Cryptocurrency News

KuCoin raises $20 million in Series A Funding from Venture Capitals

KuCoin raises $20 million in Series A Funding from Venture Capitals
KuCoin raises $20 million in Series A Funding from Venture Capitals

Within an annoucement on Wednesday, KuCoin talked about a current Series A financing round that was able to raise $20 million to the stage. The largest contributors were IDG Capital, Matrix Partners, and Neo Global Capital. But, KuCoin stated these companies went even farther, preferring to form partnerships with KuCoin to assist them to usher in greater cryptocurrency adoption.

With this new financing, the very first item on the schedule would be to reinvigorate the professional services which KuCoin provides, starting a project named Platform 2.0 sometime in the first quarter of 2019. The project is intended as”over a single trade,” adding it will be a spot for”lively, stable, and malleable trading,” providing KuCoin the distance for scalability and also to make extra attributes for customers.

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The new platform generates an chance for extra staff to be inserted into the KuCoin group, while adding places in different nations too. In their own list, KuCoin appears to be centered on Turkey, Italy, Vietnam, Russia, and also some other Spanish-speaking nation before the year is finished.

With the help of the newest partners, the market is currently working towards becoming a worldwide brand for blockchain technologies. Currently, there are five thousand registered customers, providing them a promising beginning. CEO Michael Gan commented,

“I think one day everything will operate with blockchain technology. And with our recently formed partnerships, we’ll build on the current momentum and meet this vision.”

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