Korean Bitcoin Exchange Korbit receives $400,000 in Funding
The Verge is reporting that South Korean Bitcoin exchange Korbit, has received $400,000 in funding. The investment money was pooled together by a group of Silicon Valley investors. Korbit was founded by Tony Lyu and launched in April 2013. Tony Lyu previously had the following to say about his startup. Tony Lyu. We are expanding access to financial services and reducing financial costs by enabling people to buy and sell Bitcoin. We also reduce financial crime and increase government tax revenue by offering a transparent finance network. As entrepreneurs we had experienced inefficiencies in....
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Having been in operation for nearly one year and accumulating on the order of 20,000 registered users in that time frame, South Korea's first and largest bitcoin exchange - Korbit - is reported to have received $400,000 in seed investment funding from Silicon Valley venture capitalists. The Valley's interest in this exchange halfway around the globe likely stems from the fact that the operation is already profitable. The exchange's success is, in part, attributable to the South Korean government's involvement - who is said to have provided funding to allow Korbit to get venture....
Korbit has announced a $3m Series A funding round, led by Softbank Ventures Korea. The round included Pantera Capital and BAM Ventures, as well as investors and funds previously associated with the company: Barry Silbert's Bitcoin Opportunity Corp, Tim Draper, Pietro Dova and Strong Ventures. The first bitcoin to Korean won exchange, Korbit had previously received a seed funding round of $400,000 in January, which brought its funding total at the time to $600,000 in angel investing overall. Although it offers an English-language version of its website, Korbit's services are targeted at the....
South Korean bitcoin startup Korbit has announced that it will receive $400,000 in funding from various Silicon Valley investors. If that figure doesn't impress, the names behind it might. The list includes DFC founder Tim Draper, AngelList founder Naval Ravikant, SV Angel founder David Lee and Barry Silbert, founder of SecondMarket and a high-profile bitcoin advocate. Draper said bitcoin's growth in Korea has been remarkable, adding that Korbit is setting a good example for bitcoin companies around the world. He argues Korea could play a leading role in the future of global finance by....
Korbit, the leading South Korean Bitcoin exchange has announced the inclusion of Ethereum on its platform. Ethereum now has the whole world’s attention. The cryptocurrency and smart contracts platform is now being included in most of the exchanges that were only dealing with Bitcoin, the firstborn of the cryptocurrency ecosystem. The South Korean Bitcoin exchange, Korbit has become the latest bitcoin exchange to include Ethereum into its order books. Korbit is the first Korean Bitcoin exchange founded by Tony Lyu. The company is based in Seoul, South Korea. The inclusion of Ethereum by....
Korbit first introduced Etereum trading on March 25, exactly a month ago from today. Korea’s largest bitcoin exchange Korbit has become the country’s first startup to showcase an Ethereum wallet for users to withdraw and deposit Ether with greater convenience. Korbit first introduced Etereum trading on March 25, exactly a month ago from today. Since then, Korbit has seen a substantial growth in the daily trading volumes of Ether and the Korbit development team has been dedicating a significant part of their operations in developing Ethereum-related products. Currently, the Korbit team is....