Coinsilium Group Limited (NEX:COIN), the London-based blockchain venture investment fund, confirmed today that it has completed its investment of $75,000 in cryptocurrency social trading startup Coindash.
Like popular social trading services in the forex and CFDs space, the Coindash platform will enable cryptocurrency investors to manage and analyze their portfolios, share insights about the market and display achievements, as well as copy-trade and receive trading signals.
Eddy Travia, CEO of Coinsilium, stated: “We are delighted to be investing in Coindash at this early stage of its development. It represents an exciting proposition in the emerging Token space – the so-called Blockchain 2.0. We have been following the progress of Coindash since they won the prestigious Ether Camp hackathon at the end of 2016.
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Supporting Coindash at this stage is a further affirmation of Coinsilium’s determination to be an active and key player in the crypto token economy. We believe that the worldwide trading of cryptocurrencies will continue to grow at a fast pace and we are confident that the Coindash team has the right skillset to establish Coindash as the leading social trading platform of this new multi-billion-dollar market.”
Alon Muroch, CEO and co-founder of Coindash, stated: “We are very pleased to have Coinsilium join our seed round and look forward to their support and guidance. We are very proud to be part of Coinsilium’s portfolio of leading blockchain companies.
We believe that cryptocurrencies are becoming a new and pertinent asset class and we are working hard for Coindash to become the leading social trading platform in this fast expanding crypto asset market.”
Coindash’s current partners include CryptoCompare, Smith & Crown and RSK Labs. Coinsilium will receive an entitlement to an undisclosed number of Coindash tokens to be issued in the next few months.