CoinBurp, London-based cryptocurrency broker, has raised $6m in a bid to build a “Coinbase for Non-Fungible Tokens” within their ecosystem.
LONDON, UK / ACCESSWIRE / July 23, 2021 / According to research, the global cryptocurrency market cap is estimated at $1.32T based on traffic, liquidity, trading volume and other indicators.While the cryptosphere is unlocking innovative opportunities for traders as it disrupts institutional banking, there is the urgent demand to create next-generation platforms that allow crypto enthusiasts to easily understand, invest, and acquire digital assets and currencies.
Despite the fact that centralized exchanges have experienced significant growth over the years, they have, however, failed to offer noteworthy value to traders within the space. Due to this factor, investors are looking for ways to tap into honey pot DeFi innovations such as NFTs – which are rapidly becoming the most explosive crypto trend.
A new blockchain technological innovation has emerged to address these issues, by serving as a bridge connecting Centralized Finance users to the world of Decentralized Finance, as well as offering better user experience for online traders. Through pioneering this, online traders are exposed to a world where possibilities are limitless.
CoinBurp is the game changer. It’s a cryptocurrency platform founded in 2018 and based in the United Kingdom. According to Trustpilot, it is ranked as the number one trading platform in the United Kingdom.
Coinburp aims to transform the false impression that only the tech-savvy young and strong-willed can thrive in the cryptocurrency space. So, they created a distinctive user-friendly platform that can be accessed by everyone.
Innovative in its approach, CoinBurp is bridging the gap between CeFi (Centralized Finance) and DeFi (Decentralized Finance). This is acheived by allowing users to get in and out of DeFi, trade with ease, stake for rewards and earn uniquely. This is supported by a functional utility governance token, $BURP.
In light of new developments, Coinburp decided to build the “Coinbase for NFTs”. Promptly, funds have been raised for the new project and as of May 2021, approximately $2m funding has been allocated to the company. The contributions were led by notable investors Moonrock Capital and Alphabit.
Alphabit CEO, Liam Robertson exclaimed;
What exactly does CoinBurp Offer?
Until now, Coinburp has raised a total of $6m towards the project in order to build a “CoinBase for NFTs”. Building this product means that Coinburp – as a regulated broker – will have NFTs listed on the market and can be made available for investors in large and small quantities. This allows the platform to have access to more users that wish to transact in buying, selling, trading and using NFTs.
Evidently, when there is high…
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