Lunar, a Nordic fintech, raises $77 million to build a cryptocurrency trading platform

The platform will support the trading of bitcoin, ether, doge, ADA, and DOT.

Lunar, a Nordic neobank with a $2 billion value, received $77 million and launched a cryptocurrency trading platform.

At the platform’s launch, users will be able to exchange bitcoin, ether, doge, ADA, and DOT.

Lunar’s stated goal is to make cryptocurrency trading “hassle-free” for Nordic customers. Whereas individuals presently maintain a separate account with a crypto exchange from their bank account, Lunar intends to combine the two.

The fintech founded in Aarhus, Denmark, already offers checking accounts, loans and borrowing services, stock and mutual fund investments, and business accounts for small and medium-sized businesses.

The $77 million round is a follow-on to Lunar’s $232 million Series D funding round in July, which elevated the company to unicorn status.

Will Ferrell, the actor, joined the firm as an investor last month. Additionally, Lunar created a promotional film starring the Anchorman and Elf actor.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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