Bitcoin trading platform Coinigy raises $400,000 to develop an upgraded version of the Bitcoin trading platform

Rage Review : US startup Coinigy has raised $400,000 in seed round financing, which will be used to hire other developers to develop an upgraded Bitcoin trading platform. Coinigy's platform allows users to trade digital currencies on multiple platforms and collect price information from a large number of Bitcoin and other digital currency services. The current plan is to develop a more comprehensive data resource and trading capabilities, and want to attract small institutional investors.

Translation: Nicole

Coinigy has raised $400,000 in a seed round of funding to develop an upgraded version of its bitcoin trading platform.

More than a year after raising $100,000 for a company that provides traders with real-time leaderboards, news feeds and technical indicators, US startup Coinigy has raised another $400,000 in funding. The startup said the new round of funding came from an undisclosed angel investor.

The funds will be used to hire additional developers, a move that Coinigy head of business development Derek Urben believes will help drive the development of version 2.0 of the bitcoin exchange platform.

Derek Urben

“I think our biggest problem right now, and the one that needs to be solved right now, is that we don’t have enough people typing in code, and we don’t have enough people in the organization to upgrade the platform,” Urben told CoinDesk.

Currently, Coinigy’s platform allows users to trade digital currencies on multiple platforms, collecting price information from a large number of Bitcoin and other digital currency services. The current plan is to develop a more comprehensive data resource and trading capabilities, while also working to attract small institutional investors.

Urben said the startup hopes to grow its subscription-based membership model and is looking to attract traders outside of major financial centers such as New York and London.