Indian Bitcoin exchange Coinsecure raises over $1.2 million in Series A funding

Indian bitcoin exchange Coinsecure has announced that it has raised $1.2 million in a Series A funding round, which it expects to close soon.

Bitcoin and India seem to be a match made in heaven. As an emerging market combined with a disruptive financial ecosystem, Bitcoin has great potential. Various Bitcoin exchanges have sprung up across India, including Coinsecure. However, the cost of running a trading platform is not cheap, and financing is very necessary.

The Indian bitcoin exchange has been trying to raise a Series A round since January 2016. Things didn’t seem to be going well until the company recently announced that they had raised $1.2 million.

Mohit Kalra, CEO and founder of Coinsecure, said:

“India needs a strong application to get users started with Bitcoin. Coinsecure provides a Bitcoin solution for Indian merchants and users without volatility or conversion risk. The funds raised will be used to expand the company’s business scope in domestic and international markets. Coinsecure will also use the funds to further expand into global markets and introduce Ethereum and other blockchain innovations.”

About Coinsecure

Coinsecure is a leading Bitcoin exchange in India. It is the only ISO-certified Bitcoin business in India and provides Bitcoin wallets, exchanges, and business services. In addition, Coinsecure has a strong developer platform and offers a range of APIs. The company is headquartered in Delhi, with research and development in Bangalore.

Original text: http://www.newsbtc.com/2016/04 /18/indias-leading-bitcoin-exchange-coinsecure-raised-1-2-million-ongoing-fund-raising-campaign/
Author: Gola Yashu
Translation: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/coinsecure-raised-1-2-million)