RATE Group | Seed CX Cryptocurrency Exchange Secures $15M in Funding Led by Bain Capital
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Seed CX Cryptocurrency Exchange Secures $15M in Funding Led by Bain Capital

13 Sep Seed CX Cryptocurrency Exchange Secures $15M in Funding Led by Bain Capital

Posted at 21:09h in Cryptocurrency News by

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US-based Bain Capital Ventures has acquired a stake in institutional crypto trading platform Seed CX for $15 million.

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Chicago-based institutional digital asset exchange Seed CX announced on Wednesday it has secured $15 million in a Series B fundraise led by US-based global alternative investment firm Bain Capital Ventures, which has subsequently acquired a stake in the blockchain platform.

The investment is meant to support the expansion of Seed CX’s trading infrastructure, to enlarge its institutional trading network and more than double the number of its employees to around 40, chiefly in operations, market surveillance and technology.

According to the company’s statement, Seed CX has raised a total of over $25 million so far from, among others, crypto investors OKCoin USA and Divergence Digital Currency Fund, investment bank XMS Capital, and trading firm CMT Digital.

What Bain Capital Ventures mainly found attractive in the institutional trading platform was that it…

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