Crypto Exchange Edge Launches Funding Program, Aims at Maximum of $2 Million
Non-custodial crypto exchange and wallet services provider Edge has launched its maiden funding campaign. The Series A funding is set for a maximum goal of $2 million. The initial round of funding is being headed by BitMEX Ventures, BnkToTheFuture, and Fenbushi Capital.
In its official announcement, Edge had invited eligible investors from the Non-United States and it will invite US investors in late September, to invest a minimum of $1,000 via the fundraising platform of BnkToTheFuture. These investors will be able to participate in the funding from as early as September.
While commenting about the Series A funding campaign launch, Edge CEO, Paul Puey said,
Since the start of this year Edge has added a unique blockchain, five new exchanges for added liquidity, as well as launched various fiat integrations and after this funding round our top priority is to continue to integrate fiat-to-crypto exchanges in every possible jurisdiction. We have a robust roadmap ahead of us and are thrilled to have the added funding resources to meet our goal of becoming a global on-and-off ramp for crypto with no regulatory or banking relationship burden.
Edge is a multi-chain crypto exchange, founded in 2014, which allows users to trade, buy, and sell digital tokens through its smartphone application. The exchange also offers wallet services through the app, which users to store their cryptocurrencies as well. As of date the platform has support for well-known projects only, which are Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Ethereum (ETH), Litecoin (LTC), Feathercoin (FTC), Zcoin (XZC), Monero (XMR), and Ripple (XRP).
The platform supporting Edge’s funding round, BnkToTheFuture, is the largest digital investment platform for investing in crypto projects. The platform had also partnered with Edge in 2016 for raising funds utilized for improving usability, and creating a new trading application. BnkToTheFuture CEO Simon Dixon stated that despite August being a quiet month for investments predominantly, Edge had passed their minimum funding goal on the day they went live on the network. However, the minimum amount kept as the base was not revealed.