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

Crypto trading platform Coinhouse has raised €15 million ($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.

Read more: Binance Funds $116M Initiative to Grow French Crypto Ecosystem