Home / Crypto News / cryptocurrency exchange Kucoin raises 20 million dollars (about 2.4 billion yen) newly in Series A!

cryptocurrency exchange Kucoin raises 20 million dollars (about 2.4 billion yen) newly in Series A!

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

Kucoin, which was said to be the second Binance, is amazing for running water.

Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/kucoin-seriesa-capital/

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