Coinfloor

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Coinfloor is a London-based Bitcoin exchange.[1] The company is focused on security, and employing procedures to deter money laundering amidst the lack of government regulation.[1] By allowing direct conversion between bitcoins and the British Pound (sterling), it also aims to reduce the inconvenience of a two-step conversion that people holding the sterling used to have to go through.[2] In October 2013, the company announced raising an undisclosed amount of venture capital funding from Passion Capital and Transferwise founder Taavet Hinrikus.[3] The start-up was founded by Mark Lamb and Amadeo Pellicce;[4] one of its team members is James McCarthy (aka Nefario) who was previously involved in Global Bitcoin Stock Exchange, which controversially shut down in October 2012.[3]

History[edit]

Coinfloor began opening accounts for European customers on October 29, 2013, and announced it would be open for trading on November 5, 2013.[1] The November 5 opening of trading was delayed due to technical problems, and on November 10, the company targeted a launch sometime later that week.[2] As of February 21, 2014, the company's website stated that their system was open only in a private beta test.[5] On 27 of March, 2014 Coinfloor re-launched.[6]

References[edit]

  1. ^ a b c Solon, Olivia (October 29, 2013). "London-based Bitcoin exchange Coinfloor opens for business". Wired. Retrieved January 22, 2014. 
  2. ^ a b Bown, Jessica (November 10, 2013). "Bitcoin exchange launch is delayed: Warning for investors in virtual currency". The Sunday Times. Retrieved January 22, 2014. 
  3. ^ a b O'Hear, Steve (October 29, 2013). "Coinfloor Is A New UK-Based Bitcoin Exchange Backed By Passion Capital And Transferwise Founder Taavet Hinrikus". TechCrunch. Archived from the original on October 30, 2013. Retrieved January 22, 2014. 
  4. ^ "UK bitcoin exchange Coinfloor opens for business". Coindesk. Archived from the original on January 9, 2014. 
  5. ^ "Coinfloor Limited". Coinfloor. Archived from the original on February 22, 2014. 
  6. ^ "UK Bitcoin Exchange Coinfloor Opens Registration, Incentivizes Early Adopters". Coindesk. Archived from the original on March 28, 2014. 

External links[edit]