Bitcoin Buy and Sell App Relai Raises $12M for Europe Expansion

Relai, a bitcoin (BTC) buy, merchantability and self-custody application, has raised $12 cardinal Series A funding. The Switzerland-based company's Series A was led by Ego Death Capital, a bitcoin lone VC, which committed $4 cardinal to the raise. Other participants included Plan B Bitcoin Fund, Timechain, and Solit Group. Following the maxim of “not your keys, not your coins,” trusted self-custody has proved fashionable successful Switzerland, adjacent among newcomers to crypto, according to Relai, which has had implicit 400,000 downloads. The program is to usage the caller backing to grow further into Europe and go licensed nether the caller Markets successful Crypto Assets authorities (MICA), Relai said successful a property release. "Despite the pugnacious marketplace conditions, our financing circular was heavy oversubscribed. This caller superior volition massively accelerate our maturation and enactment our ngo to amended and onboard millions of Europeans to Bitcoin." said Julian Liniger, co-founder and CEO of Relai, successful a statement.