Coinsecure, the leading Indian Bitcoin trading platform, has announced that it has secured $1.2 million as part of its ongoing ‘Series A’ investment round, opened in January this year.

The funding round is expected to be closed soon and upon completion, the company has plans to enter the Blockchain based enterprise solutions domain. Mohit Kalra, the Founder and CEO of Coinsecure, said:

“The funds raised by the company will be used to expand the company’s reach in both domestic and international markets. Coinsecure will also be using these funds to further explore global markets and to introduce Ethereum and other Blockchain innovations.”

Founded in July 2014 by Mohit Kalra and Benson Samuel, Coinsecure launched its Bitcoin exchange on January 1, 2015. The concept of cryptocurrency is very new in India and the company has been working on bringing legitimacy to this emerging technology. Coinsecure started off with the mission of “Connecting India to Bitcoin” and is now gradually shifting towards “Building the Bitcoin and Blockchain Ecosystem in India”.

“The coming years are all about improving our products, building new ones, and providing enterprise Blockchain solutions, to address some key pain points in the crypto space”, said Benson Samuel, the CTO and Cofounder of Coinsecure.

Samuel has a clear vision about further innovation involving Blockchain technology in various industries including the banking and manufacturing sectors apart from others.

Coinsecure offers an algorithmic trading Bitcoin exchange, a Blockchain explorer, full free API’s for all their Products, a mock trading platform for users to try trading without real money, On-Chain and Off-Chain wallet services and has a number of integrations with global partners including Netki.

Coinsecure has solidified its footing in the Bitcoin ecosystem with the highest liquidity and volumes compared to all the other Bitcoin exchanges and brokerages in India, while maintaining fully transparent and open order books, with records starting from the very first trade on the platform dating back to January 6, 2015. It claims to be consistently handling over 3000 BTCs a month in terms of volume and has shown increasing volumes every month since they started operations.