Introduction
CoinStats is the best free app for keeping track of your Bitcoin and cryptocurrency portfolio. Follow the price changes of Bitcoin, Ethereum, Litecoin, and more than 7,000 other cryptocurrencies on more than 250 exchanges.
Use your local currency and set up your favorite exchanges and wallets to instantly sync with your CoinStats portfolio so you don’t have to add your transactions by hand. View everything in real-time by using the app.
CoinStats, a popular cryptocurrency portfolio manager, has raised $3.2 million from well-known investors as part of a shift to give its 1.2 million regular users access to decentralized finance (DeFi) use cases.
CoinStats
CoinStats is the best coin portfolio manager you can get. Because it works with most wallets and platforms, it is a simple tool to keep track of all your DeFi and cryptocurrency in one place.
It is the owner of a stock tracking tool for crypto money that aims to meet all of your crypto money needs. The company’s technology lets customers quickly sync their local currency, exchanges, and wallets with their portfolio while seeing and tracking cryptocurrencies in real-time.
Products and Services from CoinStats
It is the most well-known portfolio manager for cryptocurrency. Since it works with most wallets and exchanges, it is an easy way to keep track of all of your DeFi and cryptocurrency in one place.
Along with keeping track of your cryptocurrency holdings, you may trade on CoinStats immediately. With this Wallet, you may change your favorite currencies and tokens without going to multiple exchanges. You may also get a % annual yield (APY) of up to 20% on your DeFi and Bitcoin holdings.
We offer statistics about your portfolio’s general performance (PnL, Net Worth) and helpful information about the cryptocurrency market. Check out the most current news stories chosen just for you as well. It gives you a broad look at the cryptocurrency industry to stay current.
One million people use it monthly to view and handle their cryptocurrency holdings from more than 300 exchange and wallet providers in real time.
Funding and Investors for CoinStats
CoinStats recently got $1.2 million in a pre-seed investment round from investors like Imperii Capital, Stefan Cohen, and Jonathan Weiner.
- The increase comes after a fantastic 2021 for CoinStats. Its user base grew eight times to reach 1.2 million monthly active users and track $500 billion in assets, of which $20 billion are guaranteed to exist through synchronized exchange accounts.
- In 2021, CoinStats saw a six-fold increase in sales, which set the company up to start a new product line in 2022.
- The platform will use its power and ability to bring in users to offer its customers integrated DeFi options.
- It raised $4.4 million in two rounds.
- CoinStats closed a $3.2 million Seed VC investment round on April 11, 2022.
- This has five investors. 6th Man Ventures helped CoinStats raise money during its Seed VC fundraising round.
- CoinStats is getting close to being the only tool people will need to learn about the always-changing world of crypto and DeFi. The app already manages more than $500 billion in cryptocurrency.
Problems CoinStats Had to Face
Now that the deal for Bitgo to buy Prime Trust fell through, crypto businesses that worked with the custodian are having issues. Seattle-based financial company Stably said Thursday that it had to “temporarily stop” some services and operations. Strike, a Bitcoin payment network, is reportedly experiencing issues and has allegedly stopped accepting direct transfers.
On June 27, Nevada’s Financial Institutions Division (FID) took over Prime Trust and closed it down. Also, it was said that the government is working hard to find a receiver. More documents show that Prime Trust is having liquidity issues.
The FID’s receivership statement says that the custodian only has $3 million, even though it owes customers about $85 million in fiat. At the same time, the company owed customers $69.5 million in cryptocurrency and had $68.6 million in cryptocurrency assets when it filed for receivership. Top cryptocurrency exchanges and service companies like Binance.US and FTX once used Prime Trust’s services.
Plan for CoinStats’s Future
Since it changes quickly, community members sometimes must catch up on helpful features and ways to talk. Thanks to the launch of CoinStats Rewards, you can now win prizes for exploring CoinStats in all its splendor.
The future of CoinStats is full of new choices for small investors and traders who like to make decisions based on data. At some point in 2022, we want to release the incredibly user-friendly DeFi Earning, a combined NFT market, this Launchpad, and start giving personalized investment advice. When we add more DeFi services in Q1, we expect users to grow by at least five times.
