World – The 23-year-old entrepreneur from the CIS, Kirill Sagitov, has announced the launch of his own cryptocurrency exchange, Coytx.com, built on his proprietary artificial intelligence platform, Coytx AI.
In under a month since the announcement, the project has already caught the attention of investors. COYTX GLOBAL LLC successfully completed an early closed investment round, securing a valuation of $45 million USD and attracting over 130,000 users. The company plans to launch both the exchange and its own crypto wallet to the public by Q1 2025, with an ambitious target of reaching 1 million users within its ecosystem by Q2 2025.
Before launching the exchange, Kirill Sagitov gained recognition with his highly successful crypto game DexCoyote Legends, which amassed 200,000 players and generated over $300,000 USD in in-game donations within just two months. This track record has made doubts about the exchange’s success unlikely.
According to the team, Coytx.com will stand out in a crowded market thanks to several key features. These include support for blockchain domains, the ability to create custom domains, migrated liquidity pools that offer users better cryptocurrency prices, and a memecoin platform (meme-pad).
One of the platform’s major selling points is its proprietary AI, which analyzes market data in real-time to provide predictive insights on the risks and potential of selected assets.
As the crypto space continues to evolve, Coytx is positioning itself as a forward-thinking platform that combines innovative technology with strategic market insights, making it one to watch closely in the coming months.