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“When Coinmama was founded in 2013, our goal was to introduce the world to Bitcoin and make buying and owning it easy.”
Lawrence Newman Co-founder of Coinmama
Humble beginnings and a really simple plan. Almost a decade later, there’s no denying that Coinmama has proven its staying power in the crypto industry. But today, Coinmama has much bigger plans.
Coinmama has long provided its customers with an easy and safe way to buy and sell Bitcoin and other cryptocurrencies. However, the cryptocurrency landscape has changed dramatically in recent years and the average consumer today is more educated and informed. This means they often want to do more than just buy BTC.
The world of Decentralized Finance (DeFi) did not exist when Coinmama was founded in 2013. Today, there are numerous DeFi services at the fingertips of anyone willing to take advantage of them. Borrow. You borrow. Insure. You name it.
In 2022, Wellfield Technologies merged with Coinmama and thus joined forces with one of the most trusted and long-lasting cryptocurrency brands. Coinmama will now integrate Wellfield’s Seamless DeFi protocol, transforming into a multi-product platform offering state-of-the-art DeFi services while maintaining a focus on self-protection. Coinmama’s established infrastructure will also allow Wellfield’s MoneyClip app to reach a much wider customer base not only in Canada, where it currently operates, but also globally.
So while Coinmama customers will still be able to simply buy Ethereum and other top cryptocurrencies, they will also be able to do much, much more.
“We have seen a significant acceleration in demand for a wide selection of DeFi services. Wellfield has developed a unique suite of products and services under its Seamless brand that address some of today’s most critical gaps in DeFi infrastructure, and this will give us the technology we need to make DeFi adoption possible,” said Nimrod Gruber, co-founder and Co-CEO of Coinmama.
Nimrod Gruber Co-Founder and Co-CEO of Coinmama
This is an exciting merger of two organizations that are united in their ambitions to facilitate the rapid growth and adoption of crypto and DeFi. And that’s exactly what they intend to do by integrating Wellfield’s DeFi products into the Coinmama platform and making them available to their more than 3.5 million active users.
Wellfield’s chief strategy and business development officer, Chanan Steinhart, put it best when he said “Together, we are even better positioned to build an industry-defining company that unlocks the power of DeFi and makes accessibility and adoption easy for individuals and institutions alike.”
