Coinmama, an online crypto exchange founded in 2013 by Nimrod Gruber and Laurence Newman, is the trading name of the Irish Cmama Ltd. It is a registered Money Services Business (MBS) in Canada.

Offering

They position themselves as a decentralized platform to purchase cryptocurrencies such as Bitcoin. Coinmama allows users to pay by a variety of methods, including credit cards and Apple Pay.

News

In March 20211, the company had more than 3.5 million users with a sales volume of $130 million in 2021. The sole shareholder of Cmama Ltd is the Israeli New Bit Ventures Ltd, which was acquired by public-listed Canadian Wellfield.

Coinmama has experienced a particularly high volume of activity from the United Arab Emirates and Venezuela.

Conclusion

We could not find any complaints around the company but Due to the current tense crypto industry, we downgrade all crypto companies to ORANGE for an undetermined period of time.