Fintech Company Lunar Raises $77 Million, Launches Crypto Trading Platform

Fintech Company Lunar Raises $77 Million, Launches Crypto Trading Platform


The Nordic-based economic modern technology company – Lunar – shut a $77 million funding round. The company got to an evaluation of $2 billion and also presented a cryptocurrency trading platform.

Lunar Dives Into The Crypto Industry

The Danish company Lunar safeguarded a $77 million Series D-2 financing round, bringing the collection’ overall to $310 million. The financial investment was led by popular economic backers such as Heartland, Kinnevik, Tencent, and also IDC Ventures.

Apart from the funding, by means of which Lunar went beyond an evaluation of $2 billion, the company disclosed the launch of a blockchain arm and also a cryptocurrency trading platform. Ken Klausen – Founder and also chief executive officer – increased hopes that the campaign will certainly help consumers that battle “to use multiple platforms for their needs.”

“We are excited to bring crypto to our universe of banking, payments, and investments,” he highlighted.

Initially, Lunar’s customers will certainly have the ability to deal Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Dogecoin (DOGE), and also Cardano (ADA).

In enhancement, Klausen anticipated that the future of cash is carefully attached to Web3 and also the Metaverse. Lunar’s platform will certainly discover just how “both crypto and blockchain technology can benefit our customers to enter the next level of payments and banking,” the director described.

Founded in 2015, Lunar extends its solutions to Denmark, Norway, and also Sweden. It obtained a European financial permit in 2019 and also presently has more than 500,000 consumers.

The Crypto Environment in Scandinavia

The Northern location of Europe, where Lunar is headquartered, is hardly ever in the limelight of the cryptocurrency sector.

In Denmark, bitcoin and also altcoins are permitted to be made use of as a settlement device, as a property, and also as an excellent. The federal government enables citizens to make use of crypto to execute any kind of lawful task, together with the exchanges that sustain it.

However, the guv of Denmark’s reserve bank – Lars Rohde – is not for BTC. Last year, he called it “very speculative.” At the very same time, he suggested, “there is no stability and no guarantee from any side about the value of cryptocurrencies.”

Norway deals with electronic possessions the like any kind of various other revenue or riches when it involves individual tax obligation basis. It is risk-free to state that a few of the political leaders there are advocates of the market. For one, Norway’s Minister of Climate and also Environment – Sveinung Rotevatn is a bitcoin HODLer.

Sweden, one more country component of the Scandinavian area, has actually guided its initiatives in the direction of introducing a reserve bank electronic money (CBDC). Its federal government has actually currently carried out some research study on the issue as the e-krona is anticipated to see the light of day by 2026.

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