Crypto trading platform Coinrule secured $2.2 million in Seed Funding

Coinrule, a UK-based fintech startup that offers retail and individual cryptocurrency investors an automated crypto trading platform for their assets, has now secured $2.2 million in funding, reports Forbes.

Coinrule is founded by the Gabriele Musella, Oleg Giberstein and Zdeněk Höfler in the year 2018. The crypto startup enables cryptocurrency investors to create and test automated trading strategies for their assets to benefit from market opportunities but also to protect them against adverse events. 

Moreover, the crypto startup offers algorithmic trading without having to learn a single line of code and has already integrated the offering with the global crypto exchanges, which includes Bitstamp, Coinbase, Binance, and Kraken, among others.

Gabriele Musella, one of Coinrule’s cofounders, said, "This is about addressing inequality, because 90% of the crypto market is controlled by the big investment banks and hedge funds. We want to put normal people on a level playing field—to give them the opportunity to implement the same strategies and to learn as they invest."

The Twitch founder Kevin Lin and Fitbit founder James Park led the latest funding round. Other participating investors include Urban Innovation Fund, NZVC, Startup Leadership Program, NV Ventures, YC Alums Fund, Christophe Lassuyt, Robin Bade, and Dan Scrafe.

The crypto startup, which has also joined the YCombinator S21 cohort, as of now plans to use newly raised funds to expand operations and its business outreach.