$20 Billion in Coinbase Assets held in Imtoken Wallet

The founder of Imtoken, major Chinese Ethereum wallet provider Ben He claimed that $35 billion worth of crypto assets are currently stored in Imtoken wallets
05 June 2018   1161

Imtoken also declared that it has gained $10 million USD from IDG Capital, and is soon going to integrate support for BTC. Imtoken displayed that it has increased $10 million USD from IDG Capital via its Series A funding round. The firm that affirms to be the world’s largest Ethereum wallet, will now be concerned on splaying in the Asian and United States cryptocurrency markets.

Ben He, Imtoken’s founder, pointed out the firms’s intendance to enter the Southeast Asian markets before looking toward major regional players such as Korea, Japan, and India - stating that declared jurisdictions’ “regulations are maturing quickly.” Imtoken will look toward major African markets, such as Nigeria, after Asian market.

We didn’t have any marketing or promotional budget. We noticed very early the potential of Ethereum and focused on it to differentiate against competitors.
Ben He
Founder, CEO, Imtoken

Imtoken presented that much of the newly raised capital will be put toward developing new features, including support of BTC, EOS, and a row of another altcoins.

Imtoken has developed its product into one of the top crypto asset wallets in the world with such a sound reputation. We believe it will become a significant infrastructure for the tokenization manifesto, benefitting both the crypto economy and blockchain technology. We’re excited to back Imtoken.
Young Guo
Capital Partner, IDG

The company’s app has grown to store since 2016, more than $35 billion worth of cryptocurrency assets, including “More than $20 billion” worth of Coinbase’s customers funds, as reported by a Coinbase spokesperson. Since January, Imtoken users are expected to have accounted for approximately 10% of daily activity taking place on the Ethereum blockchain.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   77

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).