Company Information

Get to know Skraps

Skraps was a financial technology company that developed a mobile application designed to simplify cryptocurrency investing for beginners. Its core service was a "round-up" feature, which automatically rounded up users' daily card purchases to the nearest dollar and invested the spare change into a diversified portfolio of cryptocurrencies. The company's mission was to make entering the digital asset market more accessible and automated, removing the barriers of high capital requirements and complex trading platforms. The project also conducted an Initial Coin Offering (ICO) for its SKRP token. However, based on its inactive website and lack of recent public activity, the company is no longer operational.

Industry

Crypto BrokerPRIMARY
Financial Other Service

Contact

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Skraps

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.