Ex-Credit Suisse Trader Raises $66 Million for Bitcoin Push
- Index Ventures, Balderton Capital among investors in Revolut
- Firm to offer clients ability to buy, sell cryptocurrencies
Bitcoin Civil War Could Split the Currency
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Former Credit Suisse Group AG trader Nikolay Storonsky is getting $66 million from investors including Index Ventures to help grow his two-year-old banking startup in the U.S. and Asia and enabling it to offer cryptocurrency trading.
His London-based Revolut Ltd. raised the money in a round that included Balderton Capital and Ribbit Capital, according to a statement on Wednesday. Storonsky, 32, will use the funds to expand in Asia and North America, and let customers hold cryptocurrency. He also plans to gather $5 million in crowdfunding from consumers on Seedrs later this month.