About Cove Markets
Cove Markets is a Financial Services company based in Chicago (United States) founded in 2018, and was acquired by Robinhood in December 2021. Alternative trading system for cryptocurrencies. Cove Markets has raised $1.53 million across 1 funding round from investors including Robinhood. Its chief executive, as recorded, is Scott Knudsen. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Alternative Trading Systems. Its competitors include Oasis Pro Markets, Bluefire Capital and Blockchain Terminal; 1 of its 3 listed competitors has raised funding.
Company details
Cove Markets provides an alternative trading system for cryptocurrencies. It provides a liquidity aggregator and crypto-trading platform for crypto investors and traders. It features analytical tools, real-time price charts, etc.
- Headquarters Chicago, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website covemarkets.com
- Social LinkedIn X Facebook
- Acquired by Robinhood (Dec 2021)
Funding Insights of Cove Markets
Cove Markets has successfully raised a total of $1.53M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.53 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.53M
- Total Rounds 1
- Last Round Seed — $1.53M
- First Round $1.53M
(Oct 2019)
All 1 funding rounds of Cove Markets with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $1.53M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Cove Markets
Cove Markets has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Robinhood.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | robinhood.com | Menlo Park, United States |
Investor details for Cove Markets
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Cove Markets
1 people are tracked at Cove Markets (1 in leadership).
| Name | Role | Group |
|---|---|---|
Scott Knudsen | CEO | Leadership |
Complete people profiles for Cove Markets
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Timeline of Cove Markets
3 dated milestones of Cove Markets across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Cove Markets is founded.
- Funding First funding round of $1.5M.
- Exit Acquired by Robinhood.
Competitors of Cove Markets
Cove Markets has 3 listed competitors in our database, 1 of them funded. They include Oasis Pro Markets, Bluefire Capital and Blockchain Terminal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| oasispromarkets.com | 2008 | Darien, United States | $27M | 7 | Liquidity and trading services for digital securities are provided. | |
| bluefirecapital.com | 2007 | Chicago, United States | Alternative cryptocurrency trading system | |||
| bct.io | 2014 | New York, United States | Institutional crypto trading tools are provided via blockchain technology. |
Detailed competitors of Cove Markets
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Top companies in Cryptocurrencies
3 companies that operate in the same segment as Cove Markets (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Frequently Asked Questions about Cove Markets
Cove Markets was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Cove Markets is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Scott Knudsen is the CEO of Cove Markets, as recorded in our data.
Cove Markets is a funded company, having raised a total of $1.53M across 1 funding round to date. The company's 1st funding round was a Seed of $1.53M, raised on Oct 2019.
Cove Markets provides an alternative trading system for cryptocurrencies. It provides a liquidity aggregator and crypto-trading platform for crypto investors and traders. It features analytical tools, real-time price charts, etc.
Cove Markets's top competitors include Oasis Pro Markets, Bluefire Capital and Blockchain Terminal.
Cove Markets has 1 investor. Key investors include Robinhood.
Yes. Cove Markets was acquired by Robinhood in December 2021.