Crypto Exchange Coinmetro Eyes US, Europe Expansion With $7M Funding Round

Nov 07,2022
KingData News: Digital currency exchange Coinmetro raised 7 million euros ($7 million) in a funding round that valued the business at 180 million euros. Coinmetro said it plans to use the capital to scale up its operations in the U.S., U.K. and Europe. Investors: The funds were raised from three angel investors and over 100 existing shareholders. Project Info: Coinmetro was founded in 2018 in Tallinn, Estonia. It is regulated by the FIU in Estonia and is registered with the Financial Crimes Enforcement Network (FinCEN) in the U.S., Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and Australian regulators. It is in the process of applying for a U.K. license, according to a company spokesperson.
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