Startup makes crypto investment simple

DUBAI: Buoyed by a $2 million pre-seed funding round that concluded in May this year, diversified crypto investment products plaform Koinbasket is launching UAE’S first crypto basket investing app that makes crypto investing as simple as online shopping for UAE investors.

The move will not only introduce them to the world of diversified basket investing in crypto assets but also provide them with superlative fundamental analysis that Koinbasket has come to be known for. Backed by marquee investors that include Angellist quant fund, Stonks fund, Kube VC cryptopreneurs like Polygon founder Sandeep Nailwal and Global CXOS from Ripple, Binance Citibank, Google, Accenture, Nomura, Fiserv and many more, the Singapore-based crypto startup has been making waves in the web3 world by cracking partnerships with global crypto exchanges.

Elaborating on how Koinbasket’s collaboration with global crypto exchanges will transform the way the world invests in crypto assets, Cofounder and CEO Khaleelulla Baig quips, “The UAE is an emerging market for us and we are excited to launch a variety of basket options in the Emirates, which is rapidly growing to become a global crypto hub with proactive and encouraging regulations by the government. Investing in crypto assets can be both fascinating and terrifying considering the mind-blowing returns on investment and the inherent volatility displayed by most crypto assets. At Koinbasket, we believe that investing in well-researched and curated baskets can be more rewarding in the long term.”