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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.