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United States
Nov 2018 (7 Years)
Last online: No recent activity
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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Get to know Coinmine
Company Information
Get to know Coinmine
Founded in 2018 by Farbood Nivi and Morvaread Farbood, Coinmine aimed to make participating in the crypto economy easier for the average person. The company's flagship product, the "Coinmine One," was a plug-and-play device designed to mine various cryptocurrencies and run a Bitcoin Lightning Network node with minimal technical knowledge required. It operated on a proprietary operating system called MineOS. Despite raising significant venture capital from investors like Coinbase Ventures and Andreessen Horowitz, the company announced it was shutting down operations in November 2019, citing challenges with the economics of at-home crypto mining and market conditions.
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