Singapore bitcoin exchange KuCoin announced the closing of a funding round of Serie A, which has received $20 million investors of the company made a venture capital company IDG Capital, Matrix Partners and Global Capital, Neo.
KuCoin Raises Series A Round of Funding
See the official announcement here:https://t.co/L9xQGileBG pic.twitter.com/iDFBvz29pG
— KuCoin Updates (@KuCoinUpdates) 14 November 2018
In the accompanying press release also said, all three companies are not just investors, but partners KuCoin, and will be a joint effort “to promote cryptocurrency to the masses”.
The exchange’s plans to launch in the first quarter of 2019, “Platform 2.0”, a new trading platform, through which KuCoin intend to scale their activities.
The exchange also intends to recruit additional staff support and by the end of this year to enter the markets of new countries – Vietnam, Turkey, Italy, Russia and all Spanish-speaking countries.
Approval KuCoin, at the moment the exchange was five million users, and backed by IDG, Matrix and Neo Global it intends to become a global brand in the blockchain industry.
KuCoin part of the Top 50 largest cryptocurrency exchanges by trading volumes, and in September of this year she acted as the investor, has committed $3 million of Australian Bitcoin trading platform Australia.