Wall Street Journal reported that CoinList raised around $10 million in a new funding round led by Polychain Capital and Twitter CEO Jack Dorsey also invested in the startup. CEO said that the crypto needs a trustworthy platform for launching new projects, and CoinList leads the industry in that role, and trading is a logical next step for the company.
CoinList was launched in 2017 in San Francisco, California, United States. According to Crunchbase data, the startup so far has raised $19.2 million. It is not revealed how much money Twitter CEO has invested in the project.
With this capital raised, CoiList looks to launch a crypto exchange, crypto wallet, among other services. Twitter CEO has been a long advocate for bitcoin, and this is the first time he has invested in such a product. Dorsey also launched a separate cryptocurrency unit, Square Crypto, earlier this year.