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Office: 63 Chulia Street, OCBC Centre East, #15-01, Singapore, 049514
Main contacts:
[email protected]-Technical supports and inquiries
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Time zone (Singapore)
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TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

Crypto
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Coinmine

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United States

Founded in

Nov 2018 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE
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--/40
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--/60
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Regulated

Recommended

IUX

IUX

(2,283 reviews)

foundedInMauritius

2016

(10 years)

Security Information :

FSCA
FSC
ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

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Get to know Coinmine

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Company Information

Get to know Coinmine

Founded in 2018 by Farbood Nivi and Morvaread Farbood, Coinmine aimed to make participating in the crypto economy easier for the average person. The company's flagship product, the "Coinmine One," was a plug-and-play device designed to mine various cryptocurrencies and run a Bitcoin Lightning Network node with minimal technical knowledge required. It operated on a proprietary operating system called MineOS. Despite raising significant venture capital from investors like Coinbase Ventures and Andreessen Horowitz, the company announced it was shutting down operations in November 2019, citing challenges with the economics of at-home crypto mining and market conditions.

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