French Crypto Platform Coinhouse Raises $17M to Fuel European Expansion

Crypto trading platform Coinhouse has raised 15 million euro (US$17 million) to drive European expansion beyond its native France.

• The Series B funding round was led by True Global Ventures and included a contribution from blockchain software company ConsenSys, Coinhouse announced in an email Tuesday.
• It plans to use the funds to increase its products on offer, enhance its corporate and institutional offering and expand its presence across Europe.
• Its aim is to become Europe's first "cryptobank," having recently taking a step in this direction by obtaining registration with Luxembourg's financial regulator, the CSSF.
• Coinhouse became the first crypto company to be registered with the Financial Markets Authority (AMF), France's top financial regulator, in April 2020.

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