Coinfloor is a London-based Bitcoin exchange. The company is focused on security, and employing procedures to deter money laundering amidst the lack of government regulation. 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. In October 2013, the company announced raising an undisclosed amount of venture capital funding from Passion Capital and Transferwise founder Taavet Hinrikus. The start-up was founded by Mark Lamb and Amadeo Pellicce; 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.
Coinfloor began opening accounts for European customers on October 29, 2013, and announced it would be open for trading on November 5, 2013. 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. As of February 21, 2014, the company's website stated that their system was open only in a private beta test. On 27 of March, 2014 Coinfloor re-launched.
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