KuCoin Announces $10 Million Strategic Investment From SIG

VICTORIA, Seychelles–(Small business WIRE)–July 21, 2022–

On July 21, 2022, KuCoin, a worldwide primary crypto trade, introduced that it experienced secured a strategic financial commitment from Susquehanna Intercontinental Team (SIG), just one of the largest quantitative trading firms. Aside from about a 10-million US dollar expense, the two get-togethers will collaborate in blockchain startup incubation and KCS & KCC ecosystem creating.

This press launch attributes multimedia. Perspective the full release in this article: https://www.businesswire.com/news/dwelling/20220721005076/en/

(Photograph: Business Wire)

SIG is a global quantitative investing agency launched with an entrepreneurial way of thinking and a arduous analytical strategy to decision-creating. As one particular of the premier proprietary trading corporations in the environment, it is an expert in buying and selling basically all listed money products and solutions and asset courses, with a concentration on derivatives, and handles tens of millions of transactions on exchanges worldwide every single day.

Founded in 2017, KuCoin has created into a top 5 crypto exchange with more than 20 million customers globally. Recognized as the house of altcoins, the platform has supported around 700 tokens and 1,200 buying and selling pairs. In accordance to its 2022 H1 Overview Report, KuCoin has accomplished over $2 trillion in buying and selling quantity, a 180% increase in contrast to the very same period in 2021.

KuCoin will use the funds to enhance platform infrastructure and enrich the solution lineup, preparing for the upcoming bull operate. The capital will also guidance KuCoin’s world wide growth and selecting prepare. Irrespective of the current crypto winter, KuCoin even now has 300 position openings to be stuffed. In addition, KuCoin and SIG will jointly guidance promising crypto startups through incubation, financial investment, and session, specifically the projects built on the KCC chain.

Johnny Lyu, the CEO of KuCoin, mentioned: “KuCoin has been by means of a couple crypto cycles, and we are fully commited to constructing no subject what. We are delighted to announce that we have located one more partner with the very same eyesight and values. The guidance of SIG will solidify our top function as a centralized trade and aid our ecosystem enlargement in the decentralized World-wide-web 3. earth.”

In May possibly 2022, KuCoin raised $150 million led by Soar Crypto as a result of a pre-Collection B round, bringing its full investments to $170 million with Spherical A mixed, at a total valuation of $10 billion.

About SIG

SIG is a world-wide quantitative investing agency established with an entrepreneurial state of mind and a demanding analytical strategy to conclusion-producing.

As a person of the greatest proprietary buying and selling companies in the globe, we trade our personal funds at our very own possibility. We are gurus in trading fundamentally all shown economic goods and asset lessons, with a concentrate on derivatives, and deal with thousands and thousands of transactions on exchanges close to the entire world just about every day. Whilst our existence in the sector is broad, our trading desks are hugely specialized, permitting for a deep comprehension of the one of a kind drivers of each individual product or service. By offering liquidity and ensuring aggressive rates for potential buyers and sellers, SIG plays a important purpose in the economical marketplaces.

To uncover out much more, check out: https://sig.com/.

About KuCoin

Released in September 2017, KuCoin is a world wide cryptocurrency trade with its operational headquarters in Seychelles. As a user-oriented system centered on inclusiveness and neighborhood motion access, it features more than 700 digital assets. At present, it offers Place investing, Margin buying and selling, P2P fiat investing, Futures buying and selling, staking, and lending to its 20 million people in 207 nations around the world and locations.

In 2022, KuCoin raised around $150 million in investments by a pre-Sequence B Spherical, bringing complete investments to $170 million with Spherical A mixed, at a full valuation of $10 billion. KuCoin is at present a single of the best 5 crypto exchanges, in accordance to CoinMarketCap. In 2021 Forbes named KuCoin just one of the Best Crypto Exchanges. In 2022, The Ascent named KuCoin the Best Crypto App for lovers.

To find out additional, stop by https://www.kucoin.com.

See source variation on businesswire.com: https://www.businesswire.com/news/household/20220721005076/en/

Emma Haul
media@kucoin.com