Coin Market

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

Published

1 year ago

August 21, 2022

Cryptocurrency exchange Hotcointrade 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 Hotcointrade launched a $100 million fund for the creators of NFT.

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

Coin Market

Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge

Published

28 mins ago

September 27, 2023

Despite campaign finance charges being dropped in July, the prosecution has been granted permission to present evidence of Bankman-Fried’s political donations in his upcoming fraud trial.

Coin Market

AirBit Club ‘ponzi’ co-founder gets 12 years prison

Published

28 mins ago

September 27, 2023

Convicted fraudster Pablo Renato Rodriguez will also need to serve three years of supervised release after he finishes his 12 year imprisonment sentence.