Singapore’s cryptocurrency exchange KuCoin has invested 3 million dollars in the Australian cryptocurrency exchange Bitcoin Australia.
Based on this investment fund, Bitcoin Australia will focus on the international expansion of services, and it is said that KuCoin will help KuCoin enter the Australian market.
Rupert Hackett, CEO of the exchange, told Australia Financial Review as follows.
KuCoin is a speculative exchange that handles 300 virtual currencies.
On the other hand, we believe that (Bitcoin Australia) is approaching the mass market, so we can create a synergistic effect (with KuCoin).
While supporting KuCoin for senior traders, we will build a friendly environment for new entrants to the market.
Bitcoin Australia is now in Canada and the Netherlands and plans to further expand to the European markets such as the UK in the future.
Article Source: Singapore crypto exchange KuCoin set to expand after $ 3m Bitcoin Australia deal
Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/kucoin-investment/
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