April 10, 2022


Cryptocurrencies have taken the world by storm. However, crypto won’t truly reach its mainstream potential until the average Joe can invest. This week’s startup, CoinSmart, made a different solution for this thriving market.

⚾ The Elevator Pitch:

CoinSmart (NEO: SMRT) is a simple-to-use crypto asset trading-platform offering 24/7 human support. It’s exactly the type of premium support you see for typical financial institutions, but that is a rarity for crypto. CoinSmart is one of the few platforms to be registered as an official securities dealer with the Ontario Securities Commission. They already serve 40+ countries.

CoinSmart’s platform providers traders with numerous features from instant-currency trading (i.e. ‘SmartTrade’), cutting-edge security, Smart Pay invoicing for automatic crypto invoicing, and more. CoinSmart’s platform not only serves as an exchange, like Coinbase, but it provides real-life utility (i.e. sending someone an invoice for a good or service).

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coinsmart-neo-smrt - Investing News

👇 The Drop Down

Site: https://www.coinsmart.com/
Founded: 2018
Stage: $18.6 million in total funding (our first public company feature!)
Tech Trend: Cryptocurrency
Traction: Serves thousands of customers in 40+ countries; $74M in assets; supports major cryptocurrencies like Ethereum, Dot, Bitcoin; well-designed mobile and desktop application
Team: Veteran founders across technology and business
Justin Hartzman - Founder & CEO
Micheal Koral - Founder
Jeremy Koven - Founder & COO

🔍 Our analysis

  1. 🛠 Utility will outpace trading in crypto
    There are already dozens of crypto exchanges and trading platforms out there - Robinhood, Coinbase, Kraken, to name a few. What sets CoinSmart apart is its focus on delivering utility to its users rather than just another trading platform. By introducing features like SmartPay Auto-Sell Wallets, CoinSmart sets itself apart since automatic crypto bill pay is not a feature that most other trading platforms have. The same can be said about features like SmartPay Invoicing, SmartTrade, OTC (spread-based trading).
  2. 🚀 Insane growth
    Within just 3 years of operation, CoinSmart has already expanded to 40+ countries around the world, and was netting ~$2 million in revenue monthly in the month of October (that scales up to ~$24 million ARR). The best part is - there’s a lot more room to grow! As Coinsmart expands to more territories, and supports more cryptocurrencies, we believe they’ll see a continuous increase in adoption.
  3. 🦑 Large and growing market
    Cryptocurrency is already a $2 trillion market. For comparison, the Options Trading pool is a $400 Trillion cap and gold boasts a $16 Trillion market cap. If you believe that cryptocurrencies, DAOs, NFTs, and DeFi will have a larger foothold in our future society, then CoinSmart may have a very bright future ahead.

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🤝 Get involved with CoinSmart

Disclaimer: Daily Dropout is not a financial advisor. Please invest at your own risk