CLIENT SPOTLIGHT

Coinut chooses BCB for global growth strategy

As an international crypto trading platform, Coinut (Coins U Trust) transacts in multiple fiat and digital currencies with thousands of clients every day. Given the demands of Coinut’s business, BCB Group was the natural choice as a payments partner.

Coinut onboarded its operations in Switzerland, Canada, and Singapore with BCB in 2024, and intends to extend this onboarding to other jurisdictions in the coming months as part of its broader international expansion strategy. 

BCB provides Coinut with access to payments in USD, GBP, CHF, and EUR to enable client funding and transactions with its liquidity partners. Coinut uses BCB’s OTC trading desk to source liquidity across multiple currencies, and leverages BCB’s virtual IBANs to create distinct sub-accounts for different clients, streamlining its reconciliation process. 

“Coinut is exactly the kind of international business operating in a range of currencies that BCB is set up to service,” said Tim Renew, Deputy CEO at BCB. “And with more than 20 currencies available through our systems, we can support Coinut as it expands its business both in scale and reach.”

For Coinut, Dr. Xinxi Wang, Co-founder and CEO, believes that BCB serves a crucial role in the company’s growth. “As a regulated crypto and payment business headquartered in Singapore with a strong focus on international growth, we believe BCB Group is the ideal partner to support our overseas expansion,” he detailed.

“BCB Group’s deep understanding of global markets, combined with their robust infrastructure and regulatory expertise, makes them a valuable ally in our journey toward scaling across borders,” the Coinut CEO added. 

Now with a partner that is aligned with the company’s goal of expansion, Coinut is poised to accelerate its capabilities, committing to deliver a seamless, secure, and scalable financial infrastructure for the company’s growing global client base.