Another crypto exchange goes old school as KuCoin raises $20M from VCs34.86

I’ve said it before but I’ll say it again: one of the biggest trends in crypto this year is companies raising money the old fashioned way through venture capitalists.

Hot on the heels of Binance raising money from Singapore’s Vertex Ventures, so KuCoin, a relatively new crypto exchange, has pulled in $20 million. The money comes from two big name investors — IDG Capital and Matrix Partners — and the venture capital arm of Chinese crypto organization Neo, and it’ll be used to expand KuCoin’s global reach, develop technology and launch an investment arm of its own.

Original source
https://techcrunch.com/2018/11/14/kucoin-raises-20m-from-vcs/

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