Token Listing Platform and Cryptocurrency Exchange CoinList Raised $100mil In A Series A Funding Round

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coinlist cryptocurrency exchange
  • New funding from CoinList has brought the company’s valuation up to $1.5 billion.
  • CEO Graham Jenkin told The Block that the firm is expanding its team of 75 and scaling its operations.

CoinList, a cryptocurrency exchange that lists tokens, has raised $100 million in a Series A funding round. The move increases the company’s valuation to $1.5 billion.

Complicate Venture Capital and Agman Partners led the round of funding, along with Alphemy Capital, Taavet+Sten, Continue Capital, CMT Digital, DFG Capital Management, Fenbushi Capital, GoldenTree Asset Management, and Metaplanet.

According to CoinList CEO Graham Jenkin, Agman’s founder and CEO Scott Silverman is joining the board as part of the deal.

CoinList Helps Companies List Their Tokens On Their Cryptocurrency Exchange

CoinList gives users access to liquidity and a community of knowledgeable buyers.

They also help you get your tokens listed on other global exchanges. The company’s valuation was previously $1 billion.

Since its founding in 2017, CoinList has offered crypto projects a platform to list new tokens and raise funds from the public. Among its notable projects include Solana, Dapper Labs, and Filecoin.CoinList also launched CoinList Pro, a cryptocurrency exchange with custody and staking services, last year.

CoinList’s growth has been fuelled by a dramatic increase in the number and quality of new token launches in the crypto space in the last year, according to Jenkin. According to him, CoinList raised new funds in order to scale its engineering systems and operations.

CoinList currently has 75 employees, and Jenkin hopes to double that number by the end of the year in order to scale operations.

By providing products like Governance and Karma, we’ll help crypto protocols innovate quickly, build their communities, and drive adoption in the space. CoinList Governance motivates token holders to vote for protocols, and CoinList Karma encourages community members to grow protocols, said Jenkin.

According to Jenkin, CoinList now has over 5 million registered users, including CoinList Pro users. The service is global, but says Asia, Europe, and the Middle East have seen the most growth in the past year. 

CoinList’s Exchange On Track To Reach $1 Billion in Monthly Trading Volume In 2021

The company disclosed that its exchange has increased its monthly trading volume to $1 billion in 2021, and its staked assets now total $2.6 billion, with more than $130 million in staking rewards distributed thus far.

According to CoinList, its lending services have facilitated more than $370 million in loans so far this year.Including this Series A round, CoinList has raised $120 million to date. It last raised funds in April 2018. The company won’t look to raise money for at least 18 months, he said, adding that CoinList is profitable and may not raise money again.

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Chris Munch

Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.