Coinigy, a U.S. based company, has announced that it has raised $400K in a funding from a single investor which will be put towards hiring additional developers to update its bitcoin trading platform to create a multiple featured, truly polished product apart from the ones Coinigy already provides.
According to the official release, the new source of funding comes from a single undisclosed angel investor and enable the company to further proceed in its vision of being one-stop shop for all cryptocurrency trading and analysis needs.
"I guess the biggest problem we have, which is a really good problem to have, is that we just quite literally don’t have enough hands to type up the code and enough bodies to do all this work," Coinigy business development lead Derek Urben told CoinDesk.com.
The company sees the funding more than a year after it reportedly raised $100,000 in order to develop its bitcoin and cryptocurrency trading tools.
Urben said that Coinigy plans to grow its membership model which is subscription-based and is hoping to attract traders outside New York, London and other major financial hubs, CoinDesk reported.
Coinigy brings Bitcoin and Cryptocurrency investment to the masses. Combining powerful tools for both the casual investor and die-hard day-trader, it simplifies the process to open a brokerage account and tap into the cryptocurrency markets for anyone.
