The American company will direct the funds received from an undisclosed investor to upgrade the bitcoin trading platform and hire new employees.

A year ago, the startup received $100,000 to set up the online news feeds, real-time charts and technical indicators for traders. New investments will be used to hire new developers who will work on the platform's version "2.0".

Coinigy's business development leader Derek Urbain said that the startup has a "really good problem":

"... We just quite literally don’t have enough hands to type up the code and enough bodies to do all this work."

Now Coinigy allows its users to trade currencies through a set of digital exchanges, gathering price data across a number of cryptocurrency services. The startup plans to attract smaller corporate investors to set up a wider functionality for trade and data collection, as well as to draw traders outside major financial centers such as London and New York.

Lyudmila Brus