COINUT
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COINUT - overview
Established
2013
Location
Singapore, -, Singapore
Primary Industry
Financial Services
About
Based in Singapore, and founded in 2013 by CEO Xinxi Wang, and Tao Huang, Coinut Pte. Ltd. , a. k.
a. Coinut is a provider of a cryptocurrency exchange platform to trade cryptocurrencies and fiat currencies worldwide. The company provides a secure cryptocurrency exchange platform that allows trading of fiat-to-crypto and crypto-to-crypto. The platform supports SGD and USD, fast and telegraphic transfers, global Visa, MasterCard, Apple Pay, and Google Pay.
Coinut provides a mobile application for both android and iOS users to trade cryptocurrency. Coinut generates revenue by charging a 0. 1% trading fee for pure crypto trading, and for crypto to USD, SGD, XSGD, and CAD trading it charges between 0. 30% to 0.
55%. In addition, the company also charges a withdrawal fee of 0. 55%, which accounts for its revenue.
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.coinut.com
Verticals
Blockchain, FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
COINUT - timeline of key events
COINUT - financials
| Fiscal Year Ended | Oct 31, 2016 | Oct 31, 2017 | Oct 31, 2018 | Oct 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,614 | 22,393 | 520,048 | 45,463 | 82,765 | 170,508 | - | - | - |
| % Revenue Growth (YoY) | - | 132.9% | 2222.4% | (91.3%) | - | - | - | - | - |
| EBITDA (USD) | (59,681) | (136) | (148,849) | (287,058) | (235,421) | (727,328) | - | - | - |
| Operating Income (USD) | (59,681) | (136) | (162,370) | (287,058) | (235,421) | (727,328) | - | - | - |
| Operating Margin | (620.8%) | (0.6%) | (31.2%) | (631.4%) | (284.4%) | (426.6%) | - | - | - |
| % EBITDA Margin | (620.8%) | (0.6%) | (28.6%) | (631.4%) | (284.4%) | (426.6%) | - | - | - |
| NET Income (USD) | (59,681) | (896) | (163,165) | (287,331) | (235,421) | (727,328) | - | - | - |
| % Net Margin | (620.8%) | (4.0%) | (31.4%) | (632.0%) | (284.4%) | (426.6%) | - | - | - |
COINUT - employee data
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