Bitcoin trading app Relai completes $12 million Series A funding, led by Ego Death Capital

ChainCatcher news, Bitcoin trading app Relai has completed a $12 million Series A funding round, led by Ego Death Capital, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group. Relai plans to use the new funds to further expand into Europe and obtain licensing under the new Markets in Crypto-Assets (MiCA) regulation.

Relai co-founder and CEO Julian Liniger stated, "Despite the challenging market conditions, our funding round was still oversubscribed. This new capital will significantly accelerate our growth and support our mission to educate and bring millions of Europeans into Bitcoin."

According to RootData, Relai is an app that exclusively offers Bitcoin, accompanied by a non-custodial Bitcoin wallet, dedicated to making Bitcoin savings and investments accessible to everyone, allowing anyone to buy and sell Bitcoin in minutes without registration, verification, or deposits.