Twitter CEO. Jack Dorsey, made a direct investment in a fledgling cryptocurrency company as part of its latest funding round.
CoinList serves as a platform for other startups to raise capital via tools such as token sales, airdrops and hackathons.
The company raised a total of $10 million in the last round and now seeks to enter the exchange sector, with launching a wallet.
The Wall Street Journal quoted Dorsey as saying: “Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step,” We hope that the Coinlist Crypto Exchange will make its positive marks in the cryptocurrency exchange industry.
Dorsey has supported Bitcoin, supporting the phenomenon via both Twitter and his payment company Square.
He has also said that he was not interested in taking part in Facebook’s digital currency, Libra.