Digital assets exchange KoinKoin plans global expansion as revenues hit $40m

KoinKoin, an Africa-focused digital assets exchange, is planning a renewed push in international expansion as its revenues reach $40m five years on from its launch.

The London-based company founded by former banker Ola Atose, is set to double its headcount across the company’s offices in Nigeria and Ghana and bolster its C-suite team which is operating out of London 

KoinKoin helps customers to buy, sell and transfer digital assets across Africa, Southeast Asia, and Western Europe. It says its annual revenues have now exceeded $40m. 

“We set out to build a highly secure platform, with the aim of becoming the go-to exchange for all cryptocurrency requirements not just in Africa, but for all businesses and individuals with an active interest in Africa from around the globe. In the last year we’ve seen a huge rise in demand with OTC transactions surging as customers seek to access the best liquidity from over 100 exchanges globally,” Ola Atose, founder, KoinKoin.

“With the demand for cryptocurrencies and blockchain technology surging, we are committed to growing our global footprint, developing, and launching new services, while bolstering our sales and customer service team with the launch of a radical and exciting new app in the coming weeks,” he added.