Crypto investment platform smashes Seedrs target by almost double

A tech firm that aims to enable users to automate crypto investments across multiple platforms has exceeded its crowdfunding target by 192 per cent.

Coinrule set out to raise £250k in its crowdfunding campaign on equity platform Seedrs, but has so far raised over £480k.

Coinrule gives investors access to algorithmic trading, aiming to make crypto investing inclusive and accessible. The film plans to use the funding to enhance its existing offering.

Gabriele Musella, co-founder of Coinrule, commented: “Our users have backed us from the beginning helping to make Coinrule into what it is today. The money will be used to fund our growth and add new functionality to the platform.

“Hobby traders are on the increase, and day trading is no longer restricted to the professionals in the city.

“Today, millennials make up 58 per cent of online traders and over 75 per cent of cryptocurrency traders - whether that is Bitcoin, Ethereum, Polkadot or any of the other, nearly, 7000 cryptocurrencies that currently exist.”