Cryptocurrency exchange Kucoin has announced it has raised $150 million as part of its pre-Series B funding round.
The negotiation, which was led by Jump Crypto with the participation of other investors including Circle Ventures, IDG Capital, and Matrix Partners, has conferred the exchange a valuation of $10 billion. The exchange will use these funds to keep expanding in the Web3 sector.it has raised $150 million as a part of its pre-Series B funding round.
The pre-funding round investment was led by Jump Crypto, and had participation from other VC firms in the sector, including Circle Ventures, IDG Capital, and Matrix Partners. On this round, Johnny Liu, CEO of Kucoin, stated:The vote of confidence from prominent investors, including Jump Crypto and Circle Ventures, solidifies our vision that one day everyone will be with crypto.
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