COINUT

What COINUT does

COINUT (Coins U Trust) is a Singapore-headquartered digital asset platform founded in 2013, operating as Singapore's longest-running cryptocurrency business. The company provides institutional-grade infrastructure for trading, payments, and treasury management using digital assets, serving both retail users (over 1.6 million as of 2025) and institutional clients including family offices, high-net-worth individuals, and corporate treasury teams. Its core product portfolio spans three institutional offerings — COINUT Payment (cross-border value movement), COINUT OTC (large-volume block trading with guaranteed pricing and privacy), and COINUT Ramp (fiat-to-crypto liquidity bridging for businesses and funds) — supplemented by COINUT Swap (zero-fee crypto-to-crypto exchange), WLTC (a proprietary ERC-20 token wrapping Litecoin for Ethereum DeFi access), a self-serve retail trading platform, native iOS and Android mobile applications, and blockchain consulting services. The platform supports fiat on/off-ramps in USD, SGD, CAD, EUR, and GBP paired with digital assets including BTC, LTC, ETH, ETC, USDT, DAI, XSGD, and XIDR.

The company operates on a compliance-first architecture, holding regulatory registrations across four jurisdictions: Singapore (MAS MPI exemption under the Payment Services Act 2019, with a full MPI license application in progress), Canada (FINTRAC MSB registration, also working with the Ontario Securities Commission on a Crypto Trading Platform license), Switzerland (VQF SRO membership), and the United States (FinCEN MSB registration with state-level Money Transmitter License applications in progress). It maintains ISO 27001 certification (via TÜV SÜD), Singapore's Data Protection Trustmark, and adherence to MAS Technology Risk Management Guidelines. Its enterprise security infrastructure includes semi-manual withdrawals, real-time monitoring, and continuous internal audits.

COINUT's revenue model is transaction-based: it earns trading fees on retail and platform transactions, negotiated spreads on institutional OTC block trades, and fees on institutional payment flows. The COINUT Swap service operates on zero transaction fees, with revenue likely derived from spread or volume arrangements. The company became profitable in 2024 and reported revenue doubling year-on-year in 2025, alongside a 154% YoY increase in transaction count and a 112.6% YoY increase in institutional OTC spot volume. Ownership remains founder-controlled — CEO Xinxi Wang (who co-founded the Litecoin Foundation with Charlie Lee in 2017) and CTO Jingli Cai — with the company having been largely self-funded since founding, with only one disclosed early investment from Boost VC in 2015.

Name

COINUT

Legal name

COINUT PTE. LTD.

Website

https://coinut.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

COINUT is a Singapore-based digital asset platform founded in 2013, providing institutional-grade cryptocurrency trading, OTC block trading, cross-border payments, and fiat-crypto liquidity solutions to retail users, family offices, and corporate treasury teams across Singapore, Canada, Switzerland, and the US.

Ownership category

akta.pro rank

Product category

Digital Asset Trading & Payments Platform

NAICS

Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG)

Keywords

• Digital asset trading
• Cryptocurrency exchange
• Institutional OTC services
• Crypto payment infrastructure
• Fiat-to-crypto ramp

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Cryptocurrency Trading Fees: Transaction-based fees earned from buying, selling, and trading digital assets on the platform.
2. COINUT Swap: No-fee swap service between cryptocurrency assets; revenue likely derived from spread or volume-based arrangements.
3. OTC Trading Services: Principal-to-principal large volume cryptocurrency trades for institutional clients with pricing based on negotiated spreads.
4. Payment Services: Institutional payment solutions enabling businesses to accept, manage, and disburse funds globally using digital assets.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

COINUT provides institutional-grade digital asset infrastructure enabling businesses and individuals to move value between fiat currencies, stablecoins, and cryptocurrencies. Core products include COINUT Payment for global fund transfer, COINUT OTC for large-volume block trading, and COINUT Ramp for fiat-crypto liquidity bridging, complemented by COINUT Swap and the WLTC (Wrapped Litecoin) ERC-20 token. The platform operates 24/7 with regulatory licensing across Singapore, Canada, Switzerland, and the United States.

Product overview

COINUT is a multi-product digital asset platform providing institutional-grade infrastructure for digital asset trading and payments. The core offering consists of COINUT Payment (institutional payment solutions for global fund movement), COINUT OTC (over-the-counter block trading for institutional clients), and COINUT Ramp (fiat-to-crypto bridging solution). Additional products include COINUT Swap (instant crypto-to-crypto exchange) and WLTC (Wrapped Litecoin, an ERC-20 token bridging Litecoin to Ethereum). The platform operates across Singapore, Canada, Switzerland, and the USA with mobile applications and API access for developers.

Differentiator

Problem solved

Functional benefit

Brands

• COINUT Payment: Institutional-grade payment solution for businesses to accept, manage, and disburse funds globally using digital assets.
• COINUT OTC
• COINUT Ramp
• COINUT Swap
• WLTC (Wrapped Litecoin)

Products and services

• COINUT Payment Institutional-grade payment solution enabling businesses to accept, manage, and disburse funds worldwide securely, instantly, and cost-efficiently using digital assets. Targets businesses and financial institutions with cross-border payment needs.
• COINUT OTC Over-The-Counter service for institutional investors, family offices, and high-net-worth clients requiring high-volume, secure, and discreet block trading with guaranteed liquidity and best-in-class execution.
• COINUT Ramp Institutional ramping solution enabling businesses, funds, and financial institutions to seamlessly move between fiat and digital assets with deep liquidity, regulatory strength, and treasury-grade settlement.
• COINUT Swap Cryptocurrency swapping product that allows users to swap one cryptocurrency asset for another almost instantly with no transaction fees, available 24/7.
• WLTC (Wrapped Litecoin) ERC-20 token built on Ethereum blockchain, pegged 1:1 to Litecoin, bringing liquidity and value to both LTC and ETH ecosystems. Enables users to earn interest, provide liquidity, and access DeFi services.
• COINUT Mobile App Mobile application available on iOS and Android for trading and managing digital assets on the go.
• Digital Asset Trading Platform Singapore's longest-running digital asset platform trusted by businesses for moving value between fiat currencies, stablecoins, and digital assets, built on compliance, liquidity, and operational reliability.
• Blockchain Consulting & Education Technical advisory and education services including blockchain technology workshops, cryptocurrency/blockchain/ICO consulting, and digital currency adoption, security, and compliance consulting.

Quantifiable outcome

• 112.6% YoY growth in institutional OTC spot volume
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Litecoin FoundationcoreStrategic or Co-development Partner · 1 January 2017Xinxi Wang, COINUT CEO & Co-Founder, co-founded the Litecoin Foundation with Litecoin creator Charlie Lee in 2017, helping advance global awareness and adoption of Litecoin as one of the world's most enduring cryptocurrencies.
• Monetary Authority of Singapore (MAS)coreOthersGranted exemption from holding a license under the Payment Services Act, with MPI license application in progress. Adheres to Technology Risk Management (TRM) Guidelines from MAS.
• FINTRAC (Financial Transactions and Reports Analysis Centre of Canada)coreOthersRegistered as Money Services Business with FINTRAC (Registration number M18935124). Actively working with Ontario Securities Commission on Crypto Trading Platform license.
• VQF (Verein zur Qualitätssicherung von Finanzdienstleistungen)coreOthersCOINUT Switzerland AG is registered with VQF as an SRO member (Membership number 101091), providing Swiss regulatory compliance for crypto asset services.
• FinCEN (Financial Crimes Enforcement Network)coreOthersCOINUT USA Inc. is registered as Money Services Business with FinCEN (Registration number 31000308226389) and is applying for Money Transmitter Licenses at the state level.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• BitPay: Crypto payments processor enabling merchants to accept and disburse digital assets—comparable to COINUT Payment and Ramp on the fiat-crypto settlement use case for businesses, though more payments-pure with less spot exchange depth.
• Paxos: US-regulated stablecoin issuer and tokenisation infrastructure provider serving institutional clients—adjacent competitor at the regulated stablecoin issuance / ramp layer that COINUT also touches via COINUT Ramp and Payment.

Broad incumbents

• Circle (USDC issuer): USDC stablecoin issuer with its own trading, ramp, and treasury APIs—a relevant counterparty and adjacent incumbent given stablecoins now drive 75% of COINUT volume.
• Coinbase: US-headquartered publicly-listed crypto exchange with retail, institutional, OTC, and stablecoin ramp businesses—the most direct large incumbent to COINUT's exchange/OTC/payments stack, though operating at vastly greater scale.
• Kraken: Long-running US- and Europe-licensed crypto exchange offering spot trading, OTC desk, and staking—comparable multi-jurisdiction compliance narrative and longevity to COINUT but with deeper liquidity and broader asset coverage.
• Binance: World's largest crypto exchange with spot, OTC, derivatives, and payments—dominant incumbent competing for the same global liquidity, though increasingly constrained by regulators that COINUT avoids.

Direct peers

• Independent Reserve: Singapore/Australia regulated crypto exchange serving retail and institutional clients with OTC and fiat on/off-ramp—a near-direct peer given similar regional regulatory positioning and SME/treasury customer focus.
• Bitstamp: Europe- and US-licensed crypto exchange with OTC desk for institutional clients—comparable business model of regulated multi-jurisdiction spot exchange plus institutional block trading as COINUT.
• Luno: Singapore/Malaysia/South Africa regulated crypto exchange serving retail and institutional clients with fiat on-ramps—directly comparable regional retail and institutional exchange competing with COINUT in APAC.
• Gemini: US-regulated crypto exchange and custodian serving both retail and institutions with OTC and clearing—shares the compliance-first, multi-jurisdiction DNA and institutional sales motion with COINUT.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/coinut_exchange
• Facebookfacebook.com/CoinutExchange
• LinkedInlinkedin.com/company/4854174

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about COINUT