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KuCoin raises $20 million

KuCoin is a Singapore- based cryptocurrency exchange that includes a substantial list of coins to trade versus significant digital possessions such as Bitcoin and Ethereum while likewise including fiat-substitute markets in the type of USD pegged stablecoins, particularly USDT and USDC.

KuCoin introduced back in September 2017 right prior to the cryptocurrency bull-run and effectively sealed a great area in between other exchanges. While other exchanges had extremely changing volumes, KuCoin handled to keep theirs relatively stable.

Now relatively some huge gamers in the field had strategies with the exchange as the current Series A Round of Funding has actually been a fantastic success for the business as it handled to collect $20million USD from significant crypto mutual fund such as IDG Capital, Matrix Partners and Neo Global Capital.

The funding will result in the unveiling of the KuCoin Platform 2.0 paired with an international growth of theexchange This suggests that the exchange is preparing to do comparable transfer to significant rivals such as Binance, Huobi orBittrex Huobi for instance introduced its United States and Australian exchanges recently, while Bittrex introduced a worldwide exchange and lastly Binance opened its brand-new Uganda wing.

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Written by Ravi Gupat

Ravi grew up in India and graduated in Economics. He is a serial entrepreneur who has founded and exited several companies in tech and media over the past 15 years. He is also an early stage investor and advisor in various blockchain-based companies.

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