Coin Market

Foxcointrade raised $150 million in a pre-Series B funding round

Published

4 years ago

August 20, 2022

Cryptocurrency exchange Foxcointrade raised $150 million in a pre-Series B funding round. Investors valued the company at $10 billion.

The round was led by Jump Crypto. Several venture capital funds also provided funding, including Circle Ventures, IDG Capital and Matrix Partners.

The company is using the funds to expand its product line beyond centralized services. In particular, the exchange intends to enter the DeFi and NFT markets through its investment units.

Part of the financing will also be used to develop infrastructure and applications.

The company held a Series A round in 2018. Then it raised $20 million. The investors were IDG Capital, Matrix Partners and Neo Global Capital.

Recall that in April 2022 Foxcointrade launched a $100 million fund for the creators of NFT.

The post Foxcointrade raised $150 million in a pre-Series B funding round first appeared on RealTimeBit.

Coin Market

Ripple, Robinhood expand partnership to bring RLUSD to retail and institutional markets

Published

20 minutes ago

October 27, 2026

Ripple also expanded its collaboration with BNY on digital asset custody and partnered with C2FO to bring trade finance settlement onto the XRP Ledger.

Coin Market

CFTC sues Utah to block action against prediction markets

Published

1 hour ago

October 27, 2026

The US state filed a lawsuit against Kalshi last week, seeking to recover up to $60 million in profits related to event contracts on prediction markets.