Singapore Crypto Exchange KuCoin raises $20 million in Series A Funding

With a declaration on Wednesday, KuCoin talked about the current series A financing round, which was able to raise $ 20 million on stage. The biggest contributors were IDG Capital, Matrix Partners and Neo Global Capital. However, this Singapore Crypto Exchange said that these companies went even further, making a partnership with KuCoin to give them priority to help in adopting more cryptocurrency.

With this new funding, to launch a project called platform 2.0 in the first quarter of 2019, the program will re-strengthen the professional services KuCoin provides. The project is intended as”over a single trade,”. This will be a place for “lively, stable, and flexible business”, which provides the distance of scalability to the KuCoin and also provides additional features for customers.

The new platform also offers the chance to put additional employees in the KuCoin group while adding locations in different countries. In its list, before the end of the year, the KuCoin focuses on Turkey, Italy, Vietnam, Russia, and some other Spanish speaking nations.

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With the help of latest partners, the market is currently working towards becoming a worldwide brand for blockchain technologies. Currently, there are five thousand registered customers, who provide them with a promising start. CEO Michael Gan commented,

“I think that one day everything will work with Blockchain technology and with the recently formed partnership, we will build on the current momentum and will fulfill this vision.”