CoinBurp

CoinBurp operates as a cryptocurrency trading platform and non-fungible token (NFT) focused crypto wallet, positioning itself as a bridge between centralized finance (CeFi) and decentralized finance (DeFi). The company was founded in 2018 by a team that includes Peter Wood (CEO), Bipin Bhanderi (COO), Tom (CDO), and Richard (CLO), with the platform officially launching in 2019. The founding was driven by CEO Peter Wood's prior success with BitBroker, a peer-to-peer Bitcoin brokerage he started in 2014 and grew to a £100 million turnover by 2017. This experience, rooted in IT automation, highlighted the need for a more user-friendly and accessible crypto trading platform for a mainstream audience.

The company's business model centers on providing an easy-to-use on-ramp for fiat currencies into the crypto space, primarily targeting users in the UK and Europe with support for GBP and EUR deposits via services like the UK's Faster Payments Service (FPS). Revenue is generated from fees on transactions conducted through its platform. The core product suite includes a website for trading cryptocurrencies and an Ethereum-based DeFi wallet with a strong emphasis on NFTs. This wallet allows users to buy, store, and sell digital assets and collectibles, and notably enables the direct purchase of NFTs with fiat currency. The platform supports trading for cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

A significant part of the company's strategy revolves around its native utility and governance token, $BURP. This token is integrated into the ecosystem for staking, allowing holders to earn an Annual Percentage Yield (APY) and gain eligibility for NFT raffles. Furthermore, $BURP holders can participate in the governance of the platform's Decentralized Autonomous Organization (DAO), influencing the project's future development. In 2021, CoinBurp secured significant private funding, raising $2 million in a round led by Moonrock Capital and Alphabit Capital in May, followed by an additional capital raise that brought the total to over $6 million by July. This capital was earmarked to expand its services into the DeFi and NFT sectors, with the stated ambition of becoming the 'Coinbase for NFTs'.

Keywords: crypto exchange, NFT wallet, DeFi wallet, CeFi, Peter Wood, BURP token, cryptocurrency trading, fiat to crypto, NFT marketplace, crypto staking, digital collectibles, crypto brokerage, Ethereum-based wallet, DAO governance, fintech, blockchain finance, UK crypto platform, custodial crypto, non-custodial wallet, digital assets