Home Crypto KuCoin raises $150 million to explore Web3

KuCoin raises $150 million to explore Web3

KuCoin raises $150 million to explore Web3

“One day everyone will use crypto”

The co-founder of KuCoin named Johnny Lyu is pleased with the investment round. He also says that he is very positive about the growth of the crypto world. He tells:

“The confidence of prominent investors, including Jump Crypto and Circle Ventures, solidifies our vision that one day everyone in the world will use crypto [..] The new investors and partners will help make KuCoin a trusted gateway to the crypto world for all classes of investors.”

Tak Fujishima, the head of the Asia region at Jump Crypto, also spoke about the investment round. He said the following about KuCoin’s platform:

“KuCoin offers a vastly comprehensive platform of crypto services to a global audience, which is one of the many reasons we are proud to lead this round. We are excited to support the company as it continues to grow and expand its offerings in futures and margin trading, lending, staking and passive revenue generation to support the growth of Web 3.0 and the crypto markets.”

According to data from CoinMarketCap, KuCoin is the fifth largest crypto exchange on the market worldwide. In November of 2018, she raised $20 million in a round A funding round.

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