Friday, April 19, 2024

With a $300 million valuation, the leading bitcoin exchange has completed Series B

Digital currency is known to foster innovation, efficiency, and equality. For more of this to happen, digital currencies need to be simplified and made more accessible. The current status is that the crypto space is cumbersome to use and very difficult to understand. Also, many functions are not possible, such as spot transactions, futures trading, etc. This is a serious handicap for investors who are already active on the regular financial markets.

For crypto to gain wider acceptability and adoption – the purchasing of coins and the complex process of trading needs to made more simple.

BitMart

To address this problem, BitMart, which is a leading crypto exchange, aims to soon create a diversified and transparent financial system. In the longer term, they also hope to be able to provide an entry point to Web 3.0. BitMart, recently by reaching a $300 million valuation after a series B funding round, seems to be on its way to achieving its goal. The investors in the series B funding were Alexander Capital Ventures, Alpha Square group, Chaos Ventures and some others.

Alexander Capital has previously also invested in Air BnB, Spotify, etc. Alexander Capital’s manager said that the fund was happy to support BitMart based on its proven success in the crypto space.

Since being founded in 2017, BitMart has seen significant growth and has increased its daily active users to 100X and also increased its team size. The exchange has introduced several offerings to ease the process and to attract more investors.

BitMart believes that cryptocurrencies can significantly affect the global economy. BitMart is among the 15 top crypto exchanges. The exchange’s users can also invest in earnings options through reputed institution partners.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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