India based bitcoin exchange Coinsecure has just announced that they have secured a Series A investment round for $1.2m.
The company opened the fund-raising round earlier in January this year and expects to close the round soon. Upon the completion of the ‘Series A’ round, the company has plans to enter the Blockchain based enterprise solutions domain.
Coinsecure offers an algorithmic trading bitcoin exchange, a blockchain explorer, full free API’s for all their products, a mock trading platform for users to try trading without real money, on-chain and off-chain wallet services and has a number of integrations with global partners including Netki.
“The coming years are all about improving our products, building new ones, and providing enterprise Blockchain solutions, to address some key pain points in the crypto space.” says Benson Samuel, the CTO and Co – Founder of Coinsecure.
According to a company update, Coinsecure said that they are now consistently handling over 3000 BTC a month in bitcoin trading volume. Another up and coming exchange in India lately has been Unocoin, who received a $250k investment in the past from Barry Silbert.