Singapore-based cryptocurrency exchange Kucoin has raised $20 million in series A funding from IDG Capital, Matrix Partners and Neo Global Capital.
“We are extremely excited and appreciative for the opportunity to be partnered with such highly respected investors. It is not only an endorsement of our achievements so far, but also a chance for KuCoin to achieve further success in the future,” Michael Gan, CEO of Kucoin said in a statement.
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With the funding KuCoin will launch Platform 2.0 online, expanding to more markets, offer concierge-level customer services, and improve research and nurture blockchain talents.
“As I have stated many times in the past, I have always believed that one day everything will function with blockchain technology, and we are continuing to strive for this realization. Based on our newly-formed partnership, we are aiming to take further steps to make KuCoin the best exchange available,” said Gan.
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