Share this article
Bitcoin Firm Coinapult Opens to US Market
Coinapult will be tackling the US market following a services integration with Crypto Capital, a licensed money transmitter.
Updated Sep 11, 2021, 11:41 a.m. Published May 21, 2015, 5:02 p.m.
Bitcoin payment processor and storage provider Coinapult is now seeking customers in the US market following a services integration with Crypto Capital.
The bitcoin firm did previously offer its bitcoin wallet service to US customers but said that the country's users were blocked from its website in July last year as the company was not a licensed money transmitter.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By opening an account with Crypto Capital, a licensed money transmitter in Panama, Coinapult will now allow its users to deposit, withdraw and transfer fiat currency.
A Coinapult spokesperson told CoinDesk:
"Coinapult is not a licensed money transmitter business, and as such, we did not offer our services to the US market. Now that Crypto Capital will act as a money transmitter on Coinapult's behalf, we are excited to reopen services to the US."
"From both a legal and financial perspective, any fiat movement between Coinapult and our customers will be handled through Crypto Capital functioning as a licensed money transmitter on behalf of Coinapult," the spokesperson continued.
According to Crypto Capital's website, customers are provided a "segregated fiat account" to US users. Clients that offer software products to bitcoin users, the company states, are then able to move fiat currency in and out of these accounts.
Crypto Capital will perform know your customer (KYC) checks on behalf of Coinapult.
Hot wallet attack
Coinapult's most well-known product is a service called LOCKS, which allows users to peg the price of bitcoin to gold, silver, British pounds, US dollars and euros.
The company's wallet service was hacked in March this year, resulting in a loss of 150 BTC (approximately $42,900).
The Panama-based startup restored its services the following month. The spokesperson said that the company was hoping to introduce client-side multisig functionality by the end of July.
US Map image via Shutterstock.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
