Asian Exchange Quoine Raises $2 Million for Global Expansion
Pan-Asian bitcoin exchange Quoine announced today it has closed a $2m angel funding round, involving a number of investors and private funds. The firm's CEO Mario Gomez-Lozada told CoinDesk that the investors, who have chosen to remain publicly unnamed for now, include "hedge funds principals, major payment aggregators and top FX traders in Japan", along with executives of financial institutions. Quoine plans to use the additional funds on product development and global expansion. Quiet growth so far. Quoine's management team explained that the company has operated in "stealth mode" since....
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The primary focus for the Quoine Bitcoin exchange has always been on the Asian market. Bitcoin companies are seeing significant interest from investors all over the world. Quoine, a Singapore Bitcoin exchange, has recently raised US$20m in VC funding. This is quite a step up from the company’s previous investment round, which was worth ‘only” US$2m. It is interesting to note. Bitcoin exchange Quoine is based in Tokyo, despite being a Singapore platform. However, this new investment round will help the company move its headquarters from Tokyo to Singapore in the coming months. There is also....
The CEO of Asian bitcoin exchange Quoine says the region will dominate the bitcoin landscape over the coming years, as his company completes a funding deal worth $20 million USD. Quoine’s new investment comes from VCs and other “strategic investors.” There has been a flurry of investment announcements from Japanese bitcoin exchanges this year, with....
Singapore-based bitcoin exchange Quoine has raised $20 million from venture capitalists, building on a $2 million angel investment in December of 2014, according to dealstreetasia.com. The exchange will move its headquarters to Tokyo, while keeping its Singapore office. Corporate Bitcoin Investment Rises. Expanding investment by corporations in bitcoin marks a continuation of a 2015 trend. Data from CB Insights cited by dealstreetasia indicated that the top five largest bitcoin and blockchain investments have totaled $131 million in 2016 to date, of which only $4 million did not come from....
A bitcoin exchange startup based in Singapore has raised $16m as part of an ongoing Series A round led by a Japanese investment fund. Quoine announced earlier this week that it had raised the funds from investment fund JAFCO, which has confirmed its participation in the round, as well as a group of undisclosed angel investors. The startup is now in the process of moving its headquarters to Japan. Quoine's Series A round isn’t complete, however, as it said it is looking to close another $4m, for a total of $20m, in the coming months. The exchange said it plans to use the funds to build out....
A new trading exchange has set its sights on the wealthy markets of Japan, Hong Kong and Singapore, and wants to usher in a new era of professionalism for serious bitcoin traders across Asia. Quoine is being built by a management team of former and current forex traders who have all worked at some of the biggest names in banking, in the world's premier financial centers. With a philosophy that all financial dealings should be treated "like hygiene" in order to function properly, the team is focusing on security and compliance, with an interface designed to be both professional trader- and....