Buttercoin
200px | |
Private | |
Industry | Bitcoin marketplace/exchange |
Founder | Cedric Dahl, Bennett Hoffman[1] |
Headquarters | Palo Alto, California, U.S.[2] |
Number of locations
|
1 office |
Area served
|
USA |
Key people
|
Cedric Dahl (CEO) Bennett Hoffman (CTO) Kevin Zhou (Head Economist) Kevin Adams (Lead Developer) |
Services | Buy, sell, and trade bitcoin |
Total assets | ~$1.6 million (2013)[3] |
Number of employees
|
4 (2013)[4] |
Website | Buttercoin.com |
Buttercoin was a private American start-up company that provided digital currency exchange services to the US.[2][3] Specifically, Buttercoin operated a full order book trading platform for buying and selling bitcoins.
On April 6, 2015, citing a loss of interest in bitcoin from venture capital firms, the company announced that it was shutting down as of April 10, 2015.[5]
Funding
Y Combinator, Google Ventures (Kevin Rose and Chris Hutchins), Floodate, Initialized Capital, Rothenberg Ventures, and Reddit co-founder Alexis Ohanian invested approximately $1 million into Buttercoin.[1][4] A Swiss company, Centralway Ventures, invested an additional $250,000 into Buttercoin.[3] Combined with other sources, Buttercoin raised a total of $1.6 million as of September 2013.[3] Subsequently, Buttercoin raised an undisclosed sum from Wedbush Securities, making it the first bitcoin company to receive investment from a large Wall Street institution. [6]
References
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External links
- Buttercoin Official website
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