Quick Take
Digital asset platform Coinchange secures $10 million in funding, led by key investors like G1.VC and Spirit Blockchain, to expand its unique Earn API services. Coinchange’s Earn API allows businesses to offer stablecoin yields while minimizing risks through decentralized strategies, potentially reshaping the DeFi landscape.
Coinchange, a digital asset platform known for its innovative Earn API, has raised $10 million in funding
Coinchange, a digital asset platform known for its innovative Earn API, has raised $10 million in a funding round led by prominent investors, including G1.VC, Spirit Blockchain, Good News Ventures, K2.CA, and Atoia Ventures, with additional participation from Mintfox. The capital infusion is set to drive the firm’s ambitious growth plans, enhance its existing product offerings, and attract new clients. Coinchange’s unique approach to yield farming in decentralized finance (DeFi) markets positions it to make a substantial impact on the financial landscape.
Coinchange’s flagship product, the Earn API, offers businesses the ability to provide their customers with opportunities to earn yields on stablecoins. Unlike traditional money market products, Coinchange’s Earn API is both reliable and compliant, delivering stable returns while minimizing risk.
What sets Coinchange apart is its commitment to decentralization; all assets are managed on the blockchain, eliminating the need for centralized counterparties for custody, trading, or lending and thereby mitigating counterparty risks for clients. API partners benefit from complete asset visibility and transparent reporting on how their holdings are managed. Coinchange’s yield optimization and risk management strategies further empower users to maximize their returns on crypto holdings. Beyond the Earn API, Coinchange also operates regulated and compliant brokerage services in the United States and Europe.
Maxim Galash, CEO of Coinchange, expressed the company’s mission, stating, “At Coinchange, we’re building the infrastructure to enable compliant access to DeFi and ultimately, bring Wall Street to Main Street! As part of our expansion plans with this funding, we’ll continue to improve our products and expand our clientele to provide the simplest and most secure ways to earn passive income on crypto holdings.”
“We believe DeFi has the power to reshape the global financial system by offering fast, cheap, and inclusive financial services to everyone with an internet connection,” Maxim said.
“In time, by growing our brand, we aim to have Earn API empower fintechs and exchanges to unlock yield-earning accounts for millions of users across the globe,” Maxim added.
Coinchange’s Earn API currently supports major stablecoins, Bitcoin (BTC), and Ethereum (ETH) for trading and yield generation. This innovative API integrates institutional-grade active stablecoin yield portfolios directly into fintech applications, offering numerous advantages, such as new revenue streams, improved customer retention and conversion rates, and enhanced regulatory compliance.
Albert Sheynzon, President of Coinchange, highlighted the platform’s ability to address the complexity of DeFi, saying, “DeFi remains very fragmented due to its complexity and the sheer number of applications operating in the space. After over three years of effort, Coinchange has addressed this hurdle with a platform that enables universal execution across multiple blockchains with data-driven strategies.”
“By leveraging machine learning sequencing of yield opportunities, we can provide real-time tracking, reporting, and computing for clients. This is transforming the way people think about their cryptocurrency holdings by enabling simple ways to earn passive, stable income. With over 500 business clients and growing, we believe we have the potential to become a leader in the crypto finance space, and we’re excited to accelerate our trajectory with this funding round,” he added.
Coinchange mentioned that it places a strong emphasis on security and risk management, collaborating closely with regulators to ensure compliance and trust. The company’s established framework for DeFi risk management, expert research, and real-time portfolio monitoring guarantees security regardless of market conditions.
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