Coinrule Analysis: $700K Raised
What is Coinrule?
Coinrule is a no-code automated trading platform for crypto, stocks, ETFs, and onchain markets. Users build rule-based strategies, backtest them on historical data, and deploy bots across connected exchanges and brokers. The company says users have created more than 1,395,960 strategies and that it supports 20-plus trading partners.
Location
1 Coldbath Square, Clerkenwell, London, England, EC1R 5HL, United Kingdom
Employees
11-50
Founded
2018
Revenue
$2.2-2.4M
Business Model
Subscription-based revenue model with tiered pricing based on trading volume.
Product Features & Capabilities
- Create automated trading bots, follow smart investors, set custom automated trades, test rule performance on historical data, choose among 250+ rules or build your own, securely trade across exchanges, create rules based on popular indicators, manage volatility, multiple pricing plans including free, hobbyist, trader, pro, and business options.
Pricing
- Free: Cost Only Free
- Hobbyist: $29.99 /m, Cost Only 0.02% of traded volume
- Trader: $59.99 /m, Cost Only 0.02% of traded volume
- Pro: $449.99 /m, Cost Only 0.02% of traded volume
- Business: Cost Only Business Rates
How much Coinrule raised
1 - $700,000
January 21, 2021Lead Investor: MKB Bank and two Angel Investors
Who are the founders of Coinrule
Market Focus
Coinrule primarily focuses on the cryptocurrency trading industry, specifically providing an automated trading platform that enables users to create trading bots and set custom trading rules.
Competitors Overview
Coinrule operates in the automated cryptocurrency trading market, facing competition from several notable platforms:
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CryptoHopper: This platform allows users to create trading bots and offers a marketplace for trading strategies. Notable advantages include a user-friendly interface and a wide range of integrations with various exchanges. CryptoHopper also provides backtesting features, which can help users optimize their strategies before live trading.
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TradeSanta: TradeSanta is another automated trading platform that focuses on simplicity and ease of use. It offers a cloud-based solution, allowing users to trade 24/7 without needing to keep their devices running. TradeSanta's notable feature is its pre-configured trading bots, which can be set up quickly for users who may not have extensive trading experience.
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Pionex: Pionex is unique in that it offers built-in trading bots for free, which can be a significant advantage for users looking to minimize costs. It also has a user-friendly mobile app and supports a variety of trading strategies, making it accessible for both beginners and experienced traders.
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Haasbot: Haasbot is a more advanced trading platform that caters to experienced traders. It offers a wide range of features, including customizable bots and advanced technical indicators. However, it may have a steeper learning curve compared to Coinrule and other competitors.
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Stacked: Stacked provides a unique approach by allowing users to combine multiple trading strategies and bots into one portfolio. This flexibility can be advantageous for users looking to diversify their trading approaches.
Overall, while Coinrule offers a robust platform for creating custom trading rules, competitors like CryptoHopper and Pionex provide unique features that may appeal to different segments of the market, such as ease of use, cost-effectiveness, and advanced trading capabilities.
Investors
- Grow London (Accelerator/Incubator)
- Accelerator Frankfurt (Accelerator/Incubator)
- Christophe Lassuyt (Angel investor)
- Crypto Valley Venture Capital (Venture Capital)
- Dan Scarfe (Angel investor)
- Y Combinator
- Naval Ravikant
- Zilliqa Capital
- Urban Innovation Fund
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