Coinfloor
Coinfloor: Pioneering Bitcoin Exchange and Marketplace
Coinfloor, a London-based bitcoin exchange, was established in early 2013, making it one of the UK’s first platforms for cryptocurrency trading. The exchange has been a trailblazer in the industry, introducing innovative solutions to enhance the accessibility and convenience of bitcoin transactions.
Coinfloor Market: A Peer-to-Peer Bitcoin Marketplace
Coinfloor made history by launching “Coinfloor Market,” the first exchange-backed Peer-to-Peer marketplace for bitcoin. This platform connects vetted brokers with investors and consumers seeking to purchase bitcoin. Through a seamless process, buyers can directly transfer funds to brokers using local UK bank transfers, simplifying the transaction experience.
Innovative Features
The exchange introduced a sophisticated algorithmic rounding engine for fee calculation, setting a new standard in the industry. Additionally, Coinfloor became the first exchange to offer direct conversion between bitcoin and the British Pound (Sterling). This eliminated the cumbersome two-step process previously required for Sterling holders, making cryptocurrency transactions more efficient and user-friendly.
Venture Capital Backing
In October 2013, Coinfloor secured an undisclosed amount of venture capital funding. The investment came from Passion Capital and Taavet Hinrikus, the co-founder of TransferWise and the first employee at Skype. This backing underscored confidence in Coinfloor’s potential to innovate and lead in the evolving cryptocurrency market.
A Legacy of Innovation
Coinfloor’s efforts have significantly contributed to the adoption and growth of cryptocurrency trading in the UK. By addressing key challenges like transaction inefficiencies and trust in the marketplace, Coinfloor remains a pivotal player in the bitcoin ecosystem.
Contact Info
- support@coinfloor.co.uk
- coinfloor.co.uk
- London, England, United Kingdom
