Coinfloor is pleased to announce a new partnership with LHV Bank, the most pro-Bitcoin bank in Europe. LHV has a long history of partnering with innovative, fast-growing startups, including TransferWise, as well as helping fuel their growth into disruptive billion dollar companies. For the last 18 months, Coinfloor has been working closely with LHV management and compliance teams, sharing both our vision of the future as well as our processes with them and learning about their plans for the bitcoin ecosystem. We are excited to be partnering with LHV as we believe that their vision for Bitcoin’s transformative impact on the world closely mirrors ours

Services based on blockchain have the potential to change the world. We are very glad to start working with the Coinfloor team and helping them with reliable financial services in exploring this potential. It is good to know that Coinfloor sees technological developments the same way as we do. Coinfloor is a strong partner that takes compliance very seriously and for us as a bank this is very important.“

-Andres Kitter, Head of Retail Banking at LHV Bank

What does this mean for you? If you are depositing pounds, euros, US dollars or zloty to Coinfloor, you should now wire funds to LHV Bank Estonia instead of PKO Bank Polski. The new banking details are provided on the Deposit page. If you already hold GBP, EUR, USD or PLN with Coinfloor, you do not need to do anything further. Your funds have already been moved across to LHV. Last year LHV became the first bank to hire a virtual currency expert to develop the next generation of banking services. In both the fintech and bitcoin industries, it is crucially important to have relationships with banks that can understand and support your business model.

Coinfloor is committed to being the most trusted, secure and reliable exchange in the UK and European market. As a custodian of bitcoin and fiat currencies, we hold ourselves to the highest standards in the industry for the protection of your assets. For all bitcoin that customers deposit with us, we publish Provable Solvency reports each month as a public audit of all customer balances. We store 100% of customers’ bitcoin in multisignature cold storage and never leave your bitcoin on a server. For your fiat deposits, we undertake a number of measures, including proper due diligence (KYC) on each customer. We go to great lengths to make sure all client funds are kept with European banks that understand bitcoin and Coinfloor’s business model. We remain invested in the long term success of bitcoin as well as the disruption of financial services that is taking place today. We are committed to you, our customers, above all else. We see a long term future with LHV and are looking forward to building the next generation of financial services together.

Happy trading! The Coinfloor Team



Image credits: Graphcare & Simon Hadleigh-Sparks