia. According to a business spokeswoman, it is now applying for a license in the United Kingdom.