Yerevan, Armenia: Leading cryptocurrency portfolio management platform CoinStats raises $1.2 million pre-seed round of funding from investors that include Imperii Partners as well as Stefan Cohen. Leading investors aim to support the platform’s rapidly growing 1 million monthly active users and future product development as cryptocurrency asset class matures.
The capital will be used to build new features that will ensure more accessibility and convenience in managing cryptocurrency assets for its nearly 1 million monthly active user base. The CoinStats team plans to enhance existing products and services that include building a dedicated CoinStats wallet and trading capabilities for its community.
“As digital currencies mature, people will want to not only track their assets and wealth with just a few clicks from their mobile devices, but also trade from all their accounts and wallets in one place” said Narek Gevorgyan, founder and CEO of CoinStats. “CoinStats aims to show how easy it can be to manage digital assets in real time”
“CoinStats offers impactful tools that are easy to use, and global crypto investors and traders are onboarding in droves. We are excited to support the team in this next phase of growth” said Tony Scuderi, CEO of Imperii Partners.
Stefan Cohen added: “The existing financial infrastructure has been inefficient and expensive for users looking to monitor their digital asset holdings. With CoinStats, both experienced and novice investors will be able to view, track, and trade their crypto assets all in one place.”
As the cryptocurrency industry matures over the course of the next decade, retail investors will seek ways to securely and conveniently manage their digital assets in real time and all in one place, as they would for their traditional assets. CoinStats has within five years accrued a base of one million monthly active users and aims to rapidly expand over the course of the next year.
Founded in 2017, CoinStats is a free Bitcoin and cryptocurrency portfolio tracking app. It provides 1 million monthly active users the ability to view and track their cryptocurrency holdings in real time from over 300 exchange and wallet providers all in one place. CoinStats tracks Bitcoin, Ethereum, Litecoin and 7,000 additional cryptocurrencies.