China's OKCoin Exchange Raises $10 Million in VC Funding
China's largest bitcoin exchange by volume OKCoin has announced that it's raised $10 million in Series A VC funding, according to Chinese site Kuailiyu (first reported in the community by CoinDesk). China's own Ceyuan Ventures led the round, and was joined by Mandra Capital and VenturesLab along with other entities. According to the exchange's CEO, Star Xu, a bulk of the funds will be invested into team-building at the exchange, which currently sees a trade volume of about 50,000 bitcoins daily. In addition, the funds will be used for research and development purposes, security....
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OKCoin, the exchange claiming to be China's largest by trading volume, has announced a $10m Series A funding round. The investment round was led by Ceyuan, one of China's earliest venture capital firms, followed by Mandra Capital, VenturesLab and numerous high-profile angel investors. Despite the nation's recent crackdown on cryptocurrencies, it seems Chinese venture capitalists are still bullish on bitcoin exchanges and the currency itself. Bitcoin in China. Back in November 2013, the focus of the bitcoin community was on China - the world's hub for bitcoin trading. At that time, BTC....
China has gone through an official crackdown on Bitcoin; however unofficially chinese investors are still very bullish. Bitcoin has outperformed every other investment over the past five years and China clearly wants to be very much a part of it. OKCoin, China's largest exchange by trading volume, has announced a $10 Million trading round. The $10 Million was put together initially by Ceyuan, a venture capitalist specialising in early investments as well as Mandra Capital, another growth and development stage investor, and VenturesLab, yet another early investor. These high profile....
Changpeng Zhao is chief technology officer at OKCoin, a China-based bitcoin and litecoin exchange that is now seeking to extend its services to the international market. OKCoin is one of the largest exchanges in the world by exchange volume, according to data from Bitcoinity, and boasts more than 90 employees. The company raised $10m in Series A funding in March as part of a round led by Ceyuan Ventures, Mandra Capital and VenturesLab. Zhao attended The North American Bitcoin Conference in July, where he introduced his exchange to the international bitcoin audience and announced the launch....
Just when you thought things in China couldn't get any more confusing, OKCoin - a bitcoin exchange in the country - announces a bitcoin ATM. A Chinese news-blog posted the first report on the topic on Monday, making note that the exchange would be showing off their own ATM creation at the Global Bitcoin Summit 2014 conference taking place in Beijing from May 10th-May 15th. More specifically, the ATM (which is said to be more like a vending machine in that it only dispenses bitcoin) will be at the OKCoin booth, for those in the area looking to sneak a peak. Also of interest, while we're on....
Buenbit, an Argentina based crypto exchange, has raised $11 million in a funding round. The firm plans to expand operations in Latin America. Crypto Exchange Buenbit Raises $11 Million The platform announced on Monday that it has raised $11 million in a Series A funding round led by Libertus Capital. Other members of the funding […]