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Funding
KuCoin raises USD 10 million in funding
Decentralized Finance (DeFi)
Jul 21, 2022
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jul 21, 2022

KuCoin raises USD 10 million in funding

Funding

  • KuCoin, a cryptocurrency exchange, raised over USD 10 million through a strategic investment from Susquehanna International Group, bringing the company’s total funding to USD 180 million. 

  • In addition to the investment, the two companies will be collaborating to help incubate and build networks for crypto startups and projects primarily built on the KCC chain, KuCoin’s community-backed blockchain.

  • KuCoin also stated that the funds will be used to upgrade its infrastructure, develop its product offering, and support the expansion of the company's global footprint and employee base.

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