Company:Buttercoin

From HandWiki
Buttercoin
Typeformerly: Private
IndustryBitcoin marketplace/exchange
FounderCedric Dahl, Bennett Hoffman[1]
Headquarters
Palo Alto, California
,
United States [2]
Number of locations
1 office
Area served
USA
Key people
Cedric Dahl (CEO)
Bennett Hoffman (CTO)
Kevin Zhou (Head Economist)
Kevin Adams (Lead Developer)
ServicesBuy, sell, and trade bitcoin
Total assets~$1.6 million (2013)[3]
Number of employees
4 (2013)[4]
WebsiteButtercoin.com

Buttercoin was a private American start-up company that provided digital currency exchange services to the US.[2][3] Specifically, Buttercoin operated a full order book trading platform for buying and selling bitcoins.

On April 6, 2015, citing a loss of interest in bitcoin from venture capital firms, the company announced that it was shutting down as of April 10, 2015.[5][6]

Funding

Y Combinator, Google Ventures (Kevin Rose and Chris Hutchins), Floodgate, Initialized Capital, Rothenberg Ventures, and Reddit co-founder Alexis Ohanian invested approximately $1 million into Buttercoin.[1][4] A Swiss company, Centralway Ventures, controlled by Martin Saidler invested an additional $250,000 into Buttercoin.[3] Combined with other sources, Buttercoin raised a total of $1.6 million as of September 2013.[3] Subsequently, Buttercoin raised an undisclosed sum from Wedbush Securities, making it the first bitcoin company to receive investment from a large Wall Street institution.[7]

References

  1. ↑ 1.0 1.1 Cutler, Kim-Mai (August 20, 2013). "YC-Backed Buttercoin Uses Bitcoin To Attack The $500B-A-Year Remittances Economy". TechCrunch. https://techcrunch.com/2013/08/20/buttercoin. Retrieved November 30, 2013. 
  2. ↑ 2.0 2.1 Reutzel, Bailey (September 9, 2013). "Buttercoin Takes a Different Path to Handling Virtual Currency". PaymentsSource. http://www.paymentssource.com/news/buttercoin-takes-a-different-path-to-handling-virtual-currency-3015366-1.html. Retrieved November 30, 2013. 
  3. ↑ 3.0 3.1 3.2 3.3 Lomas, Natasha (September 18, 2013). "Swiss Company-Builder Centralway Opens $50M Fund, Invests $250k In Bitcoin Whitelabel Exchange Buttercoin". TechCrunch. https://techcrunch.com/2013/09/18/centralway-fund-buttercoin-seed. Retrieved December 1, 2013. 
  4. ↑ 4.0 4.1 Kolodny, Lora (August 19, 2013). "International Bitcoin Exchange Buttercoin Raises $1M to Revamp Remittance". VentureWire. http://pevc.dowjones.com/article?an=DJFVW00020130819e98jauzi8&from=alert&pid=32&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%2farticle%3fan%3dDJFVW00020130819e98jauzi8%26from%3dalert%26pid%3d32. Retrieved November 30, 2013. 
  5. ↑ Russell, Jon (April 6, 2015). "Google Ventures-Backed Bitcoin Exchange Buttercoin Is Shutting Down". TechCrunch. https://techcrunch.com/2015/04/06/buttercoin-bitcoin-closing/. Retrieved April 6, 2015. 
  6. ↑ "Buttercoin Folds Despite $1.3 Million Investment" (in en-US). CoinDesk. 2015-04-06. https://www.coindesk.com/bitcoin-marketplace-buttercoin-folds-despite-1-3-million-investment/. 
  7. ↑ Kharif, Olga (November 17, 2014). "Bitcoin Startup Buttercoin Draws Wedbush as Investor". "Bloomberg". https://www.bloomberg.com/news/2014-11-17/bitcoin-startup-buttercoin-draws-wedbush-as-investor-customer.html. Retrieved December 9, 2014. 

External links




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