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News

KuCoin Acquires $10M In Funding And Partnership With SIG On Wall Street

July 21, 2022 - Around 2 mins mins to read

Crypto exchange KuCoin has raised over $10 million in strategic investment from Susquehanna International Group (SIG), one of Wall Street’s largest quantitative trading firms.

KuCoin
KC Acquires $10M In Funding And Partnership With SIG On Wall Street

In addition to the investment, the two parties will work together to develop the KCS and KCC ecosystems as well as to incubate cryptocurrency startups.

SIG donates $10 million to KuCoin

KuCoin
KC Acquires $10M In Funding And Partnership With SIG On Wall Street

According to a recent official statement, KuCoin will use the funds to improve the platform’s infrastructure and expand its product offering in order to get ready for the upcoming bull run.

Despite the ongoing crypto winter, the funding will also assist KuCoin’s plans for worldwide recruiting and expansion, with over 300 job positions.

The move follows a $150 million venture funding round led by Jump Crypto through a pre-Series B in May 2022 at a total valuation of $10 billion.

“KuCoin has been through a few crypto cycles, and we are committed to building no matter what. We are delighted to announce that we have found another partner with the same vision and values. The support of SIG will solidify our leading role as a centralized exchange and facilitate our ecosystem expansion in the decentralized Web 3.0 world.”

KuCoin was established in 2017 and has since grown to include NFT trading, crypto financing, and an investment vehicle that focuses on blockchain and cryptocurrency companies. As of Thursday, the platform had $1.3 billion in spot trading activity during a 24-hour period, placing it among the top 10 largest cryptocurrency exchanges.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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Crypto exchange KuCoin

crypto winter

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KuCoin's plans

SIG

SIG donates

SIG On Wall Street

Susquehanna International Group

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

KuCoin Acquires $10M In Funding And Partnership With SIG On Wall Street

Crypto exchange KuCoin has raised over $10 million in strategic investment from Susquehanna International Group (SIG), one of Wall Street’s largest quantitative trading firms.

KuCoin
KC Acquires $10M In Funding And Partnership With SIG On Wall Street

In addition to the investment, the two parties will work together to develop the KCS and KCC ecosystems as well as to incubate cryptocurrency startups.

SIG donates $10 million to KuCoin

KuCoin
KC Acquires $10M In Funding And Partnership With SIG On Wall Street

According to a recent official statement, KuCoin will use the funds to improve the platform’s infrastructure and expand its product offering in order to get ready for the upcoming bull run.

Despite the ongoing crypto winter, the funding will also assist KuCoin’s plans for worldwide recruiting and expansion, with over 300 job positions.

The move follows a $150 million venture funding round led by Jump Crypto through a pre-Series B in May 2022 at a total valuation of $10 billion.

“KuCoin has been through a few crypto cycles, and we are committed to building no matter what. We are delighted to announce that we have found another partner with the same vision and values. The support of SIG will solidify our leading role as a centralized exchange and facilitate our ecosystem expansion in the decentralized Web 3.0 world.”

KuCoin was established in 2017 and has since grown to include NFT trading, crypto financing, and an investment vehicle that focuses on blockchain and cryptocurrency companies. As of Thursday, the platform had $1.3 billion in spot trading activity during a 24-hour period, placing it among the top 10 largest cryptocurrency exchanges.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News