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

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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.

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Polymarket suspended trading amid reports of user funds being drained

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The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.

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Public companies double share of blockchain revenue since 2022: Report

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A new 1kx report finds that public companies are capturing a larger share of blockchain revenue, driven by institutional adoption and real-world applications.

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Nasdaq-listed Canton Strategic Holdings plans tokenized stock trading from Nov. 2

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The tokenized shares would carry the same shareholder rights as traditional stock, with round-the-clock trading and immediate settlement under the SEC’s innovation exemption.

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