Kucoin, the popular cryptocurrency exchange, has achieved a pre-series B funding round of $150 million that has pushed its valuation to a new high of $10 billion. This follows a fruitful 2020 for the company, with Kucoin celebrating its sixth birthday and becoming one of the top crypto exchanges in the world. This news has generated excitement among crypto investors and of course,Kucoin’s loyal users.

Receiving Praise From Industry Leaders

The news of Kucoin’s success has reached the ears of industry leaders with Matt Aaron, CEO of Kucoin, expressing thanks to their long-term partners, Ocean Capital and Langhe Investment, who have helped them to achieve such success.

Michael Ou the founder and CEO of CoolBitX commented that the news of their success “shows the market’s trust and expectation of Kucoin in the future”.

Increased Use Of The Kucoin Platform

The news has also been welcomed by Kucoin’s loyal users who have seen the platform become increasingly popular over the past year. Kucoin processed over $192 billion in trading volume in 2020; a remarkable 200% increase year-on-year. This is largely down to the introduction of new products and services such as the KuCoin margin trading system and their tie-ins with other businesses to open up more liquidity options.

Expanding Services

With the new round of funding, other projects will be funded to help kickstart Kucoin’s plans to launch its own blockchain network, and continue attracting new talent as they look to expand their user base.

For those interested in investing in digital assets, Kucoin offers a range of options including:

  • Over 370 tokens and 450 spot trading pairs
  • Multi-level and multi-cluster system architecture
  • Strict digital asset risk management system
  • State-of-the-art security system.

This new funding round has been a success for Kucoin and its users, strengthening its position as a major player in the crypto space.