Coinmetro Acquires Ignium to Expand its Blockchain-based Offerings

02/14/2023 10:22 • AI & Tech Insights • 128 views

It is reported that Coinmetro, the cryptocurrency exchange, announced on Tuesday that it will acquire Ignium, a blockchain-based social fund-raising platform. The statement said that Coinmetro had purchased 71% of Ignium’s shares as of February 3 and planned to purchase the remaining shares by the end of April. Coinmetro disclosed that the acquisition was worth 4 million euros ($4.3 million).

Coinmetro, a crypto exchange, bought Ignium, a social fund-raising platform, for US $4.3 million

Interpretation of the news:

Coinmetro, a popular cryptocurrency exchange, has recently made an announcement regarding its plans for expansion into the world of blockchain-based fundraising. On Tuesday, the company reported that it will be acquiring Ignium, a social fundraising platform based on the blockchain, for a sum of 4 million euros ($4.3 million). According to the statement released by Coinmetro, the acquisition was made on February 3, with 71% of Ignium’s shares being purchased by Coinmetro. The remaining shares are scheduled to be purchased by the end of April.

This acquisition can be seen as a positive move for Coinmetro, as it allows the company to increase its presence in the blockchain fundraising space. Since decentralization is at the core of blockchain technology, it can provide an ideal platform for raising funds in a transparent and trustworthy manner, which is often a challenge in traditional fundraising methods.

With Ignium’s expertise in blockchain-based fundraising, Coinmetro can leverage the social fundraising platform to provide its customers with a more versatile range of options for raising funds, from charities to start-ups. The acquisition also enhances the company’s ability to offer a broad range of blockchain-based services to its clientele, giving customers more power and choice when it comes to managing their funds.

Ignium’s social fundraising platform provides a safe and easy way for individuals and businesses to raise funds online. The platform is built on the Ethereum network, making it transparent, secure, and fraud-resistant. Investors who contribute to campaigns on Ignium also benefit from transparency, as they can track their investments on the blockchain, which reduces the likelihood of fraud or misuse of funds.

In summary, Coinmetro’s acquisition of Ignium marks a significant move towards expanding its blockchain-based offerings, particularly in the fundraising space. This acquisition presents an opportunity for Coinmetro to capitalize on Ignium’s expertise in social fundraising and improve its blockchain-based portfolio. As more companies realize the benefits of blockchain technology, this acquisition can serve as a sign of things to come, with more blockchain-based mergers and acquisitions to follow in the near future.

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Coinmetro Acquires Ignium to Expand its Blockchain-based Offerings

Coinmetro, a crypto exchange, bought Ignium, a social fund-raising platform, for US $4.3 million

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