KuCoin cryptocurrency exchange based in Singapore, invested in Bitcoin trading platform Australia and established a joint venture to expand in the Australian market. The amount of investment amounted to $3 million this writes the newspaper the Australian Financial Review.
We are excited to announce our partnership with @kucoincom, one of the world’s largest cryptocurrency exchanges.
KuCoin has invested $3 million into Bitcoin Australia, which will be used for our international expansion. #bitcoin #crypto #bitcoinexchangehttps://t.co/Aj1BI4L5D7
Bitcoin Australia (@BitcoinComAU) 11 Sep 2018
Obtained funding Bitcoin Australia intends to use to start their own aggressive international expansion, as well as assistance KuCoin in entering the local market. Earlier the startup has attracted investment from Dominet Venture Partners.
Australia, Bitcoin — trading platform, from Australia, founded in 2015. Working at home and in Canada and the Netherlands. Intends in the next two years to expand the business to 30 countries. The company aims to make cryptocurrency trading possible for the mass market.
KuCoin — crypto currency exchange with more than 4 million users, the volume of transactions per month — $500 million Number of employees 300 people. The site offers 300 different virtual currencies for buying and selling. KuCoin earlier said about rigid policy concerning airdrop and hardporno introduced for customers verified and updated API.