Based in London, CoinBurp is a fully functioning CeFi platform that is building an Ethereum-based wallet. Through its wallet, CoinBurp’s users will have exposure to the NFT market, the company’s Raffle partnership to win exclusive variable-rarity NFTs, and $BURP token staking opportunity.
Coinbase for NFTs
The platform recently raised $6M in private raise, which will help it build ‘Coinbase for NFTs’ –– custodian NFT-first crypto wallet that will connect DeFi and CeFi worlds through dCommerce, exchanges ,and lending & saving providers.
CoinBurp wallet, integrated with all major open NFT marketplaces and its own NFT loyalty program will allow buying NFT with fiat. NFT holders will be rewarded with variable rarity NFTs and preferred terms.
The latest funding round includes investors like Morningstar Ventures, NGC Ventures, Alphabit, Moonrock Capital, and many others.
Incubated by none other than Outlier Ventures, CoinBurp also has a huge list of prominent investors, partners, and supporters. The company has already successfully launched two pre-IDO campaigns through Launchpool and Genesis Shards.
The recent funding also provides the opportunity to hold Initial Exchange Offering (IEO) and Initial DEX Offering (IDO) in the future, accelerate CoinBurp’s development of services making DeFi and NFT products attractive to new users and helping them transition from CeFi to DeFi.
Coming so far
According to TrustPilot, CoinBurp is a number one trading platform in the United Kingdom, available throughout Europe and offering GBP and EUR support.
Founded in 2018, the platform has reached 35,000 users and £25 million in revenue, with 573% growth in trading volume last year alone.
The team, supervised by prominent advisers from former eToro MD, CEO of Boson Protocol, and many others, started with only 15 people and was able to grow to 45 people.
CoinBurp is now available on the Android and iOS stores. While the main CoinBurp products are currently in alpha, the utility and governance $BURP token will be launched later this month.
Bright future
The main focus of the trading platform is becoming a provider in the world of DeFi through CeFi, tackling potential users concerns about the uncertain world of crypto, or, as the platform itself calls it, a “seamless gateway between cryptocurrency, CeFi, DeFi and Non-Fungible Tokens (NFTs).”
CoinBurp’sother goals for this year include introducing GBP/EUR custody and bank transfer payment options, OpenSea NFT marketplace integration, and insured custodial and non-custodial wallets.
This month alone, the trading platform will make the $BURP token publicly available on IEO/IDO platforms, which allows staking the tokens to unlock NFT Raffle tickets, done in partnership with NFT Boxes, AvaStars, and The Sandbox.
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