Singaporean crypto exchange KuCoin raises $20M

posted 28 days ago
Singaporean crypto trading platform KuCoin concluded a $20 million Series A funding round led by IDG Capital, Matrix Partners and Neo Global Capital. The investment in KuCoin, which already boats some 5 million registered users is intended to enable the platform to “create more secure, widespread global access to this rapidly expanding technology market.”

KuCoin CEO Michael Gan revealed that as a result of the partnership, KuCoin will be able to bring KuCoin Platform 2.0 online sometime in Q1 2019, increase customer support staff numbers to improve client service efforts, & enhance the platform’s global expansion efforts and supporting research efforts to find the best blockchain projects. He further revealed that growth projections estimate that ten global KuCoin user communities will be up and running by Q2, 2019 thanks to “targeted marketing and advertising campaigns.” Notably, the KuCoin Blockchain Training Center is already up and running.
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