KuCoin Raises $150 Million at $10 Billion Valuation

KuCoin is a cryptocurrency exchange that offers its users crypto services as well as provides them with digital assets. KuCoin supports more than 420 projects with 790+ trading pairs. Such projects as ICP, BOSON, AERGO, RNDR and DAO had a primary listing on KuCoin. It is one of the most popular crypto exchanges with over 18 million users in 207 countries.

The funding round pre-Series B was led by Jump Crypto. “We are pleased to support the company as it continues to grow and expand its offerings in futures and margin trading, lending, staking, and passive yield generation to support the growth of web 3.0 and the crypto markets,” Tak Fujishima, head of Asia at Jump Crypto. Existing investors such as Circle Ventures, IDG Capital, and Matrix Partners also took part in the round. The new funding will be used for broadening its portfolio of crypto wallets, DeFi, GameFi, and NFT platforms and DAOs.

KuCoin, Seychelles, was founded in 2017. One of the major strategies of the company is to provide its users with high-quality potential projects. KuCoin is also known as “People’s Exchange”. Operating in Seychelles, the company offers customers 24/7 multi-language services. Moreover, 19 local communities were established in Europe, North America, SEA, and other regions. “As you can see, KuCoin, as the home of hidden gems, not only keeps track of real-time hot sectors in the industry but also deeply researches potential projects in various sectors all the way, even if it is a small or midcap token at a certain stage,” Johnny Lyu, CEO of KuCoin.

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