Cryptomate, a UK-based peer-to-peer cryptocurrency exchange marketplace, is launching an international crowdfunding campaign to finance its expansion worldwide, the company said earlier this week. It intends to launch websites in new markets and to offer stakes in them in exchange for financing.
As part of the crowdfunding offer, Cryptomate seeks to attract international partners who would fund its regional services. It is set new websites in the UK, Australia, Italy, France, the Netherlands, Poland, Spain, Germany, and Canada. The company offers 20% stakes in these websites in exchange for $10,000, except for the new UK website in which a 20% stake is offered for $20,000. Investors will receive, paid on a weekly basis, 20% of the fees generated by the site in which they hold a stake. Following is more about the company’s offer:
It seems Cryptomate is flexible and would launch new websites in other markets, if investors are interested to bring the service to their home country.
Cryptomate has launched a separate website in relation to the crowdfunding campaign, www.cryptomate.org, where it provides information and links for connection to those interested in investing in the platform. So far, it seems no money has been raised, but the campaign was just started.
Cryptomate was set-up in late 2014. Its websites provide a peer-to-peer exchange marketplace for Bitcoin, Ethereum, Litecoin, Dash, and other cryptocurrencies via national bank transfer. Its main exchange platform, cryptomate.co.uk, was launched in May 2015.
Cryptomate does not require users to provide bank accounts, nor does it store personal or payment information. Buyers and sellers deal directly and the website does not transmit exchange transactions.