The encrypted savings app Nook has completed a $2.5 million funding round, with participation from Coinbase Ventures and others

ChainCatcher news, according to Fortune, the cryptocurrency savings application Nook, founded by three former Coinbase engineers, has completed a $2.5 million funding round, with participation from Coinbase Ventures, defy.vc, and UDHC. The company declined to disclose the valuation of this funding round.

It is reported that Nook aims to make it easier for non-crypto-native users to increase their cryptocurrency holdings through services like Aave, which allows users to lend their cryptocurrencies to borrowers in exchange for interest.