RATE Group | Cryptocurrency Exchange KuCoin Raises $20 Million in Funding Round
49253
post-template-default,single,single-post,postid-49253,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency Exchange KuCoin Raises $20 Million in Funding Round

16 Nov Cryptocurrency Exchange KuCoin Raises $20 Million in Funding Round

Posted at 04:06h in Cryptocurrency News by

[ad_1]

/latest/2018/11/cryptocurrency-exchange-kucoin-raises-20-million-in-funding-round/

KuCoin, a Singapore-based cryptocurrency exchange, has recently announced it raised $20 million in its series A funding round, from organizations that include IDG Capital, Matrix Partners, and Neo Global Capital.

According to a recently published post, the exchange is set to use the funds to launch its KuCoin platform 2.0, which will reportedly add new features such as upgraded APIs, stop orders, and a dust collecting tool that’ll presumably let users trade small amounts for its KuCoin Token (KCS). The upgrade is set to go live by the first quarter of next year.

The funds are also set to be used to hire more customer support staff to improve traders’ experience on the platform, and to help expand its research team. Per 8BTC, KuCoin is also eyeing a global expansion plan that will see it launch a targeted marketing and advertising campaign.

The plan will see it…

[ad_2]

Source link

Tags:
, , , , , ,