KuCoin, which is listed as the 5th largest cryptocurrency in the world in the ranking made by CoinMarketCap, has reached a valuation of 10 billion dollars by receiving 150 million dollars investment in the Series B financing round.
It was stated that multiple investment funds, including Circle Ventures, IDG Capital and Matrix Partners, participated in the Series B funding round led by Jump Crypto.
Jump Crypto Chairman Tak Fujishima said in a statement on the subject:
We are pleased to support the company to support the growth of the web3 and crypto ecosystem and enable KuCoin to grow its revenues.
said.
This fund of KuCoin; expanding its product portfolio, creating crypto wallets, developing decentralized finance (DeFi) protocols and NFT It is stated that it will be used in many projects such as It has also been announced that its investments will be made through investment branches such as KuCoin Labs and KuCoin Ventures.
According to CoinMarketCap, KuCoin, which is stated to be visited by 2.5 million people weekly, has a daily transaction volume of approximately 5 billion dollars.