Kucoin Completes $20 Million Series A Funding

 

 

 

Singapore based digital asset exchange Kucoin has completed a $20 million Series A funding round with participation from IDG Capital, Matrix Partners and Neo Global Capital, according to a November 14 post to the company’s website.

In the statement, Kucoin said that they plan to use the funding to increase customer support staff to offer concierge-level service to all traders, expand globally in targeted markets, discover the best blockchain projects, and to educate and train blockchain talents.

Company CEO Michael Gan said in a November 15 statement that the exchange — which claims 5 million users — would benefit immensely from the partnership with highly-respected investors, adding that the company had faced many emerging challenges but continuously succeeded in overcoming them.

Author: Timothy Goggin

Timothy Goggin is an economic analyst with an interest in the application of moral philosophy and decentralized systems. He studied economics at the Business School at Victoria University of Wellington, New Zealand. His area of research is the consequential and moral dimensions of implementing digital currencies and the resulting synergies for consumers in the trading environment.

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