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

The Nordic-based monetary expertise agency – Lunar – closed a $77 million financing spherical. The group reached a valuation of $2 billion and launched a cryptocurrency buying and selling platform.

Lunar Dives Into The Crypto Trade

The Danish firm Lunar secured a $77 million Sequence D-2 funding spherical, bringing the sequence’ complete to $310 million. The funding was led by distinguished monetary backers reminiscent of Heartland, Kinnevik, Tencent, and IDC Ventures.

Aside from the financing, through which Lunar surpassed a valuation of $2 billion, the agency revealed the launch of a blockchain arm and a cryptocurrency buying and selling platform. Ken Klausen – Founder and CEO – raised hopes that the initiative will help clients who battle “to make use of a number of platforms for his or her wants.”

“We’re excited to convey crypto to our universe of banking, funds, and investments,” he emphasised.

Initially, Lunar’s customers will be capable of purchase and promote Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Dogecoin (DOGE), and Cardano (ADA).

As well as, Klausen predicted that the way forward for cash is intently related to Web3 and the Metaverse. Lunar’s platform will discover how “each crypto and blockchain expertise can profit our clients to enter the following stage of funds and banking,” the exec outlined.

Based in 2015, Lunar stretches its companies to Denmark, Norway, and Sweden. It obtained a European banking license in 2019 and at the moment has over 500,000 clients.

The Crypto Surroundings in Scandinavia

The Northern space of Europe, the place Lunar is headquartered, is never within the highlight of the cryptocurrency business.

In Denmark, bitcoin and altcoins are allowed for use as a cost instrument, as an asset, and as an excellent. The federal government permits locals to make use of crypto to carry out any authorized exercise, together with the exchanges that assist it.

Nonetheless, the governor of Denmark’s central financial institution – Lars Rohde – isn’t in favor of BTC. Final 12 months, he known as it “very speculative.” On the similar time, he argued, “there isn’t any stability and no assure from any aspect in regards to the worth of cryptocurrencies.”

Norway treats digital property the identical as some other earnings or wealth on the subject of private tax foundation. It’s secure to say that a number of the politicians there are supporters of the sector. For one, Norway’s Minister of Local weather and Surroundings – Sveinung Rotevatn is a bitcoin HODLer.

Sweden, one other nation a part of the Scandinavian area, has directed its efforts in the direction of launching a central financial institution digital foreign money (CBDC). Its authorities has already carried out some analysis on the matter because the e-krona is predicted to see the sunshine of day by 2026.

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