Kucoin, the world’s largest cryptocurrency exchange, found out that it had raised 20 million dollars (about 2.4 billion yen) for Series A newly .
This time Kucoin raised $ 20 million (about 2.4 billion yen) seems to be from IDG Capital, Matrix Partners, Neo Global Capital, three companies.
Kucoin CEO Michael Gun said about this issue “This is truly a dynamic and important partnership, and by working together with the three companies, Kucoin grows significantly and the best products in the cipher world become more efficient You can find it. “ (Some are omitted)
Glossary Explanation Series A: Series __ is a word that represents the startup stage. Series A starts to release services and products, and marketing also begins in earnest.
Today, we are thrilled to announce that we have closed our series A Round of Funding, raising $ 20 million (USD) from IDG Capital, Matrix Partners and Neo Global Capital to bring cryptocurrency to the masses. Pic.twitter.com/cofB3QkJPc
– KuCoin Updates (@ KuCoinUpdates) November 14, 2018
Kucoin has been stopping service for Japanese people since June.
KuCoin overseas exchanges announced suspension of the provision of services for Japanese people!
Article Source: Kucoin
Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/kucoin-seriesa-capital/
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