Cryptocurrency exchange Coinmetro has successfully raised $7 million in a round with the support of three angel investors and hundreds of shareholders.

After the financing, the company’s valuation tripled to $180 million.

Last year, the company was valued at $60 million

Founded in Estonia in 2018, Coinmetro is an EU-licensed cryptocurrency exchange.

The cryptocurrency exchange also has regulatory registrations in the United States, Canada and Australia.

The company plans to use the new capital to expand its business in the US, UK and Europe with the introduction of a series of passive income products.

Coinmetro CEO Kevin Murko said:

We have no shortage of ideas and look forward to making them a reality for our growing community in the coming months and years.

According to Crunchbase, crypto startup Coinmetro has raised a total of $18 million to date.

The company then plans to fund Series A in early 2023.

In the third quarter, the average funding size for Series I seed rounds and primary rounds was $6.5 million.

Digital currency XCM, the original digital currency of the trading platform “CoinMetro”, was positively affected by the success of the last funding round, as it recorded an increase of about 1%.

It can be a digital currency XCM A successful future, as for other digital currencies of trading platforms, especially if the development plans are adhered to and remains at a steady and constant pace of construction and growth.

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