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Rocketplace
Commission-free cryptocurrency trading platform
- 1-20 employees
- Fintech
- B2C
- Cryptocurrency
- Marketplace
- Financial Services
- College Terrace, Palo Alto, CA
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Company mission
To fuel the future of finance.
Our take
The global cryptocurrency market is valued in the billions, with projections it will continue to expand across the next decade. However, the idea of digital currency is still foreign to many, and paying to enter the trading space dissuades non-informed users from getting involved. Rocketplace offers simple, commission-free cryptocurrency trading for retail investors, as well as free industry research and customer service to lower the barrier to entry.
Cryptocurrency platforms are numerous, which can make it hard for companies to stand out, however several players in the space have been struggling with the aftereffects of the pandemic and some may not recover. This opens the playing field for companies like Rocketplace. On top of this, Rocketplace is aiming for its platform to become a distribution and investment hub for digital financial products, which they believe will proliferate in the crypto asset class; as well as a place to provide product data, tax, compliance and regulatory information on these products, a service which does not exist today.
Rocketplace has raised impressive funding at a time when other major players in the space have faced bankruptcy or layoffs – the so-called “crypto winter” – which shows that investors have confidence in the company’s claim that it is not “just another crypto exchange”.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Workspace
- Flexible PTO Policy
- Equity
- Health & Dental Insurance
- Bi-Annual Meetups
Funding (1 round)
Aug 2022
$9m
SEED
Total funding: $9m
This company has top investors
Leadership
Louis Beryl
(CEO)Board Member at Roofr and at CarDash. Previously founded Earnest and SolidEnergy Systems.