KuCoin Raises $150 Million at $10 Billion Valuation

KuCoin, Victoria, SeychellesGlobal crypto exchange, based in Switzerland, raised $150M Pre-SeriesB funding

Theround was led Jump Crypto, Circle VenturesIDG Capital, Matrix Partners.

TheThe company plans to use the funds for expansion beyond centralized trading services to grow its presence in Web 3.0, including crypto wallets, GameFi, DeFi, and NFT platforms through investment arms, like KuCoin Labs KuCoin Ventures. KCC, the public chain created by KuCoin’s community members, will also be a significant infrastructure where resources will be deployed to create a decentralized ecosystem. TheFunds will also be used for:

  • BuildThe next generation of KuCoinCore trading system
  • Support KuCoin’s global regulation efforts
  • EnhanceSecure and manage risk systems to make the platform easier and more accessible.

LedBy CEO Johnny Lyu, KuCoinThis cryptocurrency exchange allows you to trade over 700 digital assets. ItPresently available Spot trading, MarginTrading, P2P fiat trading Futures trading, Staking, Lendingto its 18,000,000 users in 207 countries.

FinSMEs

10/05/2022

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