# Currency Com Bel Limited Liability Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/currency-com-bel-limited-liability-company

- Industry: Financial Services
- Headquarters: Minsk, Belarus
- Website: www.currency.com
- Total disclosed funding: $8M
- Latest round: Series A (Jan 15, 2019)
- Investors on record: 2

## About

Currency.com is a regulated cryptocurrency exchange that facilitates secure buying, selling, and management of various cryptocurrencies, catering to investors through a user-friendly platform.Currency Com Bel Limited Liability Company operates a cryptocurrency exchange that allows users to trade a variety of digital assets. Founded in Minsk, Belarus, the company has attracted attention for its innovative approach to cryptocurrency trading. The most recent funding round occurred on January 15, 2019, when the company raised USD 8 mn in Series A funding from investors Larnabel Ventures and VP Capital, which contributed to the total amount raised of USD 8 mn. The company is led by CEOs Sabrena Kincaid and Steve Gregory.Currency.com operates a regulated cryptocurrency exchange that enables users to securely buy, sell, and manage a diverse range of cryptocurrencies using bank accounts or credit cards. The platform supports popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple, among others, and offers fiat-to-crypto transactions, catering to both novice and seasoned investors. Customers can create personal crypto wallets and engage in instant transactions, benefiting from real-time exchange rates and maximum liquidity. The company targets a broad geographical market, supporting operations in over 100 countries, including key jurisdictions like the United States and various European member states. The exchange is designed to meet the needs of individual investors, institutional clients, and legal entities, ensuring compliance with local regulations while promoting ease of access to the cryptocurrency market.Currency.com generates revenue through transaction fees associated with the buying and selling of cryptocurrencies on its platform. The revenue structure is primarily based on a fee-for-service model, where users pay a percentage of the transaction value for trades executed on the exchange. By offering features such as multicurrency support and high liquidity, the platform attracts a wide array of clients, including individual investors and institutional traders. The exchange typically employs a straightforward fee structure that scales with transaction size, ensuring competitive rates for users. The company's flagship services include the ability to trade multiple cryptocurrencies seamlessly, thereby enhancing the overall trading experience for its clientele.Currency.com aims to leverage its recent Series A funding of USD 8 mn raised in January 2019 to enhance its platform and expand its product offerings. The company is focused on launching new features to improve user experience and facilitate further trading capabilities. Additionally, Currency.com is exploring opportunities to enter new markets, specifically targeting regions in Asia and Africa for expansion by 2025. The funding will support these initiatives, allowing the company to scale operations and broaden its reach in the evolving cryptocurrency landscape.

## Funding rounds

- Series A, Jan 15, 2019, $8M — VP Capital, Larnabel Ventures

## Investors

- VP Capital (https://capitalatlas.ai/funds/vp-capital) — Series A
- Larnabel Ventures (https://capitalatlas.ai/funds/larnabel-ventures) — Series A