Bitcoin Mining Giant Bitmain Invests $1.6 Million in Shenzen-Based Bitcoin Trading Platform BitKan

Beijing-based mining giant Bitmain has invested $1.6m in bitcoin-focused data and trading services provider BitKan. Bitmain was the sole investor in the Series A round, which follows an angel round investment from Lanqi Venture Capital Investment last November. Based in Shenzhen, BitKan offers bitcoin data and pricing services, and recently launched an over-the-counter (OTC) bitcoin trading service. Founded in 2013, BitKan was launched by former employees of China-based IT giant Huawei. The firm offers Google Play and iTunes apps, and the startup hopes to leverage its existing reach to....

Four months after launching over-the-counter (OTC) trading, and fueled with US$1.6 million in funding from bitcoin mining giant, Bitmain, BitKan is looking to kick off its expansion plans starting with the U.S. "The U.S. is a large and special market target, so we are doing a lot of preparations focusing on law and localization in these three months," BitKan CEO Liu Yang told Bitcoin Magazine. "We plan to start all-sided layout in America in September." Shenzhen-based BitKan offers Bitcoin-related tools and services such as aggregated news, mining monitoring and price....

The Chinese company BitKan, which launched in 2013, has added an OTC (over-the-counter) trading feature to its app available for overseas markets. The feature is already popular in China. This follows the conclusion of its first round of funding, where it received a $2 million investment from Bitmain. OTC trading feature added. In April, BitKan received $2 million of investment from the Chinese Bitcoin mining hardware company, Bitmain in its A-round of funding, allowing it to launch over-the-counter trading via its app in May. Over-the-counter trading differs from exchange trading in that....

BitKan, an all-in-one Bitcoin service application, has announced a series of updates in an effort to improve user experience. The biggest update so far is found in the service’s mobile application, with a peer-to-peer, over the counter (OTC) trading utility. This news comes on the heels of a $1.6 million USD capital injection into BitKan by Chinese bitcoin mining giant Bitmain. What’s New with BitKan on the Mobile Front? BitKan’s mobile app, available on both Android and iOS, has the same familiar features, like price charts, news, mining pool data, and a “price alert” function that pushes....

While all of these platforms are making the necessary AML changes, LocalBitcoins continues to see a remarkable volume. Chinese bitcoin exchanges are forced to make quite a few changes right now. The recent talk with the PBOC unveiled exchanges need to incorporate stricter AML rules. BitKan, one of the smaller exchanges in the country, will halt new registrations while they upgrade their AML checks. A rather intriguing decision that will force even more traders to resort to peer-to-peer trading platforms. BitKan is a bitcoin marketplace based in Shenzhen, China. On the platform, bitcoin....