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View Full Version : Coinsetter Lands $500K To Help Bring Leverage, Shorting To Bitcoin Trade



vacuum
15th April 2013, 12:20 AM
- based out of new york
- guy's name is "Lukasiewicz"
- the startup's name is "coinsetter"



Coinsetter Lands $500K From SecondMarket Founder & Others To Help Bring Leverage, Shorting To Bitcoin Trade



Today, Coinsetter (http://www.coinsetter.com/), a New York City-based startup looking to launch a new Forex trading platform for Bitcoin, announced today that it has raised $500,000 in seed capital. The round was led by Tribeca Venture Partners and SecondMarket founder and CEO Barry Silbert (through his Bitcoin Opportunity Fund (https://www.secondmarket.com/company/bitcoin-opportunity-fund)), with participation from angel investors like Jimmy Furland, a London-based technology entrepreneur, Microsoft Head of Corporate Strategy, Charles Songhurst, and Facebook Product Lead, Ben Davenport.


To put his money where his mouth is, Lukasiewicz, a former investment banker, has said that he will “put up at least $50,000 of his own money towards the platform’s initial margin reserves,” as reported by The Bitcoin Trader (http://www.thebitcointrader.com/2013/02/the-latest-on-bitcoin-margin-trading.html?showComment=1361581977982#c9039123437 11077405). The article goes on to point out that, while promising, Coinsetter isn’t the only service looking to offer margin trading.

http://techcrunch.com/2013/04/09/coinsetter-lands-500k-from-secondmarket-founder-others-to-help-bring-leverage-shorting-to-bitcoin-trade/

Son-of-Liberty
15th April 2013, 08:58 AM
I guess the bankers are trying to figure out how to manipulate the BTC market with paper.

Must hate having a market they can't control