The crypto ecosystem began to grow and expand with the investments it received. Many crypto companies continue to increase their valuation with investment rounds. This time, crypto tax platform KoinX received an investment of $ 1.5 million.
KoinX Receives $1.5 Million Investment
Crypto tax platform KoinX plans to expand its operations across India to serve over 500,000 crypto investors in the second quarter of 2022.
KoinX has raised $1.5 million in a seed funding round from iSeed Fund, KubeVC, Ratio Ventures, Tykhe Block Ventures, 1947 Rise, and WeFounders Circle. In addition, several industry leaders such as Netflix, Bain Capital, Robinhood, and Amazon participated in the tour.
KoinX Founder Punit Agarwal made the following statements on the subject:
We ensure that our users’ identities and other information are protected with advanced encryption techniques, built on secure protocols on our platform. We are proud to be an Indian product made by highly skilled engineers and industry experts who have carefully understood users’ pain points and have taken great care to alleviate those pain points.
Also, to remind you that digital asset platform FalconX had recently received an investment of 150 million dollars. With the investment, the company’s valuation rose from $3.75 billion to $8 billion.
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