KoinKoin exceeds $40m, plans global expansion

Africa’s digital assets exchange company, KoinKoin has revealed its plan for global expansion after it exceeded $40 million revenue in over-the-counter (OTC) transactions.

The fintech company launched in 2017 by Ola Atose enables users to buy, sell and transfer digital assets round-the-clock across Africa, Southeast Asia and Western Europe in a simplified manner. It also provides market data and real time information with APIs.

As part of its plans to expand, the company aims to double the headcount of its 15 staff members across its offices in Nigeria and Ghana, as well as bolster its C-suite team operating out of London.

It also hopes to make new growth hires in Nigeria, Ghana, Antigua and Barbuda, Kenya and South Africa; its key operating countries.

The company is finalising its new app set to be a competitor for Blockchain.com and Coinbase with superior customer-focused features.

According to founder Atose, the company would leverage the growing demand for cryptocurrency and blockchain technology while rolling out innovations.

“We set out to build a highly secure platform, with the aim of becoming the go-to exchange for all cryptocurrency requirements not just in Africa, but for all businesses and individuals with an active interest in Africa from around the globe. In the last year, we’ve seen a huge rise in demand with OTC transactions surging as customers seek to access the best liquidity from over 100 exchanges globally.”

“With the demand for cryptocurrencies and blockchain text surging, we are committed to growing our global footprint, and launching new services, while bolstering our sales and customer service team with the launch of a radical and exciting new app in the coming weeks,” he added.