The Singapore exchange KuCoin announced the closure of a funding round Series A, in which it received $20 million. The company's investors were venture companies IDG Capital, Matrix Partners, and Neo Global Capital.
KuCoin Raises Series A Round of Funding
— KuCoin Updates (@KuCoinUpdates) November 14, 2018
See the official announcement here:https://t.co/L9xQGileBG pic.twitter.com/iDFBvz29pG
The crypto exchange also states that all three companies have become not just investors, but KuCoin partners, and will jointly promote cryptocurrency to the masses. The company plans to launch Platform 2.0 in the first quarter of 2019, a new trading platform, thanks to which it intends to scale up its activities.
KuCoin intends to recruit additional personnel to the support service and even before the end of this year to enter the markets of new countries – Vietnam, Turkey, Italy, Russia, and all Spanish-speaking countries.
According to KuCoin, five million users are currently listed on the exchange, and with the support of IDG, Matrix and Neo Global, it intends to become a global brand in the Blockchain industry.
KuCoin is among the top 50 largest crypto exchanges in terms of trading volumes, and in September of this year, it acted as an investor, having funded the trading platform Bitcoin Australia for $3 million.
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