CoinBurp cryptocurrency trading platform looking to disrupt the retail market
Please introduce yourself and your startup CoinBurp to our readers!
Hey! I’m Pete, CEO, and co-founder of CoinBurp, a cryptocurrency trading platform looking to disrupt the retail market.
How did you get the idea to CoinBurp?
My venture into crypto actually started around 5 years ago with another company called BitBroker, a Bitcoin brokering (probably a bit obvious!) firm focusing on serving the UK market. We were, and still are, extremely successful becoming one of the largest brokerages in the UK operating on third-party platforms. Now I know this sounds a bit cliche, but Bipin (our COO) and Tom (our UX Lead) spoke in depth about creating a trading platform of our own, at a Nandos!. Throughout my time in this space, I had seen first hand how difficult it is for new buyers to enter this market, but with Tom’s amazing track record at delivering a best-in-class user experience at previous job roles, the decision to start CoinBurp was a no brainer.
How difficult was the start and what challenges you had to overcome?
Building a team from scratch was something I had never done before, but always imagined my career path would take me. It’s a bit of a juggling act ensuring you had the right personalities and the right skill sets but I believe we’ve achieved that there!
Who is your target audience?
The low confidence, first-timers to the market are who we are looking to attract. The main problem with cryptocurrency and blockchain companies is the stigma that you must be a bit geeky and IT savvy to enter the space, and this is something we are looking to tackle head-on. With a background in IT support and being relatively young, I feel I am able to convey this idea, in a very relatable way, that investing in cryptocurrency can be done by anyone.
What is the USP of your startup?
We position ourselves as a customer-first company, meaning that the customers’ needs completely inform our base decisions before we develop any of the complicated code which makes up the website. The focus for us is to ensure the website is accessible, fun and friendly and I’d like to think that’s evident in the final product!
Can you describe a typical workday of you?
I usually wake up around 8AM and spend around 30 minutes watching Peppa Pig videos with my 2-year daughter before getting ready for work! As I make the travel into London, I will begin answering emails and visualising the day ahead. I arrive around 10AM and kick off a stand-up with everyone, to discover what everyone is working on and whether there are any potential blockers for days’ work. From this point on, I feel like a plate spinner with 8 arms! This will usually consist of speaking to customers directly, checking on CoinBurp statistics, working with the developers on creating/testing new features, and much more! The day finishes around 6:30PM and I will travel home to see my daughter and girlfriend, have a bit of dinner, watch a bit of football and then work another couple hours at 9PM before getting ready for bed. Rinse and repeat!
Where do you see yourself and your startup CoinBurp in five years?
I would love to see CoinBurp grow internationally and become one of the market leaders in this industry, and with the great team around me, I genuinely feel this will be done. On a more selfish note, I want to continue volunteering, helping and inspiring young kids to achieve their dreams. As a successful individual from Luton, I regularly give talks to children at my old High School showing them that with a lot of hard work you can get to where you’d like to be!
What 3 tips would you give other Start-up founders on the way
- Do something you will enjoy in the years to come. There is nothing worse than waking up in the morning dreading the day ahead!
- Be realistic. Everyone has great ideas but can you definitely deliver on this? Consider start-up costs, your burn rate and whether you can bring investment in if needed.
- Lead by example. No one wants to work for a dictator so do not be that guy/girl! Treat others as you would like to be treated.
More information you will find here
Thank you Peter Wood for the Interview
Statements of the author and the interviewee do not necessarily represent the editors and the publisher opinion again.