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Coinfloor is a London-based bitcoin exchange established in early 2013. Coinfloor has launched the first exchange-backed Peer-to-Peer marketplace for bitcoin, “Coinfloor Market”, which connects vetted brokers with investors and consumers looking to buy bitcoins.

Coinfloor has launched the first exchange-backed Peer-to-Peer marketplace for bitcoin, “Coinfloor Market”, which connects vetted brokers with investors and consumers looking to buy bitcoins. Buyers are able to send funds directly to a broker using a local UK bank transfer. Coinfloor is also the first exchange to employ a sophisticated algorithmic rounding engine for fee calculation. By allowing direct conversion between bitcoins and the British Pound (Sterling), the exchange aims to reduce the inconvenience of a two-step conversion that people holding Sterling used to have to go through.

In October 2013 the company announced raising an undisclosed amount of venture capital funding from Passion Capital and Taavet Hinrikus, co-founder of TransferWise and the first employee at Skype.

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