Company Information

Get to know Cointed GmbH

Cointed GmbH was founded in Austria in 2015, initially positioning itself as a comprehensive cryptocurrency service provider. The company operated a cryptocurrency exchange, a network of Bitcoin ATMs across Europe, and offered crypto mining contracts. However, investigations revealed that the company was deeply involved in the "Optioment" pyramid scheme. Austrian authorities, including the Financial Market Authority (FMA), launched investigations into the company for large-scale commercial fraud, leading to police raids, the arrest of its founders, and the seizure of assets. The company ultimately filed for bankruptcy and ceased all operations, having defrauded investors of an estimated €100 million.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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Cointed GmbH

Austria

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

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.