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Cryptocurrency exchange KuCoin has raised $150 million in its preliminary Series B funding round. Investors have valued the company at $10 billion. #KuCoin It announced a $150 million
Cryptocurrency exchange KuCoin has raised $150 million in its preliminary Series B funding round. Investors have valued the company at $10 billion.
#KuCoin It announced a $150 million pre-Series B funding round and raised its valuation to $10 billion.
led round @bounce_has seen the participation of multiple mutual funds, including @circlepay, @IDGCapital & @MatrixPartners.
— KUCOIN (@kucoincom) 10 May 2022
The tour was led by Jump Crypto. Funding was also provided by various venture capital funds, including Circle Ventures, IDG Capital and Matrix Partners.
The company is using the funds to expand its product line beyond centralized services. The exchange plans to enter the DeFi and NFT markets, particularly through its investment segments.
Part of the funding will also go towards the development of infrastructure and applications on the KuCoin Community Chain blockchain.
The company held the Series A tour in 2018. It subsequently raised $20 million. Investors became IDG Capital, Matrix Partners and Neo Global Capital.
Recall that in April 2022, KuCoin launched a $100 million fund for NFT creators.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
